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Hardship: Benue ex Commissioner, Olofu launches N50m education fund for Idoma students (Photos)
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Former Commissioner for Finance in Benue State, Dr. David Olofu, has launched a N50m Education Support Fund, to carter for the hardship being faced by Idoma students in tertiary institutions across the 9 Local Government Areas of Benue South.
Olofu, who was the Chairman of the Forum of Commissioners for Finance in Nigeria, and current Senior Technical Advisor to the Nigerian Governors’ Forum, said the initiative was to support the President Bola Ahmed Tinubu led administration’s resolve to provide succours to the students.
Olofu was initially nominated by the Idoma Area Traditional Council for a chieftaincy title in Otukpo, but barely 48 hours to the event, he was allegedly delisted, on the order of the Governor Hycient Alia. No official statement from the Governor’s media team yet.
But Olofu, at a press conference in Otukpo, Benue State on Friday, said he had put that behind him, saying, he would rather use the funds raised for the reception of the event, to put smiles on the faces of Idoma students.
“As you are aware, in the last couple of days, I was scheduled to be conferred with the chieftaincy title by the revered Idoma Area Traditional Council.
“And when I got the notification from his Royal Majesty, the Och’Idoma, I informed all my friends and associates, my political party and also constituted the central planning committee to make sure that we have a successful confirmation ceremony.
“Less than 48 hours to the event, I got notification that, that will no longer be the case. In the meantime, my friends, colleagues and associates had supported me to make sure that this event was held hedge free.
“I have to some extent, utilized the support that was provided, but I did not exhaust what was provided and I felt that, given that, that provision had been made by them, I reached out to them and we came to a conclusion that I should apply the balance of what has been contributed to support my people in any way possible, and in consultation with my constituency and my leaders across party lines.
“Let me also mention that, this contribution that I have mentioned came in from all over the federation, across party lines. Both people who are in PDP, APC, APGA and Labour, contributed to this event to identify with the honor that was going to be bestowed on me by His Royal Majesty, the Och’idoma.
“You may recall, I served as the chairman of the Forum of Commissioners of Finance of Nigeria, and currently serving as Senior Technical Advisor to Nigerian Governors’ Forum.
“So, the support came across board and from all over the federation. And after consultation with my leaders, we decided that we apply what is left from the support that I have received to support Idoma students in higher institutions, by way of what I refer to as Education Support Fund.
“So today, by the grace of God, we are using what has been contributed by my colleagues, friends and associates, to set up an Education Support Fund, under the umbrella of Apa Legacy Sustainability Initiative.
“And we have a window of about 50 million, with an initial inflow of about 20 million and a projection of 10 million per year, to reach out to all the students that will qualify for this intervention”, Olofu said.
He recounted how he resorted to serving as a waiter in restaurants during his days at the University of Agriculture, Makurdi, just to meet up with his education funding; adding that, he fought the temptations to quit schooling and saw himself to the graduation.
In naming the Board of Trustees of the Education Support Fund, Olofu said, “We consulted widely and we came to a conclusion that our brother, our leader and our son, who is currently serving as a senior lecturer at the Federal University Wukari; our own brother, Professor David Salifu, a former SSG to serve as the chairman of the Board of Trustees that will administer this fund.
“Let me emphasize that, this fund will devoid of political affiliations and to work with him in that team, we have also recognized that we bring on board the National Association of Idoma Students (NAIS).
“We also recognized the need to have a representative of the Idoma Area Traditional Council and also a representative of civil society on that team and to provide secretarial services, we have also nominated Honourable Owoicho Oyi, the former chairman of Apa Local Government, to serve in that capacity”.
The Board chairman, Prof. Salifu in his acceptance message, described the project as laudable and enjoined other Idoma sons and daughters to emulate the initiator of the project, Dr. Olofu.
“I accept my appointment to chair the Board of the Education Support Fund initiated by my younger brother, the immediate past Benue Finance Commissioner, Dr. David Olofu. I am totally committed to the goal of the Foundation and I call us to make ourselves available as the blocks to building this initiative to its logical conclusion”.
The President of NAIS, Comrade Vincent Odebugu expressed his gratitude to Dr. Olofu, for his charity towards the Idoma students, despite the situation of things.
He said, “I stand here today in appreciation and in commendation to Hon. David Olofu, for this charitable act towards the Idoma nation, of a truth, you have experienced what it takes to pass through the four walls of the university, having a track record of facing challenges while on campus. These are the challenges we leaders of the association are facing and we are handicapped by not being able to render solutions.”
In their separate remarks, a Chieftain of the People’s Democratic Party (PDP), Hon. Chris Adaba Abba, and Comrade Joe Ochogwu, National President of NAIS in 1995, lauded the gesture of Dr. Olofu, urging other Idoma leaders to emulate him.
The duo acknowledged that, others would have retired home and be murmuring about the delisting, saying, anything done to support Nigerian students at this critical time, is godly and of great virtue.
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NUT suspends strike, directs Oyo teachers to resume Thursday
The Nigeria Union of Teachers (NUT) has suspended its industrial action across public primary and secondary schools in Oyo State, directing members to resume work on Thursday, July 2, 2026.
The decision followed fresh engagements with the Oyo State government and assurances on measures to improve security after the abduction of teachers and learners in Oriire Local Government Area.
In a statement jointly signed by the Oyo State Chairman of the union, Comrade Hassan Ajibola Fatai, and the State Secretary, Comrade Olukayode Salami, the union said the suspension was approved by its national leadership after reviewing the prevailing security situation and considering appeals by the state government and other stakeholders.
According to the statement, the strike, which was declared in protest against the kidnapping of teachers and students in the Oriire Local Government Area, was suspended in the interest of teachers, learners, and the general public.
“The Nigeria Union of Teachers hereby directs all public primary and secondary school teachers in Oyo State to resume official duties on Thursday, July 2, 2026,” the statement read.
The union said the state government had assured it of sustained efforts to secure the safe release of the abducted victims while strengthening security around schools and vulnerable communities across the state.
It noted that the government had committed to intensified rescue operations for the abducted teachers and learners, the establishment of a well-equipped Joint Security Task Force to patrol vulnerable schools and access roads, continuous engagement with affected families, psychosocial support and rehabilitation for rescued victims, and payment of gratuities and other entitlements to the families of deceased teachers.
Other commitments, according to the union, include strengthening the Safe School Initiative through public sensitisation and improved early warning systems, enhancing emergency response mechanisms, dismantling criminal hideouts, upgrading school infrastructure, tackling illegal mining and open grazing in forest reserves, improving community intelligence gathering, ensuring the speedy prosecution of criminal suspects, improving the welfare of security personnel, and deploying technology to improve school security.
The union commended its members for their discipline and solidarity throughout the industrial action while also appreciating the support of the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) and the Association of Primary School Head Teachers of Nigeria (AOPSHON).
“We sincerely appreciate all our members, ANCOPSS, AOPSHON, and other stakeholders for their discipline, solidarity, and unwavering support during this period. Your cooperation has once again demonstrated our collective commitment to the welfare and safety of teachers and learners,” the statement added.
While directing teachers to return to the classroom, the union urged members to remain vigilant and report any security threats to the appropriate authorities.
“We urge all teachers to remain vigilant, law-abiding and promptly report any suspicious activities or security threats within their schools and communities to the relevant authorities. Together, we can build safer schools for our children and educators,” it stated.
The union reaffirmed its commitment to protecting the welfare and security of teachers, saying it would continue to engage the government until all outstanding concerns regarding the safety of teachers and learners are fully addressed.
“Our resolve to safeguard the lives, welfare and dignity of teachers remains unwavering. We shall continue constructive engagement with the government until every concern relating to the security of our members and learners is adequately addressed,” the statement said.
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Citizen Patience and Collaborative Efforts: A Pathway to Greatness for Tinubu’s Government, By Hajia Hansatu Zannah*
Nation-building is never the sole responsibility of government; it is a shared endeavor that requires the active participation, patience, and collaboration of citizens. In Nigeria today, President Bola Ahmed Tinubu’s administration faces the daunting task of steering the country toward economic stability, social cohesion, and sustainable development. While policies and reforms are critical, their success ultimately depends on the willingness of citizens to remain patient and supportive during the often difficult process of implementation.
Transformational leadership demands bold decisions—structural reforms, economic adjustments, and institutional restructuring—that may not yield immediate results. In such circumstances, patience becomes a vital national asset. By resisting the urge for instant gratification and allowing time for reforms to mature, Nigerians can help create an environment where government initiatives are given the opportunity to succeed.
Every nation, regardless of its stage of development, grapples with challenges—economic struggles, political transitions, social tensions, and infrastructural gaps. These realities test the resilience of both leaders and citizens. In moments of strain, the attitude of the people toward their country becomes a powerful determinant of progress. Constructive criticism is healthy and necessary for accountability, but outright condemnation and vitriolic attacks against one’s nation can be deeply counterproductive.
Words shape perception, and perception influences reality. When citizens consistently speak negatively about their country, they reinforce hopelessness and despair. This weakens national morale and discourages foreign investors, partners, and allies who rely on the confidence of citizens as a measure of stability. By contrast, balanced and solution-oriented dialogue strengthens Nigeria’s image and inspires collective action.
Collaboration, however, goes beyond compliance—it requires active engagement. Citizens can contribute meaningfully to nation-building by supporting reforms through constructive dialogue rather than resistance, participating in civic duties such as voting, community service, and public consultations. These actions serve as catalysts for greater national progress. At the same time, holding leaders accountable in a respectful and lawful manner is essential. While harsh and divisive criticism may be insidious, patriotism calls for promoting unity across ethnic, religious, and political divides to strengthen national cohesion.
If citizens embrace patience and collaboration, Tinubu’s government stands a better chance of achieving greatness. Economic reforms can stabilize markets, infrastructural projects can transform communities, and social policies can uplift vulnerable populations. Greatness, in this context, is not merely about political success but about building a Nigeria where prosperity, justice, and peace are attainable for all.
Citizens are not passive observers; they are active participants in governance. By engaging in respectful dialogue, supporting reforms, and holding leaders accountable through lawful means, they contribute to the nation’s growth. Patriotism does not mean blind loyalty—it means believing in the possibility of progress and working toward it.
A nation is like a family; disagreements are inevitable, but condemnation destroys trust. Citizens must rise above destructive criticism and embrace constructive engagement. By doing so, they preserve the dignity of their country and create an atmosphere where greatness can flourish. The path to national transformation lies not in tearing down but in building up—through patience, collaboration, and unwavering belief in Nigeria’s future.
The greatness of any government is measured not only by the vision of its leaders but also by the resilience and cooperation of its people. For Tinubu’s administration, citizen patience and collaborative effort are indispensable. Together, government and citizens can write a new chapter in Nigeria’s history—one defined by progress, unity, and enduring impact.
*Hajia Hansatu Zannah is a distinguished member of the Governing Council of the African Union Agenda 2063 and Ambassador Plenipotentiary. She is also the widow of the late Zannah Umar Mustapha, former Deputy Governor of Borno State.*
News
CBN revokes licences of 46 Microfinance Banks over failure to satisfy regulatory requirements
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operation.
The decision takes effect from Wednesday, July 1, 2026, according to a statement issued by the Acting Director of the CBN’s Corporate Communications Department, Hakama Sidi-Ali. The apex bank said the action was taken in line with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020, and was approved by the CBN Governor, Olayemi Cardoso.
According to the CBN, the affected institutions lost their licences after failing to satisfy the conditions required to remain licensed financial institutions.
The bank explained that the revocation was based on one or more regulatory infractions, including insufficient assets to meet liabilities, shutting down operations without obtaining CBN approval, prolonged inactivity and cessation of financial intermediation, failure to commence business within 12 months after receiving a licence, and failure to maintain the minimum capital requirements without impairment from accumulated losses.
The CBN described the move as part of its ongoing efforts to strengthen the nation’s financial system and ensure that all licensed financial institutions operate in compliance with existing laws and prudential regulations.
“The revocation of the licences is part of the Bank’s ongoing efforts to safeguard the stability of the financial sector, protect depositors, and ensure that licensed institutions comply with current laws and regulatory requirements,” the statement said.
The apex bank reiterated its commitment to maintaining a safe, sound and resilient financial system, stressing that it would continue to take appropriate supervisory and regulatory measures where necessary to sustain public confidence in Nigeria’s banking sector.
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