The long-awaited student loan scheme is set to finally kick off in earnest next Friday. In a press statement issued by Nigerian Education Loan Fund (NELFUND) and signed by its spokesman, Nasir Ayitogo, the student loan applications portal will be opening on Friday 24th May, 2024. The statement reads: “The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce 24th of May, 2024 as official date for the opening of portal for student loan applications. “This marks a significant milestone in the commitment of President Bola Ahmed Tinubu (GCFR) to…
Author: Michael Chibuzo
Online payment company, Flutterwave experienced a security breach in April following an attempted intrusion into their network from hackers. According to reports by Tech Cabal, a popular tech blog, sources within the financial system said Flutterwave suffered the security breach which allowed unknown persons to divert billions of naira to several bank accounts. The hackers allegedly transferred around ₦11 billion ($7 million) to several accounts in five financial institutions over a period of four days. However, Flutterwave in a statement on Thursday, confirmed that the company did experience a network intrusion but said it successfully blocked the attempted intrusion and…
Alhaji Atiku Abubakar, a former Vice President of Nigeria, has come under intense fire from many Nigerians for criticising the plan by the federal government to encourage utilisation of pension funds, insurance funds and other investment funds to finance infrastructure growth especially in the housing and mortgage sector as the country attempts to bridge its infrastructure deficit. Atiku Abubakar had on Wednesday called on the Minister for Finance, Wale Edun to jettison the move by the federal government to tap into these local sources of funding for infrastructure on the ground that the initiative, which he called “misguided” could lead…
The Labour Party presidential candidate in the 2023 presidential election and former governor of Anambra state, Mr. Peter Obi has accused the Nigerian judiciary, especially judges of giving favourable judgements to the highest bidder. He lamented that justice in Nigeria is commodified. Mr. Peter Obi made this damning assessment of the judiciary and judicial officers while delivering a Keynote Speech at the 5th Memorial Lecture of Justice Anthony Nnaemeka Aniagolu that held at the Godfrey Okoye University, Enugu. Obi spoke on the topic: “The Role of the Judiciary in Shaping Nigeria’s Future.” Mr. Peter Obi who is a beneficiary of…
The Oyo State Police Command has paraded the former Chairman of Oyo Park Management System, Lamidi Mukaila popularly known as “Auxiliary”. Auxiliary was paraded in Ibadan by the Oyo State Commissioner of Police, Hamzat Adebola following his arrest by the DSS in his residence in Olodo area of Ibadan. His arrest came months after the police had declared him wanted for alleged involvement in a series of armed robbery, kidnapping, and murder cases. The Police Commissioner, Hamzat Adebola while parading Auxiliary said, “discreet intelligence-led search commenced for the sacked PMS chieftain with the help of technology, collaborative efforts with sister…
The Federal Executive Council on Tuesday concluded its meeting that started on Monday May 13, 2024. After exhaustive deliberations, the council approved a number of policies and projects that will further boost the economy, facilitate investments and promote the ease of doing business in the country. The under-listed are the major highlights of the marathon federal executive meeting as captured by Bayo Onanuga, the Special Adviser to the President on Information & Strategy: 1. Council supported a series of initiatives set to be launched that will revolutionize Nigeria’s Infrastructure and Housing sector through Public-Private Partnerships The initiatives which can unlock…
Nigeria has gained an additional 16,300 square kilometres in new maritime territory following the approval of Nigeria’s request to extend its continental shelf and sovereignty over the additional square kilometres by the United Nations Commission on the Limits of the Continental Shelf (CLCS). The approval was revealed when President Bola Tinubu received the report of the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project. President Tinubu commended the team of experts who had worked hard over the years to advance the project, which aims to extend Nigeria’s maritime boundaries in accordance with the United Nations Convention on…
The Federal Government of Nigeria has disclosed plans to establish an auto-credit scheme that would among other things enable Nigerians desirous of owning a car to purchase one without putting all cash down as payment. This initiative, the federal government said, is part of its effort to develop and stimulate growth of the local automobile industry. The Minister for Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, made this known on Tuesday at a 3-day automobile conference themed “the West Africa Automotive Show (WAAS)” held in Lagos. The Minister, who was represented by the Director General of the National Automotive Design…
Abia State Governor, Alex Otti, has said that despite the fact that he is in a different political party from President Bola Tinubu, his government in Abia state has already keyed into the Renewed Hope Agenda of the Tinubu administration noting that he is on the same pedestal and driving towards the same purpose as President Tinubu. Gov. Otti made these assertions yesterday when he received the Special Adviser to the President on Health, Dr. Salma Ibrahim and her team who were in Abia State on an advocacy visit. The Governor emphasised the readiness of the Abia State government to…
The presidential candidate of the Labour Party in the 2023 presidential election and former governor of Anambra state, Mr. Peter Obi has reportedly pleaded to become the vice presidential candidate to Atiku Abubakar in the 2027 presidential election if he returns back to the PDP. Mr. Peter Obi yesterday visited his former boss, Alhaji Atiku Abubakar, who he ran on a joint presidential ticket with in 2019. Revelations from a top political ally of Mr. Atiku Abubakar who was present during the private discussions between Atiku Abubakar and Peter Obi indicated that the visit of Obi to Atiku has been…