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After 40 years, senior lawyer Awomolo repays students loan
After 40 years, senior lawyer Awomolo repays students loan
Adegboyega Awomolo, a Senior Advocate of Nigeria (SAN) has just repaid a loan he took as a student during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) between 1975 and 1977.
The Nigerian Education Loan Fund (NELFUND) disclosed this, adding that the lawyer had to pay N2 million for the N1,000 loan over 46 years ago.
“The loan, which at the time amounted to a total of N1,000 for two sessions, was instrumental in helping him complete his law degree.
“Despite several previous attempts, over the years, to refund the loan, Awomolo was unable to fulfill the repayment until now,” NELFUND said while conforming the repayment of the loan in a statement by Monalisa Dike of the Corporate Communications Department of the fund on Friday in Abuja.
It added that Awomolo repaid the loan through a bank draft.
She said the senior lawyer demonstrated his unwavering commitment to the nation by repaying the loan in full.
“In his letter to the Managing Director of NELFUND, Mr Akintunde Sawyerr, Awomolo expressed his gratitude to the Nigerian government for the opportunity that the student loan provided him,” she said.
According to her, Awomolo acknowledged the transparency and accountability that NELFUND had demonstrated in its current management of student loans.
Dike added that Awomolo’s repayment came as a testament to the lasting impact of President Bola Tinubu’s initiative and the ongoing relevance of NELFUND in supporting Nigerian students.
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“His two million Naira repayment serves as full and final settlement of his loan indebtedness, reflecting his dedication to upholding his responsibility to the nation.
“NELFUND remains committed to empowering future generations of Nigerian students and ensuring that access to education is available to all, regardless of financial background.
“Awomolo’s patriotic gesture is another shining example of the enduring value of education and the importance of fulfilling one’s obligation.
“It demonstrates the strength of morality, which still exists amongst Nigerians,” she said.
She, however, said that the funds would be used to fund the education of students who need the loan now.
Chief Awomolo was the first Attorney-General and Commissioner for Justice in Osun State.
He was the first lawyer to be appointed a Senior Advocate of Nigeria (1992) in Osun State.
He has served in various Committees of the Body of Benchers and was appointed a Life Bencher on 29th March, 2007.
After 40 years, senior lawyer Awomolo repays students loan
News
School teachers begin indefinite strike in Abuja
School teachers begin indefinite strike in Abuja
Teachers in government-owned schools across the Federal Capital Territory (FCT) have started an indefinite strike. This action follows the expiration of a 14-day ultimatum issued by the Nigeria Union of Teachers (NUT), FCT Chapter, to the six area councils in the territory.
On Wednesday, pupils who arrived at school were sent home by their teachers upon reaching the school gates, leaving them disappointed.
Comrade Ameh Baba, the NUT Chairman in Kubwa, confirmed the strike, explaining that it was initiated to push for the payment of 60 percent of the minimum wage arrears owed by the area councils.
He also criticized the councils for failing to implement the payment of 40 percent peculiar allowances and the 25 percent and 35 percent salary increments for teachers.
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Comrade Ameh stressed the importance of primary education as the foundation of human development and urged the government to treat the matter seriously.
The union warned that if the government does not respond within seven days, they will escalate the strike by picketing the area council secretariats and organizing protests, with secondary school teachers joining in solidarity. He also noted that the strike would impact Junior Secondary School 1 students, as their results are due for release.
School teachers begin indefinite strike in Abuja
News
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.
The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.
In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.
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“Dear Students,
“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.
“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.
“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.
NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.
Students can reapply for loans, we’ve resolved BVN verification glitch – NELFUND
News
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
Former President, Olusegun Obasanjo, has recounted how the former military Head of State, Gen. Abdulsalami Abubakar (retd), almost shortchanged Nigeria in a lucrative telecommunications deal.
Obasanjo revealed that Abdulsalami almost robbed Nigeria of a $280 million deal during nation’s transition to mobile telecommunications.
Obasanjo said when Nigeria was about to make the switch from landline telephones to mobile phones, some major telecommunication companies approached the country and promised to provide mobile lines for the citizenry, but Abubakar wanted to award the deal to his friends for $3 million.
The former President, however, said he suggested that the contract be made public for investors to bid and the highest bidder was awarded the contract, leading to the $280 million sale.
He made the revelation at the launch of a book titled ‘The Catalyst: Nigerian ICT Evolution through a Journalist’s lens,’ authored by an immediate past Editor of The PUNCH Newspapers, Mr Dayo Oketola, in Lagos.
He also disclosed that he was able to get Etisalat to pay $450 million to get the licence to operate in Nigeria.
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Speaking at the event, Obasanjo said: “The story of telecommunications, particularly mobile telecommunication, is a very interesting one. Before mobile telecommunication, we had spent a lot of money, we had all sorts of companies invited from America, France and even from Britain, but we did not get more than 500,000 lines. People had to queue at the telephone kiosk to call their loved ones abroad. And then, of course, the mobile telephone age came in.
“When it came in, my predecessor in office was trying to give it away, I think, to their friend for $3 million. Then we said, what we would do was to auction it. The three that came in first, I think, paid $280 million for the line. $280 million for something about to be given away for $3 million. That was the first thing we did. Not only that, we achieved competition.
“The three of them were competing. And, of course, the one that had the upper hand in terms of spread, I think, was MTN, followed by Glo. And then, there was Econet. They are now Airtel. And then, of course, later on, we had the fourth one, Etisalat. When Etisalat came, I told them the last one we did was $280 million. We told Etisalat to pay $450 million. They did.
“When they paid $450 million, the ball went in the post and then we were playing. That was how we got money to do what we did at the time we did it. That opportunity can still be made available. The money to develop Nigeria is out there, but that money will not come in unless we create a conducive atmosphere for that money to come in.
“What we did or what Nigeria has done in the good days when things were going well, are still there and can still be done today only if we put ourselves and we are honest to ourselves. We have to show character and attitude.”
Obasanjo reveals how Abdulsalami almost awarded $280m telecom deal for $3m to friends
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