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President Tinubu to Launch Student Loan Scheme on July 17

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President Bola Tinubu is set to officially launch the Student Loan Scheme on Wednesday, July 17, 2024, signifying the start of the programme’s implementation. The launch event will be held at the State House in Abuja.

 

The initiative, aimed at providing financial assistance to students across Nigeria, follows the President’s approval of ₦35 billion for the scheme’s initial phase, which targets 70,000 applicants. This substantial funding underscores the administration’s commitment to improving access to higher education for Nigerian students.

 

The Nigerian Education Loan Fund (NELFund), chaired by Mr. Jim Ovia, has played a pivotal role in advancing this initiative. During its inaugural meeting in Abuja last month, the Governing Board approved the disbursement of loans to successful applicants.

 

“By approving the immediate disbursement of the loans, NELFund has taken a critical step in fulfilling its mission to support education and empower the next generation of leaders,” the agency stated.

 

The Student Loan Scheme is designed to alleviate the financial burdens faced by students, ensuring that financial constraints do not hinder educational pursuits. The programme aims to provide accessible and sustainable financial support, promoting academic excellence and fostering a knowledgeable and skilled workforce.

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Education

Oyelami Named Acting CEO of National Mathematical Centre

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By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

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Abuja Reports

UniAbuja Council Denies NELFUND Loan Diversion Claim

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By Patrick Idowu

The Governing Council of the University of Abuja has refuted allegations that the institution diverted funds provided by the Nigerian Education Loan Fund (NELFUND), for its students.

In a statement issued on Saturday, the council, chaired by Senator Olanrewaju Tejuoso, said no NELFUND money was diverted, misappropriated or unlawfully withheld by the university or any of its officials.

The denial comes a day after NELFUND also dismissed the allegation and cleared the university of wrongdoing.

The statement, signed by the Acting Registrar and Secretary to the Governing Council, Malam Sambo Mohammed, said the university operates within established financial regulations and maintains strict accountability in managing intervention funds.

The council urged the public to disregard what it described as a misleading media report, while reaffirming confidence in the university’s management led by Vice-Chancellor, Prof. Hakeem Babatunde Fawehinmi.

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Education

JAMB Warns Candidates Against Infractions in 2026 UTME Registration

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By Onyeanya Ebere Immaculata

The Joint Admissions and Matriculation Board (JAMB) has warned that candidates who violate registration rules or breach the attestation signed during the ongoing 2026 Unified Tertiary Matriculation Examination (UTME), registration will face severe sanctions.

JAMB Registrar, Prof. Ishaq Oloyede, issued the warning on Monday as the registration entered its third week.

He said offenders could be barred from sitting for the UTME for up to three years, adding that the names of defaulters may be published in national newspapers and forwarded to other public examination bodies.

Oloyede also disclosed that candidates involved in serious offences could be handed over to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), or the Police for prosecution.

JAMB said the measures are aimed at protecting the integrity of the examination process and ensuring fairness for all candidates.

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