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ICPC Probes N71.2bn Discrepancy In Student Loan Disbursement

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The Independent Corrupt Practices and Other Related Offences Commission has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund.

The National Orientation Agency had alleged that certain schools, working together with some banks, have purposely delayed payments to students who qualified for loans so they could make money off the situation.

This was followed by a media report which alleged that some institutions made unauthorized deductions ranging from N3,500 to N30,000 from each student’s institutional fees received through the loan fund.

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In a statement on Thursday by the ICPC spokesman, Demola Bakare, the commission stated that its Chairman’s Special Task Force immediately commenced investigations upon receiving the allegations.

He noted that the anti-graft agency preliminary findings revealed that while the Federal Government had reportedly released N100 billion for the scheme, only N28.8 billion was disbursed to students, leaving a massive unaccounted sum of N71.2 billion.

READ ALSO: ICPC Arrests NSCDC Deputy Commandant Over Alleged Corruption

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The statement read, “The ICPC has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the NELFUND.

“This action follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the NELFUND scheme.

“These institutions were alleged to have made unauthorized deductions ranging from N3,500 to N30,000 from each student’s institutional fees received through the loan fund.

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“Preliminary findings revealed a significant gap in the financial records of the disbursement process. While the Federal Government reportedly released N100 billion for the scheme, only N28.8 billion was disbursed to students, leaving an unaccounted sum of N71.2 billion.

“The Commission confirmed that its Chairman’s Special Task Force immediately swung into action upon receiving the report.”

READ ALSO:ICPC Interrogates CBN Officials, Others Over $3.4bn COVID-19 Loan

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Bakare noted that in the course of further investigations, the ICPC discovered that a total of N203.8 billion was received by NELFUND.

Out of this amount, Bakare said, N44,200,933,649.00 had been disbursed.

This implies that approximately N159.6 billion remains. However, the ICPC did not explicitly state that this amount is missing.
When contacted on this, Bakare promised to revert, but he has yet to do so as of the time of filing the report.

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Nonetheless, in the statement Bakare confirmed that a clear case of discrepancies has been established in the administration of the student loan scheme.

Bakare said, “Letters of investigation and invitations were dispatched to key stakeholders, including the Director General of the Budget Office, the Accountant General of the Federation, and senior officials from the Central Bank of Nigeria.

READ ALSO: Court Affirms ICPC’s Power To Prosecute Delta Govt Officials

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“Additionally, the Chief Executive Officer and Executive Director of NELFUND were invited to provide documentation and explanations relevant to the case. According to the Commission, the responses received were critically analyzed, and interviews were conducted with the concerned individuals.

“According to the ICPC, its strength of investigation revealed that the total money received by NELFUND as of March 19, 2023, was N203.8 billion. The breakdown showed that N10 Billion was an allocation from the Federation Allocation Account Committee, N50 billion was from the Economic and Financial Crimes Commission, N71.9B was from the Tertiary Education Trust Fund, while another N71.9 billion was also from the same Tertiary Education Trust Fund.

“ICPC, however, found that the total amount disbursed to institutions from inception to date is about
N44,200,933,649.00, while a total of 299 institutions have benefited from the funds released. To date, the total amount disbursed to 299 beneficiary institutions stands at approximately N44.2 billion, with 293,178 students having benefited from the fund.

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“The ICPC confirmed that a clear case of discrepancies has been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients, ” the statement added.

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Edo SSG Calls On Media To Support Govt Policies, Assures Better Welfare

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L-R: Government House Public Relations Officer (PRO); Chief Press Secretary to Governor Monday Okpebholo, Patrick Ebojele, Ph.D; Secretary to Edo State Government, Musa Ikhilor; Special Adviser to Governor Monday Okpebholo, Mr. Paul Ezewon during the courtesy visit.

The Secretary to the Edo State Government (SSG), Umar Musa Ikhilor, has called on members of the media to continue to support government policies and programmes through objective, professional and balanced reportage, describing them as critical stakeholders in governance.

Ikhilor made the call while receiving members of the Governor’s Press Crew, Edo State Government House, led by the Chief Press Secretary, Ebojele Akhere Patrick, PhD, who paid him a courtesy visit in his office as part of the season’s greetings.

Responding, Ikhilor expressed gratitude for the gesture, noting that it was thoughtful and symbolic.

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According to him, the media plays an indispensable role in governance and public accountability.

He said, “Whatever it is that we do, it still will not matter much if we do not have you guys to be our eyes and our ears to report some of those things so that Edo people will be aware and people globally will be aware, and that is where you come in very important.”

READ ALSO:Edo Assembly Declares Okpebholo’s Projects Unprecedented

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The SSG further emphasized the strategic role of journalists, describing them as the fourth estate of the realm.

Ikhilor stated, “Because without the press, the government is blind, deaf and dumb. You are the ones we can see with and you are the ones we can hear with and talk with as well. So we consider you very critical stakeholders in the affairs of governance. That is the sincere sentiment of the government,”

He acknowledged the challenges faced by the media, particularly poor working conditions, and assured that the government was aware and already taking steps to address them.

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He said, “Your working conditions have not been the best one would have expected. These are some of the things we have made recommendations to His Excellency the Governor, and he has promised from next year, after this budget by January, with a new budget that is coming, there will be something substantial to cater for the media.”

READ ALSO:JUST IN: Okpebholo Assigns Portfolios To Commissioners, Makes Major Reshuffle 

Explaining the initial constraints of the administration, Ikhilor noted that spending was limited by budgetary provisions inherited at the time the government assumed office.

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He explained, “When we came in, we met a budget already prepared. We just tried and tinkered with it to pass it as at then November–December. Once you don’t have an appropriation, you can’t spend. That would be a criminal offence,”

The SSG urged journalists to remain professional and committed to truth, regardless of circumstances.

He said, “Your responsibility as a journalist, your first training, your first duty, is the pursuit of truth wherever you find it. Reporting should not be based on a special relationship. Professionalism actually means you are consistent and you deliver, whether the day is good or the day is bad.”

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He encouraged the media to continue to support government policies and programmes through accurate and diligent reporting, stressing the importance of teamwork in effective communication.

Commending the press crew, Ikhilor added, “I have seen exceptional reports from a lot of reporters here. Our camera men have done very well in terms of proper coverage. Everybody needs to work together as a team for the story to come alive and for the story to be complete.”

Earlier, while presenting a gift on behalf of the team to the SSG in appreciation of his leadership and support, the Chief Press Secretary, Ebojele Akhere Patrick, PhD, said, “In the spirit of the season, I present this to you on behalf of the Governor’s Press Crew in appreciation of your effort as the engine room of government.”

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Forest Reserve: Okpebholo Broker Peace Between Host Communities, Investors

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Governor Monday Okpebholo of Edo state on Wednesday brokered peace between host communities and investors on the use of government forest reserve land for agricultural purposes and investors.

The governor, who was represented by his deputy, Hon Dennis Idahosa, appealed to the various stakeholders to always tow the line of peace at all times

Okpebholo noted that by virtue of the Land Use Act, the land in dispute belongs to the Edo state government.

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The governor blamed activities of the previous administration of the state for the hostility between the investors and the host communities over the land that spreads across Ovia South West and Ovia North East Local Government Areas.

He accused the previous administration of arbitrarily allocating the said forest reserve to investors to without due consultation with host communities of Iguomon, Egbetta and Usen.

READ ALSO:Okpebholo Pledges To Clear Inherited Salary Arrears, Gratuities At AAU

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He stated that the meeting with stakeholders became expedient in order to straighten out facts and restrategize.

We had three investors that want to invest in oil palm production in the council areas, which is in line with the vision of Governor Monday Okpebholo to turn the state into investment heaven.

“Today, we met with the critical stakeholders of Ovia South West and Ovia North East to ensure all interests are captured.

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“The investors were here, the community leaders, led by the Elawure of Usen, Oba Wilson Oluogbe II, and Palace Chiefs all came.

“Initially, a 5 percent buffer was proposed by the previous administration, but based on the conversation we had today, the investors agreed to increase to 10 percent.

READ ALSO:Okpebholo Removes Itua As Chief Press Secretary

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Haven put into consideration that Ovia is an agrarian area, with 80 percent of people relying on subsistence farming for survival,” he stated.

Okpebholo maintained that part of the resolution involved the raising of a memorandum of understanding (MoU) by investors with their host communities to keep all parties involved in decision making.

IHe declared, “Our administration is people oriented. The interest of investors are paramount to us as well as the interest of our people.”

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The Secretary to the Edo State Government (SSG), Musa Ikhilor stated that before the said land allocation to investors, the previous administration was supposed to have carried out diligent studies and a NEEDS assessment in relations to the communities.

He said basic steps ought to have been followed, such as meetings with Community Development Associations (CDA) with agreements reached on community development.

READ ALSO:IYC Expresses Displeasure Over Okpebholo’s Neglect Of Edo Ijaw

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Historically, Ikhilor said Usen community started as a farm stead hence the need to carry such a community along in decision making on issues that affect their means of livelihood.

He further encouraged investors to engage in Corporate Social rlResponsibility (CSR) acts as well as put in place activities that promote job creation and general welfare of their host.

The Elawure of Usen, Oba Wilson Oluogbe II praised the Edo State Government for its intervention.

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He appealed for communities to be carried along when critical decisions are being made, especially on issues that affect their livelihood.

The investors, included: Nimbel Shaw Limited; Professional Support Farms Limited and Steve Integrated Limited, commended Edo state government for the peaceful resolution of the matter.

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Trump Places Nigeria, 14 Others On Partial Travel Restrictions To US

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The United States has partially suspended the issuance of immigrant and non-immigrant visas to Nigeria and 14 other countries, citing concerns on radical Islamic terrorist groups such as Boko Haram and the Islamic State operating freely in certain parts of the West African country.

Specifically, the classes of visas affected include the B-1, B-2, B-1/B-2, F, M, and J Visas.

President Donald J. Trump, on Monday, signed a proclamation expanding and strengthening entry restrictions on nationals from countries with demonstrated, persistent, and severe deficiencies in screening, vetting, and information-sharing to protect the country from national security and public safety threats.

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The United States also cited the Overstay Report, noting that Nigeria had a B-1/B-2 visa overstay rate of 5.56 per cent and an F, M, and J visa overstay rate of 11.90 per cent.

READ ALSO:Trump Using FBI To ‘Intimidate’ Congress, US Lawmakers Cry Out

The Proclamation includes exceptions for lawful permanent residents, existing visa holders, certain visa categories like athletes and diplomats, and individuals whose entry serves U.S. national interests. It narrows broad family-based immigrant visa carve-outs that carry demonstrated fraud risks, while preserving case-by-case waivers.

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While the proclamation continues the full restrictions and entry limitations of nationals from the original 12 high-risk countries established under Proclamation 10949: Afghanistan, Burma, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen, it adds full restrictions and entry limitations on 5 additional countries based on recent analysis: Burkina Faso, Mali, Niger, South Sudan, and Syria.

On October 31, the U.S. President Trump redesignated Nigeria as a “Country of Particular Concern (CPC)” for the persecution of Christians by violent Islamic groups.

In a Truth Social post, Trump hinted that the US will immediately stop all aid and assistance to Nigeria and may very well go into the country, “guns-a-blazing,” and that the military intervention “will be fast, vicious, and sweet, just like the terrorist thugs attack our cherished Christians.

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In his first term, President Trump imposed travel restrictions that restricted entry from several countries with inadequate vetting processes or that posed significant security risks.

READ ALSO:Trump Blasts Ukraine For ‘Zero Gratitude’ Amid Talks To Halt War

The Supreme Court upheld the travel restrictions put in place in the prior Administration, ruling that it “is squarely within the scope of Presidential authority” and noting that it is “expressly premised on legitimate purposes”—namely, “preventing entry of nationals who cannot be adequately vetted and inducing other nations to improve their practices.”

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Trump in recent weeks has used increasingly loaded languages in denouncing African-origin immigrants.

At a rally last week he said that the United States was only taking people from “shithole countries” and instead should seek immigrants from Norway and Sweden.

In June 2025, President Trump restored the travel restrictions from his first term, incorporating an updated assessment of current global screening, vetting, and security risks.

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