The University of Benin has unveiled a N100 billion Trust Development Fund (TDF) aimed at serving as an alternative source of funding for the institution.

Speaking at the unveiling of the Fund’s web portal, the Vice-Chancellor of the university, Professor Edoba Omoregie, said the UNIBEN TDF was conceived to bridge infrastructure gaps in the institution.

According to Omoregie, he was inspired by a similar initiative undertaken by University of Oxford about 30 years ago.

He explained that upon his return to the university after seven years away, he was confronted with dilapidated infrastructure across the institution’s two campuses, a situation which, according to him, made it obvious that the university needed additional funding beyond government allocations and its Internally Generated Revenue (IGR).

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The Vice-Chancellor said: “When I took office as Vice-Chancellor, I told myself that the first task was to visit the hostels. I went to all the hostels here in Ugbowo and also on the Ekehuan campus. I also visited some of the academic facilities and, for someone who had been away from the university for about seven years, I did not know the facilities had decayed so rapidly.

“I was deeply concerned. I also looked at the books of the university and saw that its finances were in a shambolic state. We could barely pay the electricity bill; the university was disconnected from the public power supply for three months. There was student unrest, and I was in Abuja at the time, watching from afar and weeping inwardly over what was happening to our university.”

He said he immediately began researching ways the university could access alternative sources of funding, while also taking steps to eliminate waste.

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In his remarks, the Chairman of the Board of Trustees, Osagie Ize-Iyamu, disclosed that the formal launch of the N100 billion fund would take place on July 4, 2026.

He said the Fund would pursue strategic partnerships and sustainable development models through grants, Public-Private Partnerships (PPP), Build-Own-Operate-and-Transfer (BOOT) frameworks, endowment structures, and global institutional collaborations.

“Through these initiatives, we envision the renewal and expansion of critical infrastructure, including ultra-modern sports facilities, students’ hostels, hotels, innovation hubs, and agro-industrial development projects,” he said.

There was a gun battle in a forest in Oyo State on Wednesday after operatives of the Nigeria Police Force disrupted an alleged ₦10 million ransom collection operation by a suspected kidnapping gang in Otefon Village Forest, Atiba Local Government Area.

The operation, carried out by the Oyo State Police Command in collaboration with the Vigilante Group of Nigeria (VGN), led to the arrest of one suspect while other members of the gang escaped with suspected gunshot injuries.

According to a statement issued by the Command, on Thursday, credible intelligence was received in the early hours of 13 May 2026 that suspected kidnappers had gathered in the forest to receive ransom for a victim they had abducted earlier.

Acting on the intelligence, the Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbemiga, directed operatives of the Anti-Kidnapping Squad (AKS) in the Oyo/Iseyin axis, alongside local security operatives, to storm the area and intercept the suspects.

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Preliminary investigation showed that the gang of about six armed men had, on 9 May 2026, invaded the residence of one Alhaji Bagudu in Ilowa Village, Atiba Local Government Area, and abducted him, demanding ₦10 million as ransom.

The police said operatives first ensured the safe release of the victim before advancing towards the suspected ransom collection point to apprehend the criminals.

However, upon sighting the advancing security team, the suspects opened fire, triggering a gun duel in the forest. The exchange forced the gang to flee into surrounding bushes with suspected gunshot wounds.

One of the suspects, identified as Mohammed Sanni, was arrested at the scene.

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Items recovered include a motorcycle, a mobile phone, a pair of slippers and a cap, all of which are currently undergoing forensic examination.

The Command said the arrested suspect had already made useful confessional statements, while efforts were ongoing to track down other fleeing members of the gang.

Residents were urged to remain vigilant and report individuals with suspicious injuries or movements to the nearest police formation.

The Commissioner of Police commended the operatives and their collaborators for the successful operation and reaffirmed the Command’s commitment to sustained action against kidnapping and violent crimes across the state.

(GUARDIAN)

The Presidential Amnesty Programme, on Thursday, sent an additional batch of 15 foreign scholarship beneficiaries for post-graduate studies in the United Kingdom.

In a statement, Mr Igoniko Oduma,
Special Assistant on Media to the Administrator said the scholars will undertake master’s degree programmes in biomedical science, oil & gas engineering, data science, cyber security, software engineering, automotive engineering, communication culture and media, among others.

Speaking at the pre-departure briefing for the beneficiaries held at the agency’s headquarters in Abuja, the first leg of May 2026 deployments, the PAP Administrator, Dr Dennis Brutu Otuaro, said that many of them merited the scholarship because they made a first-class grade in their first degree programmes.

At the event, each of the scholars was given a laptop to enhance their academic studies.

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Dr Otuaro attributed the huge number of onshore and offshore scholarship deployments, and the successes recorded by the PAP, to the strong backing of President Bola Tinubu as well as the efficient supervision by the National Security Adviser, Mallam Nuhu Ribadu.

He said that he was unapologetic over the large-scale deployments, stressing that the decision was hinged on the Renewed Hope Agenda of President Tinubu, who is truly interested in the peace and development of the Niger Delta.

According to him, the programme is building a better future for the Niger Delta as the scholarship beneficiaries will play critical roles in the advancement of the region’s development, sustainable peace and stability.

He urged them to always remember that they were sent for studies, and should be good ambassadors of Nigeria and the Niger Delta while in the UK.

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The PAP boss, while addressing the scholars, said, “All the scholarship deployments and the monumental successes we have achieved are as a result of the strong support of President Bola Ahmed Tinubu, and the efficient supervision by the Office of the National Security Adviser.

“Be good ambassadors of Nigeria while in the United Kingdom, and don’t disappoint Nigeria and the Niger Delta. Do your best and return home after your studies to join hands in advancing peace and development in our communities.

“That is why we are making this effort; we are preparing you for tomorrow, so that you will be part of the process of our development and sustainable peace and stability in the Niger Delta. We are building a civilized, polite, educated and patriotic generation. Use this opportunity very well.

READ ALSO:PAP Begins Second Phase Distribution Of Laptops To Scholarship Beneficiaries

“I am unapologetic about the large number of scholarships that we are giving to young Niger Deltans for studies within and outside the country. I believe that we are doing the best for tomorrow and there is no regret about it.”

Earlier in a presentation, the Head of Education, PAP, Dr Charles Ariye, had shared essential tips with the beneficiaries to guide them in their academic journey in the UK.

Speaking on behalf of the batch, Ikiere Victor, who is deployed for a master’s degree in mechanical engineering at Coventry University, expressed appreciation to the Federal Government, President Tinubu and the PAP Administrator for the opportunity given to them, pledging that they would be good ambassadors of the nation.