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Tinubu Knocks Critics Over Student Loan Scheme

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President Bola Tinubu has knocked scholars and critics of the student loan scheme introduced by his administration, saying that the scheme would be pursued with all intent in the interest of Nigerian students.

The president noted that the student loan scheme was introduced to give equal access to quality education by the students, especially the vulnerable ones towards competing with their counterparts across the world.

Tinubu who spoke at the weekend during the eighth convocation ceremony of the Federal University, Oye-Ekiti (FUOYE) expressed displeasure to critics of the scheme, calling on them to offer advice and suggestions on how to improve it.

The high point of the ceremony was the conferment of honourary degree of the university on the senate leader, Senator Opeyemi Bamidele (Doctor of Public Law); Chairman, Senate Committee on Appropriations, Senator Solomon Adeola( Doctor of Accounting) and the Chairman House of Representatives committee on Navy, Yusuf Gadji (Doctor of Political Science)

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Represented by the deputy senate president, Senator Jibril Barau, the president said education remains a crucial aspect of his agenda for the socio-economic development of the country, assuring stakeholders that his administration would ensure, “ education is accessible by all willing Nigerians through pragmatic funding and realistic policies.”

“ Student loan schemes are not rocket science initiatives, they are designed to grant access to all who are willing and who know the value of education in a way to take the burden off numerous individuals and communities who may have been intervening painfully in sending their wards to school.

“ I expect that scholars would advise the government by calling our attention to how best this could be managed in their respective institutions, rather than cast aspersions on the idea.

“ By the grace of the Almighty God, there is no going back on the student loan scheme because we are not ready to compromise good standards in education.”

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He encouraged FUOYE and other institutions in the country to be above board in contributing to the development of the country with cutting-edge research and embrace the realities of a twenty-first century where technology is taking the lead.

“ Institutions of higher learning must recognize the next possible disruptions that technology may bring and must be properly positioned to mitigate the challenges and must from time to time take charge of innovations.

“ Without education playing this catalytic role, not much development can be recorded in any nation in this century. Universities in particular should be the vanguard of research, teaching, and community service in line with the tripartite mandate,” Tinubu said.

On his part, the chancellor of FUOYE, the Attah of Igala land, Dr Mattew Opaluwa said the Vice-chancellor, Professor Abayomi Fasina since his assumption in 2021, and his team, “ have brought exemplary leadership, innovation, transparency and a spirit of welfarism to advance the visions of the founding fathers.

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On the challenges of funding, the chancellor called on stakeholders, especially private individuals to support the N50 billion endowment fund of the university,” to reposition FUOYE in its statutory role of providing a bedrock for the future growth and development of Nigeria.

The Ekiti state governor, Biodun Oyebanji called on universities in the country to prioritise research efforts aimed at tackling critical challenges confronting the nation as well as producing graduates who are solution providers.

Governor Oyebanji stressed the need for institutions to produce graduates equipped with the skills and mindset to tackle the pressing problems of the country head-on.

He justified the importance of nurturing a generation of problem solvers poised to drive sustainable development, urging universities to revamp their curricula to emphasize critical thinking, creativity, and entrepreneurship that could provide solutions to the problems of this country.

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“As a government, we will continue to collaborate with this institution but I plead with you sir, university must put a lot of emphasis on research, we must produce solution providers, people that will help to solve the problem of this country,” the Governor said.

Speaking on behalf of the honourees, the Senate majority leader, Senator Bamidele said they valued the honour conferred on them by the university and expressed their profound appreciation for the recognition bestowed upon them

He said the honorary degree conferred on them serves as testament to their dedication, achievement, and commitment to excellence in their respective fields.

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Customs Service Auctions Impounded Fuel At N630 Per Litre In Oyo State

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The Nigerian Customs Service (NCS) on Saturday auctioned about 20,000 liters of Premium Motor Spirit (PMS), commonly known as petrol, at N630 per liter in Ibadan, the Oyo State capital.

The product, intercepted from smugglers, was sold to the public at Afoo Filling Station, Masfala area.

The National Coordinator of Operation Whirlwind, Comptroller Hussein Ejibunu, who flagged off the sale, revealed that the tanker carrying the petrol was seized alongside 30 kegs containing 25 liters each during a smuggling attempt.

The total duty-paid value of the seized 30,750 liters was estimated at N42.75million.

According to Comptroller Ejibunu, the auction followed a court condemnation order after the items remained unclaimed. He stated that the Comptroller General of Customs, Bashiru Adeniyi, directed the sale to improve public access to fuel during the festive season.

Comptroller Ejibunu explained the government’s commitment to ensuring that citizens receive their entitlements promptly, highlighting that auctioning seized goods to Nigerians aligns with government policy.

He cautioned smugglers to abandon their illegal activities, warning that offenders would face prosecution.

Reflecting on a similar operation two months earlier, he noted that seized petrol was sold to the public in Yola, Adamawa State, at the regulated price. Specifically, 25-liter kegs of petrol were auctioned at ₦10,000 each.

He added that legal proceedings against a suspect apprehended during that operation were already underway.
Ejibunu urged Nigerians to support the Nigeria Customs Service by providing information on economic saboteurs, pledging the agency’s dedication to curbing smuggling under the directive of the Comptroller General.

He further explained that a collaboration between the Oyo/Osun Area Command and the Commander of Operation Whirlwind to enhance security, strengthen the economy, and deter smuggling.

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85 Chinese accused of cybercrime released on bail

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Eighty-five Chinese nationals who were remanded at Kuje Custodial Centre in Abuja over alleged cybercrime have been released on bail, Sunday PUNCH has gathered.

The spokesperson for the Nigerian Correctional Service, Federal Capital Territory Command, Adamu Duza, who disclosed this to our correspondent said the Chinese were released on Friday, December 20, 2024.

The suspects were part of a group of 113 foreign nationals arraigned before the Federal High Court, Abuja, on November 24, 2024 on charges of cybercrime, money laundering, and unlawful residency in Nigeria.

The group includes individuals from Vietnam, Thailand, Indonesia, Brazil, the Philippines, Myanmar, and Malaysia, as well as 17 Nigerian collaborators.

Justice Ekerete Akpan, who presided over the case, had initially ordered the remand of the male defendants at Kuje prison and female defendants at Suleja prison.

The charges stem from the allegations that the accused persons used sophisticated computer systems to facilitate hacking activities and operate fraudulent gambling platforms such as 9f.com, c2.top, and 8pg.top.

They were also accused of overstaying their business permits and remaining in Nigeria without valid residency or visas.

The suspects were arrested on November 3, 2024, in Katampe District, Abuja.

Duza confirmed to Sunday PUNCH that the release of the 85 Chinese nationals was supervised by the FCT Controller of Corrections, Ajibogun Olatubosun, to ensure all protocols were followed and their personal properties were returned.

He said, “85 Chinese in our detention facilities have been released on bail. The Controller was on ground to ensure their release and their properties intact.”

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Yuletide: FG plans 60 buses for inter-state routes

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The Federal Government is set to unveil a total of 60 buses any moment from now as part of its commitment to ease the transportation of Nigerians travelling by road during the yuletide season.

This initiative is part of an agreement signed with transport unions under the Ministry of Transportation’s free transportation programme.

The Chairman and Chief Executive Officer of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, disclosed this during an interview with Sunday PUNCH, on Friday.

On Friday, the government, through the Nigerian Railway Corporation, declared free rides for 340,000 train users travelling to their hometowns for the Christmas and New Year celebrations.

Providing further updates on the scheme, Oluwagbemi said the buses for the programme would soon be launched for the benefit of Nigerians.

He explained that the buses would transport passengers travelling between Abuja and neighbouring states, as well as to Lagos, Ibadan, Abeokuta, and other surrounding areas.

Oluwagbemi said, “There is an agreement on the mass-transit programme. You all already know that in Abuja today, we have those 15 buses running interstate from here to Gwagwalada, to Keffi and Nyanya, as well as Zuba in Niger State.

“That programme is already ongoing, and it will be expanded to interstate routes this week. So, we are going to put an additional 60 buses to run interstate here in Abuja and neighbouring states, as well as Lagos, Ibadan, and Abeokuta and neighbouring states.

“These buses will be providing free transportation till the beginning of next year as part of the Ministry of Transportation’s free transportation programme.”

Oluwagbemi also stated that the government planned to reduce transportation costs by converting cab drivers’ vehicles to CNG by the end of January 2025.

He added, “We signed a number of those agreements, but mainly two types of agreements, the transporters-vehicle agreement, where we are converting their vehicles.

“I believe a lot of them are now converted and before the end of January, they should be able to apply those discounts when they reach the benchmark targets.”

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