NEWS
NELFUND Receives Another N2m Refund from Former Beneficiary
The Nigerian Education Loan Fund (NELFUND) has announced the receipt of two million Naira, through a bank draft, given by Adegboyega Awomolo, a former beneficiary of student loan.This is contained in a statement by Monalisa Dike, from the Corporate Communications Department of the fund on Friday in Abuja.
Dike said that Awomolo, a Senior Advocate of Nigeria (SAN) benefitted from the loan during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) between 1975 and 1977She said the senior lawyer demonstrated his unwavering commitment to the nation by repaying the loan in full. “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.“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.“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. (NAN)
The Nigeria Customs Service (NCS), Federal Operations Unit Zone C, says it intercepted contrabands with a Duty Paid Value (DPV) of N510.92 million between July 15th and September 15th, 2024.The zone covers the six states in the South-South geopolitical zone and the five states in the Southeast geopolitical zone.
This is contained in a statement signed by Jerry Attah, Public Relations Officer, NCS, Zone C, and made available to journalists on Wednesday. According to the statement, Comptroller Michael Ugbagu, NCS, Zone C, gave the statistics while showcasing the seized contraband to relevant regulatory agencies at the Government Warehouse in Edo.Ugbagu said that the zone also recovered the sum of N25.57 million from demand notices raised based on some infractions noticed, making a cumulative sum of N536.49 million recorded within the months under review.“The DPV was derived from our seized goods, which include 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without an NAFDAC number.“1,015 sacks of dry donkey meat and skin, 75 jumbo bales of second-hand clothing, 463 cartons of foreign spaghetti, 269 pieces of used pneumatic tires, and 56 cartons of smuggled foreign tomato paste.“More worrisome is the interception of 49,699 sachets of various brands of tramadol and 3,350 bottles of various cough syrups with codeine without NAFDAC registration numbers.”He noted that the cough syrup with codeine and tramadol without NAFDAC registration numbers, if not intercepted, could have had adverse effects on youths.He added that the items were mostly intercepted along the Ewu-Okada/Benin expressways based on credible intelligence. (NAN)
The Forum of Stakeholders of the All Progressive Congress (APC) has decried the deplorable condition of some federal roads in Nigeria. Alhaji Saleh Zazzaga, the North-Central Chairman of the forum, said this in an interaction with newsmen on Wednesday in Jos. Zazzaga described some of the federal roads as ”death traps”, particularly those within the north-central region.
He said that some of the deplorable roads in the region include Jos-Akwanga, Makurdi-Oturkpo-Otukpa, Makurdi-Ankpa, and Jos-Saminaka. Other roads that needed urgent attention, he said, included Suleja-Minna, Ejule-Otukpa, Ganawuri-Manchok, Lokoja-Abuja, Lapai-Agaie-Bida, Birnin-Gwari-Bokani-Mokwa, Minna-Zungeru-Tegina-Kontagora. ”Currently, the north-central region has the most deplorable roads and highways in the country. ”These deplorable roads have brought severe hardship on the people and lost lives and property through preventable road traffic crashes. ”We call on President Bola Tinubu to intervene and ensure the rehabilitation of these roads because good roads are vital enablers of development,” he said. The chairman also called on governors of states within the region to reconstruct the dilapidated roads and seek refunds from the federal government. ”Though these are largely federal roads, they are located within states, and the beneficiaries are the people of these states. ”So we call on state governments to reconstruct these roads and seek refunds from the federal government,” he added. (NAN
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 160 pips to 7.087 against the dollar on Wednesday.This is according to the China Foreign Exchange Trade System.In China’s spot foreigners exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
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