News
TETFUND foreign scholars seek Tinubu’s intervention over unpaid bailout funds
Nigeria’s Universities’ lecturers studying abroad under Tertiary Education Trust Fund(TETFUND) sponsorship have appealed for the President Bola Tinubu’s intervention over their unpaid bailout fund.
The scholars under the aegis of Omitted Foreign Scholars (OFS) made the plea in a save our soul letter dated June 6, 2024 to President Tinubu.
The Chairman of the Foreign Scholars, Kamal Odunjo-Saka lamented that 45% of scholars studying under the TETFUND sponsorship programme were omitted in the disbursement of funds.
Odunjo-Saka noted that the development had subjected the affected scholars to unfavourable harsh conditions amidst the prevailing global economic realities.
He said TETFund refused to pay them on the excuse that they were not qualified, based on programme status, when they were approached, asserting that there was no segregation of scholars or any discrepancies during the agreement of conditions for bailout.
He explained that they had witnessed instances where TETFund paid scholars who even completed their programme as early as 2022 and yet refused to pay the scholars currently under its sponsorship and those that recently completed their programme which as a result run into financial crises.
The letter reads in part: “I am writing on behalf of all the Tertiary Education Trust Fund sponsored foreign scholars who were omitted from the payment of the recently approved Presidential Bailout to all TETFund foreign scholars within the year 2017 – 2023.
“Initially, the bailout was designed as a measure to cushion the effects of the COVID-19, Naira devaluation/exchange rate, and particularly, inflation in the cost of living on scholars, hence the reason for the timeframe under review (2017 – 2023) considering that scholars within this period are grossly affected.
“We sincerely appreciate the generous bailout approved by Mr. President, His Excellence, Asiwaju Bola Ahmed Tinubu, as this would alleviate the burden on Scholars. However, our confidence in the fair implementation of the disbursement has been severed
“Currently, about 45 percent of the TETFund sponsored foreign scholars were omitted in the disbursement of the presidential-approved bailout by TETFund, subjecting scholars to harsh conditions amidst the current economic realities.
“While we tried to engage TETFund to ensure fairness in the disbursement, scholars were told that some are not qualified, based on programme status, while our recent request for engagement was turned down by the Fund. Meanwhile, both scholars on their programme and those recently completed were unjustly omitted without any tangible justification provided.
“Initially, there were no segregation of scholars or any discrepancies during the agreement of conditions for bailout. Also, both ongoing and completed Scholars were paid during the first and second tranches of the disbursed bailout paid between January to March 2024.
“This includes scholars across Europe, Asia, America and other part of the globe, while TETFund refused to pay fellow scholars in the same categories with no concrete justification.
“Additionally, we strongly believe that the alien criteria of ongoing and completed does not hold through in the case of scholars due to many reasons, including the fact that all scholars under review are affected by COVID-19 or Naira devaluation”.
Odunjo Saka appealed to Tinubu to use his good office to speak with relevant authorities and ensure disbursement of the bailout fund to the affected scholars without further delays.
News
Rupture In PDP Governors’ Forum deepens
By Ojomah Austin.
The evolving fall-out, which comes barely days to the contentious National Executive Committee (NEC) of PDP, followed a back and forth between the Federal Capital Territory (FCT) Minister, Nyesom Wike and the Governors forum, who declared support for Rivers State governor, Siminalayi Fubara to be made leader of the party in the state.
After a meeting with some members of the party’s National Working Committee (NWC) in Bauchi on Wednesday, Governor Mohammed, said “According to our party’s constitution, any leadership vacancy should be filled by someone from the region where it originated,” stressing that Damagum would be replaced soon considering that he hails from North East and not the North Central.
Same day, Makinde, during the groundbreaking of the upgrading of Ladoke Akintola Airport, Ibadan, to an international airport, which was attended by another set of NWC members, led by Damagum, said he would support whatever decision the Damagum-led NWC would take to reposition the party.
Damagum, who is considered a close ally of Nyesom Wike, the Federal Capital Territory (FCT) Minister, was appointed acting national chairman after the removal of Iyorchia Ayu in June 2023.
Meanwhile, the Board of Trustees (BoT) of the PDP led by Senator Adolph Wabara, met with members of the National Assembly caucus in Abuja.
The close door meeting comes barely hours after the BoT met with Wike in Abuja.
While Wabara refused to comment on the essence of the meeting with the lawmakers, it was noticed that most of the lawmakers didn’t honour the invitation.
News
Tears As Man Takes Own Life Over Tinubu’s Govt Hardship
By Mario Deepromoter
Sad development in Marika village, Kiyawa Local Government, Jigawa, where a 40-year-old man, Jibrin Adamu, committed suicide by hanging himself.
According to eyewitnesses, Adamu’s lifeless body was discovered in a classroom at Miftahul Khairat Islamiyya and Primary School Gurdiba on Thursday.
Police spokesperson DSP Lawan Shiisu Adam confirmed the incident, stating that preliminary investigations revealed Adamu had struggled with mental health issues.
“Police received a report on Thursday that at about 1830hrs, a tragic incident was reported at the Command headquarters that one Jibrin Adamu ‘m’ age 40yrs of Jigawar Maroka village, Kiyawa LGA has committed suicide by hanging himself over the ceiling at Islamiyya school,” the Police spokesperson told Daily Post.
The Jigawa State Commissioner of Police, CP AT Abdullahi, has instructed officers to conduct a thorough investigation into the incident.
News
Just in: Dangote Petrol Now Available at N765.99 Per Litre
By Mario Deepromoter
11plc, Total Energies, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide.
Findings showed some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the existing agreement between marketers and the refinery.
Tunji Oyebanji, managing director, 11Plc confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC who remain the sole off-taker of product.
“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.
It was gathered that NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.
He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol”.
Efforts to get the Independent Petroleum Marketers Association of Nigeria (IPMAN) to confirm if its members have picked up products at the Dangote Refinery proved abortive at the time of writing this report.
See also Nigeria’s Petrol Landing Cost Revealed
Adedapo Segun, executive vice-president, downstream at NNPC said marketers cannot purchase petrol directly from the refinery because the product is still sold at a subsidised rate.
“That is the same thing happening with Dangote. I said earlier that Dangote is a company and it is going to sell at market price,” he told Journalists.
According to Segun, “The market value of PMS is still higher than what N766 or N765 or N799 that NNPC is selling.
“The situation has not changed there. So, NNPC’s off-taking is only because the others would not buy at the price Dangote will be willing to sell, which is reasonable.
“As soon as the price allows for it, you will see the marketers go to Dangote and buy.”
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