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NELFUND adds 22 more institutions, see full list

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By Kayode Sanni-Arewa

The Nigerian Education Loan Fund (NELFUND) has announced the inclusion of 22 additional state-owned tertiary institutions into its student loan programme.

This expansion builds upon the initial inclusion of 48 institutions, marking a significant step towards supporting more students in pursuing higher education.

Students interested in applying for the loans are encouraged to visit NELFUND’s official website at nelf.gov.ng.

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The 22 schools are listed as follows:

Adamawa State Polytechnic Yola, College of Education Afaha Nsit, Akwa Ibom State University, Akwa Ibom State Polytechnic, Aminu Saleh College of Education, Azare, Niger Delta University, Delta State Polytechnic, Ogwashi-uku, Delta State University of Science and Technology, Dennis Osadebay University, Asaba, and Benjamin Uwajumogu State College of Education Ihitte Uboma.

Others are Sule Lamido University Kafin Hausa, Jigawa State, Kaduna State College of Education Gidan Waya, Isa Mustapha Agwai Polytechnic, Lafia, Niger State Polytechnic Zungeru, Ogun State Institute of Technology, Igbesa, D.S Adegbenro ICT Polytechnic Itori-Ewekoro, Adekunle Ajasin University Akungba-Akoko, Ondo State, Osun State Polytechnic, Iree, Oyo State College of Agriculture and Technology, Igboora, Plateau State University Bokkos, Port Harcourt Polytechnic and Ignatus Ajuru University of Education, Port Harcourt.

SaharaReporters on Sunday, July 7 reported that NELFUND had announced that students enrolled in 36 state-owned tertiary institutions it listed could now apply for student loans effective that day.

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It listed the schools as Adamawa State University, Mubi; Ramat Polytechnic, Maiduguri; Borno State University; Mohammet Lawan college of Agriculture, Borno State; Edo State University, Uzairue; Ekiti State University, Ado-Ekiti; Gombe State University; Kingsley Ozumba Mbadiwe University, Imo State; Imo State University of Agriculture and Environmental Sciences Umuagwo; Nuhu Bamalli Polytechnic, Zaria and Yusuf Maitama Sule University, Kano.

Others are Umaru Musa Yar’adua University, Katsina; Katsina State Institute of Technology and Management; Kebbi State University of Science and Technology, Aliero; Confluence University of Science and Technology, Kogi state; Lagos State University Of Education; Lagos State University; Nasarawa State University, Keffi; Tai Solarin University of Education, Ogun state; University of Medical Sciences, Ondo; Osun State University; University of Ilesa, Osun State; GTC, ARA Osun State; GTC, GBONGAN Osun State; GTC, Ijebu-Jesa Osun State; GTC, Ile-Ife Osun State; GTC, INISA Osun State; GTC, IWO Osun State; GTC, OSU Osun State; GTC, Otan Ayegbaju Osun State; Osun State College of Education, Ila-Orangun; Government Technical College Ile-Ife; Osun State College of Technology; Taraba State University, Jalingo; Umar Suleiman College of Education, Gashua, Yobe State and Zamfara State University, Talata Mafara.

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Before final liquidation, NDIC set to auction Heritage bank properties

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In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of auctioning the landed properties and chattels of the defunct bank.

According to the Corporation, this exercise is in line with its statutory powers as the Liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023, noting that; “This is another follow-up action sequel to the disposal of physical assets and chattels belonging to the defunct bank at its leased locations nationwide”.

This was contained in a statement signed by the Director, Communication and Public Affairs Department, Bashir A.

Therefore, the auction of the landed assets shall be by competitive bidding in sealed bids scheduled to take place at the six (6) selected locations of the Corporation across the country, for the affected 36 branches of the failed bank beginning from Wednesday 4th December 2024.
“Buyers who wish to participate in the auction are expected to follow laid down guidelines purposely aimed at ensuring transparency, fair competition, equity, and accountability to enable recovery of commensurate values from the exercise. This is critical for the payment of liquidation dividends to eligible claimants.

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The Corporation shall give preference to financial institutions who are willing to buy at the highest auctioned value to allow for the continuation of provision of banking services to the Nigerian public at the designated locations”, adding; “This is desirable towards bolstering financial inclusion as envisaged by the financial system regulatory authorities.

“However, Corporate bodies and Private individuals willing to compete are equally eligible to compete in the process without prejudice, the auction shall be open and competitive to all bidders.

Furthermore, bidders will be allowed to inspect the properties and chattels across all locations one week before the date of disposal.”

Importantly too, the statement said; “All interested parties are to make available 10% bid security of the value of their sealed bids to be dropped in the bid box provided at the specific centre out of the six locations of the Corporation as contained in the published advertisements.

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“All interested bidders are advised to submit their bids only at the designated NDIC offices covering their choices amongst Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.”

Meanwhile, the Corporation has vowed that there would be no hiding place for debtors of the defunct Heritage Bank whose financial obligation portfolio is in the region of over N700 billion.

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Naira slumps in parallel market

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The Naira experienced a slight depreciation yesterday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday.

According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88 per dollar. This marks an appreciation of N44.48 for the Naira.

The market also saw a significant increase in dollar trading activity, with turnover climbing by 122.5 percent to reach $236.84 million, up from $106.44 million the previous day.

As a result, the gap between the parallel market and the NAFEM exchange rate widened, now standing at N94.6 per dollar, up from N45.12 per dollar recorded on Tuesday.

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Sad! Body of COAS, Lt General Taoreed Lagbaja, ready to be airlifted to Abuja(Photos)

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Body of the Chief of Army Staff, Lt General Taoreed Lagbaja, ready to be airlifted to Abuja.

SEE PHOTOS BELOW:

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