NEWS
NELFUND Receives N203bn for Students Loan
By Ubong Ukpong, Abuja
The Nigerian Education Loan Fund(NELFUND) yesterday confirmed to the House of Representatives that it received a whooping N203 billion to settle student loan.Managing Director of NELFUND, Akintunde Sawyer, disclosed this during an investigative hearing into the alleged diversion of N71 billion from the fund by the Committee on NELFUND and Student Loan, chaired by Hon.
Ifeoluwa Ehindero. He denied the alleged diversion of the said amount from the funds disbursed so far.The MD described the statement issued by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as unfounded and inaccurate.According to him, from the total sum of N54 billion disbursed so far to 303 government-owned institutions—including universities, polytechnics, and colleges of education—N30 billion was paid to these institutions, while N24 billion was paid as upkeep, pocket money, or stipends to 293,000 Nigerian students studying at the tertiary level in government-owned institutions.A breakdown of the sources of funds accrued to NELFUND’s account domiciled with the Central Bank of Nigeria (CBN) showed that N10 billion was received from the Office of the Accountant General of the Federation; N143 billion from TETFund; and N50 billion from the proceeds of crime recovered by the Economic and Financial Crimes Commission (EFCC) as an intervention fund.Sawyer said, “Appropriated funds, as directed by the Honourable Minister for Finance, included N71 billion from TETFund. “This was a result of a presidential directive for TETFund to release N143 billion to NELFUND. They released N71 billion in the first instance and another N71 billion subsequently, totaling N143 billion. Finally, we received an additional N50 billion in recovered proceeds.”While dismissing the allegations of irregularities in NELFUND’s operations, as alleged on social media and in the ICPC statement, Mr. Sawyer reiterated the Fund’s commitment to upholding its policy thrust and extant laws.“We took these reports with the utmost seriousness because we recognize several things: one, the importance of this policy to the administration; two, its importance to Nigerian students—many of whom have long suffered; and three, the importance to this House, which initiated the bill, supported ably by members,” he said. “We hold this House in high regard and deeply appreciate its support. If you recall, this Act was repealed and reenacted. It went through within 24 hours. Similarly, when the ICPC released its statement last Thursday alleging irregularities, we responded swiftly.”“They claimed irregularities involving institutions and their relationships with students in terms of access to education and charges. “The ICPC report followed a media story suggesting 51 institutions were in breach. NELFUND was quoted in the release, and it was implied that funds had been diverted by us.”“We immediately reacted because, although we knew the claim was unfounded, we recognized the potential damage to public confidence in the scheme, which already faced skepticism. “Our response led the ICPC to revisit its statement, and within hours, it retracted the part suggesting that NELFUND diverted funds.” “They did not retract their comments about irregularities within the education system, but they fully withdrew the allegation regarding fund diversion.“This is possibly the first time in Nigeria that a security agency has reversed itself so quickly. Nonetheless, damage had already been done.”“As Honourable Members know, once a piece of news is out, it takes on a life of its own. A lot of confidence has been lost in our institution.“”This is unfortunate for NELFUND and for Nigeria. We’ve worked hard to put out a narrative—now backed by the ICPC’s new statement—that no funds were diverted.” “Now to the numbers. Let me explain how NELFUND’s expenditures have been handled.“According to the law passed by this Honourable House, 90 percent of funds received by NELFUND must go toward student loans. These funds are untouchable and cannot be used for any other purpose. Any diversion would be a breach of the law.”“As of today, NELFUND has disbursed approximately N54 billion to 303 government-owned institutions—universities, polytechnics, and colleges of education. N30 billion went to these institutions, and N24 billion was paid as upkeep or stipends to 293,000 Nigerian students in these institutions.”“So, in total, N54 billion has been disbursed since the Fund’s inception. Of this, N30 billion went to institutions, and N24 billion was paid directly to students as upkeep.”“NELFUND has received N203 billion in its Central Bank account. Let me break it down: we received N10 billion from the Office of the Accountant General.“Following appropriation, we received N71 billion from TETFund based on a presidential directive. TETFund later released an additional N71 billion, totaling N143 billion.“Finally, we received N50 billion in recovered proceeds from the EFCC, as directed by His Excellency, President Bola Ahmed Tinubu.”“I highlight these figures because the ICPC statement contained several inaccuracies.“It claimed we had received N100 billion and disbursed N28 billion. Both figures were understated and led to the wrong conclusion that N71 billion had been diverted.”“As you can see, even from the inaccurate figures, the conclusion was flawed.“Regardless, we take any allegations of diversion—within or outside of NELFUND—extremely seriously. This project is sacred and must not be tampered with.”Before the Committee dissolved into an executive session, Hon. Ehindero requested supporting documents on disbursements and funds received from the Federal Government to date.
Foreign News
Trump Expands US Travel Ban to Five More Countries
President Donald Trump has expanded a US travel ban, barring nationals of five additional countries and people travelling on Palestinian Authority-issued documents from entering the US.
The White House said the restrictions were intended “to protect the security of the United States” and will come into force on 1 January.
Full-entry restrictions will be imposed on people from Burkina Faso, Mali, Niger, South Sudan and Syria as well as Palestinian Authority passport holders.
The administration also moved Laos and Sierra Leone, which were previously subject to partial restrictions, to the full ban list and put partial restrictions on 15 other countries, including Nigeria, Tanzania and Zimbabwe.
Trump, who has tightened immigration controls since returning to the White House in January, said the expanded travel ban was necessary because of what his administration described as failures in screening and vetting systems overseas.
Officials cited high visa overstay rates, unreliable civil records, corruption, terrorist activity and a lack of cooperation in accepting deported nationals.
The announcement followed the arrest of an Afghan national suspected of shooting two National Guard troops over the Thanksgiving weekend, an incident the White House pointed to in highlighting its security concerns.
This is the third time Trump has imposed a travel ban.
During his first term, he introduced a similar order in 2017, which sparked protests and legal challenges at home and abroad. The policy was later upheld by the US Supreme Court.
The White House said the restrictions would remain in place until affected countries show “credible improvements” in identity management, information-sharing and cooperation with US immigration authorities.
A number of exceptions apply and the ban will not affect lawful permanent residents, many existing visa holders, diplomats, or athletes travelling for major sporting events. Officials said case-by-case waivers would also be available where travel is deemed to be in the national interest.
Countries with full restrictions:
Afghanistan, Burkina Faso, Burma, Chad, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Mali, Niger, Republic of the Congo, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Yemen
Individuals travelling on Palestinian Authority issued or endorsed travel documents are also subject to a full suspension of entry
Partial restrictions:
Angola, Antigua and Barbuda, Benin, Burundi, Côte d’Ivoire, Cuba, Dominica, Gabon, Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia, Zimbabwe
Special case:
Turkmenistan (restrictions remain for immigrants but have been lifted for non-immigrant visas).
NEWS
Farouk Ahmed, Gbenga Komolafe Resign after Dangote Petition
By Eze Okechukwu, Abuja
President Bola Tinubu has nominated new chief executives for Nigeria’s two foremost petroleum regulatory agencies following the resignation of their heads, Engineers Farouk Ahmed and Gbenga Komolafe.
In separate letters to the Senate yesterday, the President requested the confirmation of Oritsemeyiwa Amanorisewo Eyesan as Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Engineer Saidu Aliyu Mohammed as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The nominations followed the voluntary exit of Ahmed, who headed the NMDPRA, and Komolafe, the pioneer CEO of the NUPRC.
Both men were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act (PIA), which created the two regulatory bodies to oversee reforms in Nigeria’s oil and gas industry.According to a State House press release by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu urged the Senate to expedite the confirmation process to ensure continuity and stability in the regulation of the petroleum sector.
Eyesan, a seasoned industry professional, is an Economics graduate of the University of Benin and spent nearly 33 years with the Nigerian National Petroleum Company Limited (NNPC) and its subsidiaries. She retired as Executive Vice President, Upstream, in 2024, and previously served as Group General Manager, Corporate Planning and Strategy, from 2019 to 2023.
Engineer Saidu Aliyu Mohammed, born in 1957 in Gombe State, is a Chemical Engineering graduate of Ahmadu Bello University, Zaria. He has held several strategic positions in the oil and gas industry, including Managing Director of the Kaduna Refining and Petrochemical Company and the Nigerian Gas Company. He also served as Group Executive Director and Chief Operating Officer, Gas and Power Directorate at NNPC.
Mohammed has chaired the boards of the West African Gas Pipeline Company, Nigeria LNG subsidiaries and NNPC Retail, and played key roles in major national projects such as the Escravos–Lagos Pipeline Expansion, the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline and Nigeria LNG Train developments.
The President expressed confidence that the nominees’ experience and expertise would strengthen the implementation of the Petroleum Industry Act and advance reforms across Nigeria’s oil and gas value chain.
NEWS
NLC Stages Nationwide Strike over Insecurity
Labour Takes Nationwide Protest to Streets over Insecurity
The Nigeria Labour Congress (NLC) yesterday led a nationwide protest across major cities, including Abuja, Calabar and Osogbo, to draw attention to Nigeria’s worsening insecurity and economic hardship, insisting that governments at all levels must urgently reclaim communities, protect citizens and restore public confidence.
In Abuja, the NLC President, Joe Ajaero described the heavy deployment of security personnel around the protest as “normal,” arguing that whether security agencies were sent to protect or stop workers, it showed the impact of labour’s action.
However, he faulted the practice of deploying security chiefs to interface with labour during industrial disputes, stressing that labour matters were not security issues.“Industrial relations issues are the responsibility of the Ministry of Labour and the Office of the Secretary to the Government of the Federation, not heads of security institutions,” he said, warning against intimidation of workers under the guise of security.
Addressing workers after a brief procession, the NLC Deputy General Secretary, Comrade Ismail Bello, said the protest was not partisan but a struggle for the survival of all Nigerians. He lamented the devastation caused by insecurity, noting that communities had been destroyed, livelihoods lost and essential services disrupted.
“We have paid a heavy price. Healthcare workers, teachers, transport workers and many others have been affected. The damage is enormous and it has to stop,” Bello said, adding that the constitution guaranteed the right to peaceful protest and freedom of association.
He called for decisive action against kidnappers and criminal elements, arguing that failure to punish perpetrators had emboldened insecurity. “Children must return to school. Communities must return to normalcy. Government must deploy the full machinery of governance to recover all spaces taken over by criminals,” he added.
The NLC Head of International Department, Comrade Uche Ekwe, said the protest was meant to strengthen the government’s resolve to confront insecurity, insisting that those funding criminal activities must be arrested and prosecuted.
Labour disclosed grim statistics to underscore its concerns, revealing that since 2009, over 2,295 teachers had been killed by insurgents and bandits, more than 19,000 displaced in the North-East, and over 910 schools destroyed. In the health sector, about 35 per cent of facilities were destroyed by terrorism, while 50 per cent became inaccessible, worsening the shortage of medical personnel.
In Cross River State, organised labour staged a peaceful rally in Calabar, where the NLC Chairman, Comrade Greg Olayi, warned that Nigerians could no longer live or work in safety. He cited attacks on farmers, kidnappings of schoolchildren and insecurity on highways as evidence of a failure of governance.
Similarly, the Joint Negotiating Council Chairman, Comrade Raymond Afu, described the rally as a call to conscience for government at all levels, stressing that the essence of governance was the protection of life and property.
In Osun State, labour leaders and civil society voices also joined the protest, calling on the state government to strengthen local security networks, including Amotekun and other community-based outfits, rather than shutting them down. They warned that insecurity must not be allowed to take root in the state.
The Osun State Chairman of the Nigeria Union of Journalists (NUJ), Wasiu Ajadosu, said organised labour could no longer remain silent while citizens faced daily threats, emphasising that security was the foundation for development and social justice.

