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TINUBU SIGNS STUDENTS LOAN BILLSteps to access the student loanThe Student Loan Bill which is now Law  officially known ...
12/06/2023

TINUBU SIGNS STUDENTS LOAN BILL

Steps to access the student loan

The Student Loan Bill which is now Law officially known as AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED was Sponsored by Hon. Femi Gbajabiamila

Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction
of the following conditions:
(i) Student must have secured admission into any public Nigerian
University,Polytechnic, COE or TVET school

Applicant income or family income must be less than N500,000 per annum;Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a
Judicial officer; or a Justice of Peace.

Students who have defaulted in previous loans; found guilty of exam malpractices, felony, drug offenses will not be considered.
Students with parents who have defaulted in respect of previous loans will not be considered.

All Applications will be submitted through the Students Affairs Office of each Institution via a list of all
qualified applicants from the institution accompanied by a cover letter signed by the Vice Chancellor or Rector or the head of the institution and the student affairs.

Any beneficiary of the loan to which this Act refers shall
commence repayment two years after completion of the National Youth Service Corps programme.
(Repayment shall be by direct deduction of 10% of the
beneficiaries salary at source by the empioyer.

Where the beneficiary is self employed, he shall remit 10% of his
total profit monthly to the Students loan account to be prescribed by the Bank.

03/03/2023

Old naira notes remain legal tender till 31st December.

SUPREME COURT

26/02/2023

OFFICIAL PRESIDENTIAL ELECTION RESULTS:

1. Ekiti State

APC - 201,494
LP - 11,397
NNPP - 264
PDP - 89,554

Total Vote Cast - 314,472





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President Muhammadu Buhari has casted his votes with his wife.  Likes, follows and share
25/02/2023

President Muhammadu Buhari has casted his votes with his wife.



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25/02/2023

You still have time to vote
8:30am to 2:30pm

14/02/2023

Here are the countries that don’t celebrate Valentine’s Day:



Uzbekistan



Uzbekistan is well known for its long history and diverse culture with Islam as the dominant religion. The country was tolerant of Valentine’s Day celebrations until 2012 when an internal decree that bans the celebration of this holiday was issued by the Ministry of Education’s Department of Enlightenment and the Promotion of Values.



Instead of observing Valentine’s Day, people in Uzbekistan celebrate the birthday of their country’s hero – Babur – a Mughal Emperor. Valentine’s Day is not illegal but it is strongly discouraged in favour of commemorating Babur.





Iran

In recent years, Iranian authorities have aimed to forbid Valentine’s celebrations, calling the holiday a “decadent Western custom” and threatening shops and restaurants with prosecution if they sell Valentine’s Day gifts.



Despite this, numerous restaurants in Tehran have reported been fully booked and many shops have been seen selling teddy bears and chocolates. Due to the fact that they are defying the law, establishments use lookouts to see if inspectors are on a Valentine’s Day patrol.





Malaysia

Malaysia is a federal, constitutional monarchy in Southeast Asia, divided by the South China Sea into two regions. The constitution grants freedom of religion, but it is a multi-ethnic and multi-cultural country, the population of which is approximately 60 percent Muslim. The capital is Kuala Lumpur.



Since 2005, the celebration of Valentine’s Day has been banned. The Malaysian Islamic Development Department blames the holiday for everything from abortion to alcohol and takes the stance that it is a link of negative ills that can invite disaster and moral decay among youth. There is even an annual anti-Valentine’s Day campaign to reinforce the view. Anybody going out and celebrating does so at their own risk, including arrests.





Indonesia

As a matter of fact, there is no law that expressly prohibits the celebration of the day in Indonesia. However, in some areas of the country such as Surabaya and Makassar where people have more radical Muslim views, intimidation tactics or small-scale bans are used while in Bando Aceh, there is an outright ban.



Saudi Arabia



In Saudi Arabia, conservative officials strictly impose a ban on the holiday. Selling roses, red products, and love-themed cards are banned in advance of February 14. The phenomenon has led to the creation of a black market of Valentine's day products.

Source: The Nation



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News INEC Releases List Of 240 Polling Units Across Nigeria With No Registered Voters. Independent National Electoral co...
13/02/2023

News

INEC Releases List Of 240 Polling Units Across Nigeria With No Registered Voters.

Independent National Electoral commission (INEC) has cancelled 240 polling units due to non register ed voters in those areas.

Elections Won't Take Place In These Polling Units.



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NewsCBN debunks the false that claims that NSPMC Plc doesn't have capacity to print new notes  Likes, shares and follow
11/02/2023

News

CBN debunks the false that claims that NSPMC Plc doesn't have capacity to print new notes



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NewsNUC directs Tertiary Institutions to shutdown schools for 3weeks.The National University Commission (NUC) ,has direc...
09/02/2023

News

NUC directs Tertiary Institutions to shutdown schools for 3weeks.
The National University Commission (NUC) ,has directed all Tertiary institutions to shutdown, due to 2023 general elections , which will hold on the 25th of February and 11th of March.

The commission said the for student to participate in the general election as there civil right as a citizens of Nigeria.

The closure start from 22nd February to 14th March.



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EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in AbujaAn Operations Manager of a lea...
06/02/2023

EFCC Arrests Operations Manager of a Commercial Bank for Hoarding New Naira Notes in Abuja

An Operations Manager of a leading Commercial bank in Abuja Central Area was today, February 6, 2023, arrested by operatives of the Economic and Financial Commission, EFCC, for refusing to load the Automated Teller Machines, ATMs, of the bank despite having N29million of the redesigned Naira notes in the branch’s vaults.

Before he was whisked away for further questioning, the operatives ordered the loading of all the ATMs and the payment of the stipulated amount across the counter to the delight of the distraught customers who had spent hours on queues without getting the new notes.

This discovery, which indicates a sabotage of the government’s monetary policy by some banks, was made by the EFCC in continuation of the ongoing surveillance and visit to banks across the country to access their vaults and verify whether they were deliberately refusing to dispense the redesigned Naira notes. More than five bank branches were covered today by the operatives in Abuja. Similar exercises were ongoing in Zonal Commands across the country.

The operation will continue until normalcy is restored to the banking system.

Nigerians finding it difficult to access their funds at any bank and suspects foul play should contact the commission, for immediate intervention.

Source: www.efcc.gov.ng



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ICPC exposed Some banks Tricks at Osogbo.. ICPC Team went to Osogbo, Osun State, exposed the tricks of the bank.where so...
03/02/2023

ICPC exposed Some banks Tricks at Osogbo..

ICPC Team went to Osogbo, Osun State, exposed the tricks of the bank.where some ATMs were loaded with cash with their wrappers un-removed thus preventing the cash from being dispensed.

PRESIDENT BUHARI ASKS FOR 7 DAYS FOR A MAJOR DECISION ON CURRENCY REDESIGNPresident Muhammadu Buhari Friday urged citize...
03/02/2023

PRESIDENT BUHARI ASKS FOR 7 DAYS FOR A MAJOR DECISION ON CURRENCY REDESIGN

President Muhammadu Buhari Friday urged citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria to change high value Naira notes with new ones.

Speaking to the Progressive Governors Forum who came to the Presidential Villa to seek solutions to the cash crunch which they said was threatening the good records of the administration in transforming the economy.

President Buhari said the currency re-design will give a boost to the economy and provide long-term benefits while expressing doubts about the commitment of banks in particular to the success of the policy. “Some banks are inefficient and only concerned about themselves”, said the President, “even if a year is added, problems associated with selfishness and greed won’t go away."

He said he had seen television reports about cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension will be used to crackdown on whatever stood in the way of successful implementation.

“I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President assured.

The Governors told the President that, while they agreed that his decision on the renewal of currency was good and they are fully in support, its ex*****on had been botched and their constituents were becoming increasingly upset.

They told the President that, as leaders of the government and party in their different states, they were becoming anxious about a slump in the economy and the series of elections that are coming. They requested the President to use his powers to direct the concurrent flourish of the new and old notes till the end of the year.

The President said when he considered giving the approval to the policy, he demanded an undertaking from the CBN that no new notes will be printed in a foreign country and they in turn gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs. He said he needed to go back to find out what was actually happening.

President Buhari told the Governors that, being closer to the people, he had heard their cries and will act in a way that there will be a solution.


GARBA SHEHU

Senior Special Assistant to the President

Media and Publicity

February 3, 2023.


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