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JUST IN: NELFUND approves student loan disbursement
JUST IN: NELFUND approves student loan disbursement
The Nigerian Education Loan Fund has approved the disbursement of student loan to successful applicants.
NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid.
Under the leadership of its Chairman, Mr Jim Ovia, the board approved the immediate disbursement of student loans to successful applicants.
A late Wednesday statement obtained from the agency’s X account revealed this.
The press release was titled, “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda.”
It was signed by its Head, Media and Public Relations, Nasir Ayitogo.
The meeting, attended by the fund’s management and representatives of member organisations, also laid the groundwork for future initiatives to enhance educational opportunities and support students across various disciplines.
The approval of the loans by NELFUND signifies a step towards empowering the next generation of leaders through education.
The statement read, “The Nigerian Education Loan Fund (NELFUND) on Wednesday, June 26, 2024 held the inaugural meeting of its board in Abuja.
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“The meeting marked a significant milestone in the organisation’s commitment to empowering students through financial support.
“Under the leadership of of the Board Chairman, Mr. Jim Ovia, top in agenda was the approval for disbursement of student loan to successful applicants.”
According to the statement, this phase align with the presidency’s dream of improving the quality of education and making it affordable for all.
“This decision underscores President Bola Ahmed Tinubu’s dedication to providing timely and essential financial assistance to students in need, enabling them to pursue their educational goals without undue financial stress.
“By approving the immediate disbursement of the loans, NELFUND is taking a critical step in fulfilling its mission to support education and empower the next generation of leaders.
“Also present at the meeting were the management of the fund led by the Managing Director/CEO, Mr Akintunde Sawyerr and representatives of member organisations,” it concluded.
Tinubu had on April 3, 2024, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.
The registration for the programme took off in May with 1.2 million students in federal tertiary institutions across the country – starting the first batch.
JUST IN: NELFUND approves student loan disbursement
News
How Dasuki paid Fayose N1.2bn to avoid traces – Court witness
How Dasuki paid Fayose N1.2bn to avoid traces – Court witness
On Monday, a Lagos Federal High Court was informed that former National Security Adviser, Sambo Dasuki, allegedly paid N1.2 billion in cash to former Ekiti State Governor Ayodele Fayose.
Abubakar Madaki, a former investigative officer with the Economic and Financial Crimes Commission (EFCC), testified before Justice Chukwujekwu Aneke, stating that the payment was made in cash to obscure the source and prevent any traceability.
During the EFCC investigation, it was revealed that the money originated from Dasuki’s office and was initially allocated for arms procurement, contrary to claims that it was for a presidential campaign. The EFCC has charged Fayose and his company, Spotless Investment Limited, with an 11-count indictment for criminal breach of trust, theft, and misappropriation of public funds.
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The anti-graft agency asserts that Fayose, along with Abiodun Agbele—who is facing a separate money laundering trial—received N1.219 billion on June 17, 2014, to finance Fayose’s governorship campaign in Ekiti State.
At the hearing, Madaki, the 13th prosecution witness, indicated that Fayose did not personally conduct any financial transactions pertinent to the charges. The court has adjourned the trial to July 19.
How Dasuki paid Fayose N1.2bn to avoid traces – Court witness
News
BREAKING: Rivers announces date for local government elections
BREAKING: Rivers announces date for local government elections
The Rivers State Independent Electoral Commission, (RSIEC), has announced that it has fixed the date to conduct local government elections in the state for October 5.
The commission, Monday, released its guidelines in view of the conduct of the LGA elections in the state.
This was coming as the police in the state have maintained occupation of the local government area council secretariats following the leadership crisis rocking the LGAs.
Following the expiration of the tenure of the elected chairmen and councillors of the 23 LGAs, the governor of the state, Sir Siminialayi Fubara, inaugurated Caretaker Committees pending the conduct of an LG election.
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However, the development had sparked protests by the outgone chairmen, loyal to the Minister of the Federal Capital Territory, Chief Nyesom Wike, who are insisting that the Martins Amaewhule-led State Assembly had extended their tenure by six months in their repealed Local Government Administration law of the state.
However, RSIEC met with the leaders of political parties and major stakeholders in the state in order to conduct the election in the state.
BREAKING: Rivers announces date for local government elections
News
BREAKING: Court dismisses Nnamdi Kanu suit against FG
BREAKING: Court dismisses Nnamdi Kanu suit against FG
A Federal High Court in Abuja has dismissed a lawsuit filed by Nnamdi Kanu, the detained leader of the Indigenous People of Biafra (IPOB).
Kanu had sought N1 billion in damages for alleged rights violations.
Kanu’s suit, marked FHC/CS/1633/2023, accused the Department of State Services (DSS) and its Director General of violating his right to fair hearing. He claimed that the DSS prevented his lawyers from having unhindered interactions with him while he was detained, impeding the preparation of his defense in his criminal trial.
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However, in his judgment on Monday, Justice James Omotosho ruled that Kanu failed to provide credible evidence to support his claims.
The judge found no proof that the DSS interfered with Kanu’s interactions with his lawyers, denied him unhindered access to legal counsel, or eavesdropped on his conversations with his lawyers, which would constitute a breach of his right to fair hearing.
BREAKING: Court dismisses Nnamdi Kanu suit against FG
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