Breaking

🇳🇬⚠️ Tension in Igboho Over Alleged Fulani Traditional Title in Forest Settlement – Residents Seek Clarification BREAKING 🇳🇬🌲🔥: The rescue operation in the Oyo forest has reached a critical stage as troops have surrounded the area where abducted schoolchildren and teachers are being held, blocked all escape routes, and restricted movement inside the hideout. Reports confirm that the kidnappers have dropped earlier demands involving the release of detained commanders and are now focusing mainly on ransom talks, which are not expected to be accepted. The pressure from security forces is increasing as the operation continues, though it has also recorded casualties, including a lieutenant, while efforts continue to secure the safe release of the victims. BREAKING 🇳🇬⚔️: Security forces in Kaduna State neutralise 2 suspected bandits, arrest others, recover rustled livestock and communication devices, and restore order following multiple armed encounters and a violent community disturbance. BREAKING 🇳🇬⛽📉: Abuja motorists decry high fuel prices as stations fail to adjust pumps despite global oil price drop. “A beautiful day at home in Monaco with my bestie, Africa’s greatest industrialist. $200 billion man in the waiting.Friendship remains one of the greatest investments 🫱🏿‍🫲🏾… F.Ote💲” BREAKING: UK Prime Minister Keir Starmer Resigns After Mounting Pressure from Labour Party EGUNGUN FESTIVAL 🇳🇬🎭: Olubadan cautions worshippers and followers against violence and criminal activities as the annual Ibadan celebration begins. BREAKING 🇳🇬🪖: Nigerian Army Welcomes 5,876 New Soldiers to Strengthen Fight Against Insecurity BREAKING 🇳🇬🌲🔥: The rescue operation in the Oyo forest has reached a critical stage as troops have surrounded the area where abducted schoolchildren and teachers are being held, blocked all escape routes, and restricted movement inside the hideout. Reports confirm that the kidnappers have dropped earlier demands involving the release of detained commanders and are now focusing mainly on ransom talks, which are not expected to be accepted. The pressure from security forces is increasing as the operation continues, though it has also recorded casualties, including a lieutenant, while efforts continue to secure the safe release of the victims.

NEWS

HEDA supports EFCC oversight of NELFUND, advocates for recovered funds to benefit education sector

August 18, 2024 • 2 min read

August 18, 2024.

By Samuel Ogunsona

The Human and Environmental Development Agenda (HEDA Resource Centre) has expressed strong support and commendation for the Economic and Financial Crimes Commission’s (EFCC) commitment to ensure transparency and accountability in the utilization of N50billion allocated to the Nigerian Education Loan Fund (NELFUND).

This substantial amount, as clarified by EFCC Chairman, Ola Olukoyede, is not a donation but a part of recovered proceeds of crime, which the government, under President Bola Ahmed Tinubu, has wisely directed towards the student loan scheme to benefit indigent Nigerian youths.

In a statement signed by HEDA’s Chairman, Olanrewaju Suraju, the civil society group commended the EFCC’s proactive stance in overseeing the disbursement and utilization of these funds, ensuring they achieve their intended purpose and impact.

Suraju noted, “As a civil society organization dedicated to promoting accountability and good governance, we recognize the critical role of oversight in guaranteeing that public resources are effectively utilized for the benefit of society’s most vulnerable segments.”

He added, “the dedication of #50billion to student loan support is in tandem with the UNCAC provision on the utilization of recovered proceeds of corruption to the direct benefit of “victims of corruption. The EFCC’s initiative to monitor these funds is a commendable step towards fulfilling the objectives of the Nigerian Education Loan Fund. With proper oversight, this initiative has the potential to significantly enhance educational opportunities for Nigerian youths, and contribute to national development.”