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BREAKING: Tinubu Diverts EFCC Funds to NELFUND

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President Bola Tinubu has directed that all liquid funds recovered by the Economic and Financial Crimes Commission (EFCC) be channelled into the Nigerian Education Loan Fund (NELFUND) to support the education of Nigerian students.

The directive was announced on Wednesday by the Minister of Education, Tunji Alausa, after the Federal Executive Council meeting in Abuja.

Alausa said the Council also approved the President’s directive for the transfer of unclaimed dividends from the capital market trust fund and the dormant account trust fund to NELFUND.

The measures are aimed at strengthening NELFUND’s financial capacity. More than 1.2 million students are currently benefiting from the scheme.

President Tinubu further directed the Ministers of Finance and Education, the Attorney-General of the Federation, and the Debt Management Office to work together to establish the legal framework for the transfer of the funds and unclaimed dividends to NELFUND.

NELFUND is the Federal Government’s interest-free student loan scheme that supports tuition and student upkeep.

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BREAKING: Nigerian Airlines Threaten Indefinite Shutdown Over Union Disruptions

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Airlines operating in Nigeria have issued a stern warning of an indefinite shutdown of flights if ongoing disruptions by aviation unions are not urgently resolved.

Industry operators cited repeated industrial actions, including strikes and work-to-rule tactics by union members, as severely impacting flight schedules, passenger movements, and operational costs. The threatened action could ground both domestic and international flights across major airports, including Lagos and Abuja.

Airline representatives stated that prolonged union-related interruptions have already caused significant financial losses and eroded passenger confidence. They called on the federal government and relevant labour authorities to intervene immediately to prevent a total collapse of commercial air travel.

No specific deadline for the proposed shutdown has been publicly announced, but stakeholders described the situation as “critical.” Passengers have been advised to monitor airline communications closely for any developments.

Authorities and union leaders have yet to issue detailed responses. Further updates are expected as talks continue.

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JUST IN: Fire Engulfs Lagos Customs Command Office

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A fire has broken out at the Lagos Customs Command office, officials confirmed early Monday.

Emergency services were dispatched to the scene as thick smoke rose from the building.

The cause of the blaze and the extent of the damage remain under investigation.

No immediate reports of casualties have been released. Authorities have urged the public to avoid the area while firefighters work to contain the flames.

Further updates are expected as the situation develops.

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Nigeria is 66, Thursday October 1

The citizens are expecting the details of the anniversary events by the Federal Government, through the Minister of Interior, Olubunmi Tunji-Ojo.

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Since Nigeria gained independence on October 1, 1960, the country will mark its 66th Independence Anniversary on Thursday, October 1, 2026.

The citizens are expecting the details of the anniversary events by the Federal Government, through the Minister of Interior, Olubunmi Tunji-Ojo.

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