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BREAKING: Hon Laoshe Repays N3,189,217.00 FG Student Loan to NELFUND

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The Nigerian Education Loan Fund (NELFUND), on Tuesday, announced that Hon Lanre Laoshe, a former beneficiary of the Federal Government Student Loan Scheme, has graciously repaid his N1,200 student loan, received between 1976 and 1979, with the sum of N3,189,217.00.

In a statement on its official X handle, signed by Nasir Ayitogo For: Director, Corporate Communications, said that Hon Laoshe, a distinguished former member of the House of Representatives and a former Deputy Whip, who benefited from the defunct Federal Government Student Loan Scheme expressed his deep appreciation for the financial support he received from the Federal Government during his educational pursuit.

He stated that in order to determine the current equivalent of the N1,200 loan, he obtained a table of average annual exchange rates from 1972 to 1985 from sources at the Central Bank of Nigeria (CBN).

The table indicated that in 1979, the exchange rate was $1.00 = N0.596, meaning that the sum of N1,200.00 was equivalent to $2,013.42 at the time.

Using the current exchange rate of $1.00 = N1,583.98, Hon. Laoshe calculated that the equivalent amount today would be N3,189,217.00.

As a result, he issued a Polaris Bank Plc bank draft (No. 14670909) for this amount to NELFUND, marking his repayment as a token of gratitude to the Federal Government for the role it played in his educational journey.

This act of goodwill and integrity by Hon. Laoshe serves as an inspiring example of the impact that government support can have on individuals and highlights the importance of honoring one’s commitments.

NELFUND is deeply appreciative of Hon. Laoshe’s gesture and remains committed to supporting the educational aspirations of Nigerian students through its various programs.”

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Senate Fails to Meet Quorum Again as Akpabio Warns on 2027 Campaigns

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For the second time in one week, Senate proceedings suffered a delayed start after lawmakers failed to assemble in the numbers required to form a constitutional quorum.

The development has renewed concerns over legislative attendance. Senate President Godswill Akpabio warned senators against allowing political activities ahead of the 2027 general elections to undermine their parliamentary responsibilities.

The plenary, scheduled to begin at 11 a.m., did not commence until 12:19 p.m., after the arrival of Senator Abdul Ningi brought the number of lawmakers to the constitutionally required quorum.

Under Section 54(1) of the 1999 Constitution, the quorum for either chamber of the National Assembly is one-third of all its members.

With the quorum secured, Akpabio urged lawmakers not to abandon their legislative duties under the guise of preparations for the 2027 elections.

He advised senators to use weekends to travel to their constituencies and engage in political campaigns without disrupting legislative business.

The Senate then proceeded with the adoption of the votes and proceedings of its previous sitting.

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Blackout: DisCos Apologise Over Weeks of Power Outages

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Electricity distribution companies have publicly apologised to Nigerians for the prolonged and erratic power outages that have plagued households and businesses across the country in recent weeks.

Sunday Oduntan, Managing Director and Chief Executive Officer of the Association of Nigerian Electricity Distributors (ANED), tendered the apology on Monday during an appearance on Channels Television’s Sunrise Daily.

“I’d like to first of all start by apologising to Nigerians. An apology is needed; it is essential because Nigerians have been taken through this problem over the past few weeks,” Oduntan said.

He acknowledged the hardship caused by the sustained blackouts and criticised a return to the “blame game” among operators in the power sector — a pattern last seen between 2016 and 2019, when DisCos, the Transmission Company of Nigeria (TCN), generation companies and gas suppliers routinely pointed fingers at one another instead of solving problems.

Oduntan specifically questioned conflicting explanations from the Nigerian Independent System Operator (NISO) and the Nigerian National Petroleum Company Limited (NNPC) over the causes of the shortfall. While NISO cited low water levels and inadequate gas supply, NNPC maintained that gas was available. He urged greater transparency on whether payment issues were affecting gas deliveries to power plants.

The ANED chief called on the Minister of Power, Joseph Tegbe, to convene all stakeholders to identify the real causes of the shortages and halt the cycle of mutual accusations.

The apology comes amid widespread frustration, with even Band A customers — who are supposed to receive a minimum of 20 hours of electricity daily — reporting inadequate supply. The situation has been made worse by intense dry-season heat.

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JAMB Issue Advisory For 2027 UTME Candidates

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process.

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The Joint Admissions and Matriculation Board(JAMB) on Monday released six important steps prospective candidates should know ahead of the 2027 Unified Tertiary Matriculation Examination.

In a video shared on its official platforms on Monday, the board advised candidates to ensure their personal information with the NIMC was correct, obtain a registered phone number and maintain an active email address before beginning their UTME registration.

JAMB also urged prospective candidates to decide on their preferred courses and institutions and ensure they selected the appropriate subject combinations.

The board said the checklist was intended to help candidates stay organised, prepare effectively and avoid common mistakes during the registration and admission process

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