The Nigerian Educational Loan Fund (NELFUND) has said it would disburse the sum of ₦850m to tertiary institution students today (Wednesday).

The Nigerian Educational Loan Fund (NELFUND) has said it would disburse the sum of ₦850m to tertiary institution students today (Wednesday).
The Managing Director of the Fund, Akintunde Sawyer, made this known during a press briefing in Abuja on Wednesday.
According to Akintunde, this is apart from the over ₦1.7bn that has been disbursed to about 20,000 students.
“The sum of N850m will be leaving the account of NELFUND today to institutions. This is apart from the N1.7bn naira that has already been disbursed.”
Earlier, Sawyer revealed that the Fund had disbursed institutional fees to 20,000 students through their institutions.
He also noted that a total of 260,000 loans including institutional fees and upkeep have been approved.
No fewer than 1.2 million students are expected to benefit from this cardinal programme of President Bola Tinubu’s administration.
It would be recalled that President Bola Tinubu had approved ₦35bn for the take-off of the scheme after signing the law backing the scheme on April 3.
See Full Address By Sawyer Below:
ADDRESS BY MR AKINTUNDE SAWYERR, MANAGING DIRECTOR/CEO OF THE NIGERIAN EDUCATION LOAN FUND (NELFUND) ON WEDNESDAY, 31st JULY, 2024.
Protocols.
It is with immense pleasure and a deep sense of responsibility that I stand before you today to announce a significant milestone in our collective efforts to enhance the educational landscape of our great nation.
This occasion marks a testament to our shared commitment to ensuring that higher education is accessible to all deserving Nigerians, regardless of their financial background.
Firstly, I would like to acknowledge the presence of the Honourable Minister of State for Education, Dr Yusuf Sununu who is with us today on a one-day working visit.
Your presence, Honourable Minister, underscores the importance of this initiative and highlights the government’s unwavering support for the advancement of education in Nigeria. We are honored to have you here and grateful for your continuous advocacy and leadership in the educational sector.
I must also extend our Excellency, President Bola Ahmed Tinubu (GCFR). His visionary leadership and unwavering dedication to the advancement of education in Nigeria have driving forces behind this initiative.
Under his administration, we have seen a renewed focus on the empowerment of our youth through education, and today’s announcement is a direct result of his commitment to this cause.
Mr. President, your steadfast support and belief in the potential of Nigerian students have made this possible, and we are deeply grateful.
I am delighted to share that following Mr President’s directive, NELFUND has been able to disburse students’ institutional fees amounting to N1,172,388,340.00 for 20,000 students (100% paid) in esteemed institutions across the country.
These institutions were carefully selected based on their academic calendar. Disbursement to other institutions will be made at the beginning of their sessions to ensure a transparent and equitable distribution of resources.
Within these institutions, a total of 11,083 students are the beneficiaries who applied for the loans and their tuition was paid 100 per cent.
This financial aid will enable them to focus on their studies without the added burden of financial worry. It is our belief that by investing in these students, we are investing in the future of Nigeria.
In addition to the tuition charges, we are also cognizant of the need for upkeep support. The payment of upkeep stipends will be conducted in the coming week with the utmost transparency and security.
We are collaborating with several key agencies and institutions to ensure this. The Nigerian Financial Intelligence Unit (NFIU), the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) will work alongside the various banks involved in this process.
Furthermore, We are excited to announce that we will be launching a series of new skills training programs in the coming weeks. These programs are designed to empower Nigerians with the knowledge and expertise needed to excel.
Our collective aim is to minimise any potential leakages and to prosecute any wrongdoing swiftly and effectively.
All parties in the value chain are committed to upholding the highest standards of integrity and accountability. By doing so, we aim to build and maintain the trust of all stakeholders involved in this initiative.
We cannot overlook the critical roles played by our various partners too numerous to mention in this initiative. Their collaboration has been instrumental in setting up a robust and transparent system for the disbursement and management of funds.
Additionally, the support from the institutions themselves has been invaluable in ensuring that the process is smooth and that the students receive their funds promptly.
Today’s announcement is a testament to President Tinubu’s unwavering dedication to the education sector and the future of our youth.
I extend my heartfelt gratitude to all our partners, institutions, and stakeholders for their invaluable support in making this vision a reality.
Iran left a message saying “may peace, respect and friendship prevail among all nations” following their World Cup group match against Belgium at Los Angeles Stadium.
The handwritten note was left in their dressing room following a goalless draw in their second Group G game.
Iran are competing at the World Cup while their country and the United States – who are co-hosts along with Canada and Mexico – are in negotiations to end their war.
“From the ancient Persia of thousands of years ago to the civilised Iran of today, the spirit of Iran remains alive and steadfast,” read the message, which was released by the Football Federation of Iran (FFIRI).
“We came to Los Angeles with pride, competed with honour, and leave with dignity,” the note continued.
“Thank you Los Angeles for your hospitality.
“And thank you to every Iranian who gave their heart, voice and soul for Iran throughout these 180 minutes.
“May peace, respect and friendship prevail among all nations.”
The message also made reference to an attack on a girls’ school in Minab, where at least 168 people were killed on the first day of the war.
Iran played their opening match – a 2-2 draw with New Zealand – at Los Angeles Stadium, and will play their third and final group game against Egypt in Seattle on 27 June (04:00 BST).
Their involvement in the World Cup has been plagued with uncertainty, linked to the war in the Middle East and related security concerns.
Multiple “integral” members of their backroom staff were denied entry visas for the US while the FFIRI called on Fifa to “uphold the principles of neutrality, fairness, and established regulations” after its allocation of tickets was revoked on the eve of the tournament.
Iran subsequently switched their base for the World Cup from Arizona in the US to Tijuana in Mexico, and face strict travel restrictions during their campaign.
They are allowed to fly into the US a day before they have a game and have to leave the country on the same day as the match, under the conditions of their visas.
This led to Iran head coach Amir Ghalenoei saying they are the “most oppressed” team at the tournament following the draw with New Zealand.
However, Andrew Giuliani, the executive director of the White House’s World Cup taskforce, says there are “discussions going on” about the timings for Iran’s travel to and from their game against Egypt.
– BBC
The Rivers State Police Command has ordered the arrest and detention of a police officer, ASP Omomefe Akin Geoffrey, and other officers accused of extorting members of the public, following the circulation of a viral video and reports of their extortion acts on social media.
In a statement issued on Tuesday by its Public Relations Officer, ASP Agabe Blessing Kaborlo, the Command said it had taken the allegations seriously, stressing that such conduct runs contrary to the ethics and professional standards of the Nigeria Police Force.
Kaborlo stated that the Commissioner of Police in Rivers State, Olugbenga Adepoju, directed the immediate arrest, detention, and investigation of the officers involved.
“The Rivers State Police Command has taken cognizance of a video and reports circulating on social media alleging that ASP Omomefe Akin Geoffrey and other police officers were involved in extorting money from members of the public while carrying out their duties,” Kaborlo stated.
Police
“The Command views the allegations with utmost seriousness, as such conduct is inconsistent with the core values, ethics, and professional standards of the Nigeria Police Force.
“Consequently, the Commissioner of Police, Rivers State Command, Olugbenga Adepoju, has ordered their arrest, detention, and immediate investigation of the allegation.”
The Command reiterated that extortion, illegal collection of money, and other forms of misconduct by police personnel would not be tolerated.
“The Commissioner of Police reiterates that extortion, illegal collection of money, and any form of unprofessional conduct by police personnel will not be tolerated under any circumstances,” Kaborlo added.
“He emphasised that the Command remains committed to ensuring that officers conduct themselves in a manner that promotes public trust, accountability, and respect for human rights.”
According to the police, the investigation would be conducted thoroughly and impartially, with any officer found guilty facing disciplinary measures in line with the law and the Nigeria Police Act.
“CP Adepoju assures the public that the investigation will be thorough, transparent, and impartial. Any officer found culpable will face appropriate disciplinary actions in accordance with the provisions of the law and the Nigeria Police Act,” Kaborlo said.
The Command also commended members of the public for exposing alleged misconduct and urged citizens to continue reporting cases of corruption, abuse of office, and other unprofessional acts through official complaint channels.
Kaborlo added that the Rivers State Police Command remained committed to professional policing, discipline, integrity, and quality service delivery to residents of the state.
President Bola Tinubu has sent a Constitution Alteration Bill to the National Assembly, seeking the establishment of state police.
The bill seeks to amend relevant provisions of the 1999 Constitution to create a legal framework for state police across the federation.
This is coming after repeated calls by the President for constitutional reforms to enable states to play a greater role in securing their territories.
Recall that in February, the president asked the National Assembly to amend the Constitution to accommodate state police,
Tinubu described the reform as necessary to address terrorism, banditry and other security threats.
Similarly, on Democracy Day during his nationwide speech, Tinubu vowed that terrorists, bandits and their sponsors would face the full weight of the law, insisting that no mercy would be shown to enemies of the state.
The state police proposal has gained momentum in recent months, with both chambers of the National Assembly advancing constitutional amendment processes aimed at decentralising policing powers to the states.
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