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Just In : Tinubu signs student loan bill into law

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President Bola Tinubu has signed Student loan Bill into law.

This development follows individual reviews by both the Senate and the House of Representatives of the report from the Committee on Tertiary Institutions and TETFund.

What is the student loan bill in Nigeria?
The Bill sponsored by Senator representing Ekiti Central Senatorial District of Ekiti State, Bamidele Opeyemi aims to improve the execution of the Higher Education Student Loan Scheme in Nigeria by tackling issues related to the management structure of the Nigerian Education Loan Fund, applicant eligibility criteria, loan purposes, funding sources, and procedures for disbursement and repayment.

How does the student loan works in Nigeria?
Under this Bill, the Nigerian Education Loan Fund (NELFUND) would be established as a legal entity with the authority to litigate and be litigated in its own name, and it would possess the power to acquire, hold, and dispose of both movable and immovable property to fulfill its functions.

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In essence, the Bill enables the Fund to offer loans to eligible Nigerians for their tuition, fees, charges, and living expenses while studying in approved tertiary institutions and vocational training centers in Nigeria.

In contrast to the previous 2023 Act, which placed the Fund’s administration under a Special Committee chaired by the Governor of the Central Bank of Nigeria, this Bill proposes changes in the management structure.

What are the terms and conditions for student loan in Nigeria?
Furthermore, the Bill eliminates the income-based eligibility criterion set by the existing law, which required an annual income of less than N500,000 for applicants or their families.

The Bill also broadens the scope of eligibility, allowing students from federally or state-established tertiary institutions and government-approved vocational institutions to apply, with specific criteria to be determined by the Fund.

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Additionally, unlike the 2023 Act, which limited loan applications solely to tuition fees, the new Bill permits applicants to request loans to cover various institutional charges and maintenance allowances.

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SAD! Florida Pizza Delivery Driver Nabbed for St*bbing Pregnant Woman Over $2 Tip

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A Florida pizza delivery driver has been arrested after allegedly st**bing a pregnant woman multiple times in front of her young daughter due to dissatisfaction with a tip.

According to the Osceola County Sheriff’s Office, 22-year-old Brianna Alvelo from Kissimmee faces charges of attempted m+rder, kidn+pping, home invasion, and aggravated a$$ault after the incident at a motel on Monday night. New reports indicate she is now also charged with m+rder.

The victim, her boyfriend, and her 5-year-old daughter were celebrating the boyfriend’s birthday in their motel room when they ordered from a Marco’s Pizza. Upon delivery of their $33.10 order, the victim attempted to pay with a $50 bill but was told by Alvelo that no change was available. After searching for smaller bills, the victim eventually paid and left a $2 tip, which Alvelo reportedly accepted with visible displeasure before leaving.

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Later that night, Alvelo allegedly returned to the motel with an unidentified male accomplice, who was armed with a g+n. The pair forced their way into the room, with the man holding the victim and her daughter at g**point. He then forced the boyfriend into the bathroom, d£§troyed his phone, and stood guard while Alvelo searched the room.

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Authorities say Alvelo, armed with a knife, then att**ked the victim, st**bing her 14 times before her accomplice intervened, telling her it was time to leave. The victim, who underwent surgery for a punctured lung, learned at the hospital that she was in the early stages of pregnancy.

The victim is now in stable condition, while Alvelo remains in the Osceola County jail without bond.

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Compensate families of those who died in stampede — Falana to FG

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Human rights activist and lawyer Femi Falana has urged the Federal Government to compensate the families of those involved in the recent stampedes in parts of the country.

Falana stated this on Friday in Akure during a programme organised by the Ondo State Government, tagged Akeredolu Leadership Lecture Series, in honour of the late governor.

The lawyer blamed the Nigeria Police for the recent stampedes in Ibadan, Anambra and Abuja, where over 65 people died in the process of collecting palliatives.

According to him, the police failed to adequately protect people during the gatherings.

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“It was failure of security; it’s not poverty that caused all the loss of lives.

“If there is any process or gathering, they, the police, shall provide security,” the lawyer said.

Falana said that Ondo State has become a reference point for states in the country by ensuring peace in its domain through the creation of the Ondo State Security Network, codenamed Amotekun, by Akeredolu.

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Nigeria has no military pact with France, says Ribadu

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The National Security Adviser, Nuhu Ribadu, has refuted claims that Nigeria was involved in any military cooperation with France.

According to him, the country’s relationship with the European nation was strictly economic.

Ribadu spoke during an interview with BBC Hausa, monitored by our correspondents on Friday.

Ribadu’s comment followed an allegation made by Niger’s military junta leader, Gen. Abdourahmane Tchiani, who accused Nigeria of allowing France to use its territory as a staging ground for destabilising Niger.

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Speaking during the interview, Ribadun dismissed the allegation, describing it as baseless and implausible, saying it was an attempt to strain relations between the two nations.

Ribadu said it was unreasonable for Nigeria to sever ties with France over Niger’s internal disputes.

He said, “Nigeria has no history of hosting foreign military bases. Even our former colonizer, the United Kingdom, has never established a base here. We have consistently resisted such attempts, including from the United States.

“In contrast, Niger has hosted foreign bases, including one by the U.S., which they recently expelled. Our relationship with France has always been about economic cooperation, not military collaboration. While Niger’s leadership may have issues with France, it is unreasonable to expect Nigeria to sever ties with France over Niger’s internal disputes.

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“Once again, I emphasise that Nigeria’s relationship with France is strictly economic and has no military implications. We will not allow our country to be used as a tool for destabilising Niger. We hope that Niger’s leadership will understand this and work with us as allies and brothers to ensure peace and stability in the region.”

Ribadu said Nigeria was committed to peaceful coexistence with its neighbours, citing long-standing amicable relations with countries like Chad, Benin Republic, and Cameroon.

“Nigeria has no intention of sabotaging or destabilising Niger. We have always maintained peaceful relations with our neighbours, including Cameroon, Benin Republic, and Chad. Why would we suddenly have a reason to be in conflict with Niger? It simply doesn’t make sense,” NSA said.

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