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UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors

The bank accused WEMPCO of deliberate and orchestrated disobedience of court order and asked that the company’s directors be reminded in prison until they complied. It specifically accused WEMPCO of utilising thugs to evict court receiver from the steel group’s Ogun State factory The post UBA intensifies N61bn loan recovery drive, seeks jail term for WEMPCO directors appeared first on Premium Times Nigeria .

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Reps move to halt school fee hikes in tertiary institutions, probe impact on NELFUND

Lawmakers are taking action to stop the increase of fees in public universities, polytechnics, and colleges of education. In some instances, these fees have risen by more than 100 per cent. The representatives are concerned that these spikes could cause major disparities in how education loans are distributed. There is a risk that students from families with less money will struggle to enter tertiary education. The lawmakers are also probing how these hikes impact NELFUND.

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Tinubu writes NASS, seeks fresh approval to borrow $20.5bn, €1.05bn

President Tinubu has written to the National Assembly to request approval for new loans. The requested amounts are $20.5 billion and €1.05 billion. These funds are intended for critical projects in several sectors. Planned areas of spending include infrastructure, agriculture, and healthcare. The money will also support education, water supply, security, and job creation. Some funds will go toward financial management reforms.

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Otti celebrates Ebitu Ukiwe at 86, urges Nigeria to recognise his contribution to democracy

Governor Otti praised Ebitu Ukiwe on the occasion of his 86th birthday. The governor recalled how Ukiwe resigned from his position as the number two citizen of the country to maintain his principles and reputation. Otti described him as a rare gem. He argued that Ukiwe should serve as a great example for current public office holders and politicians. The governor urged Nigeria to recognize Ukiwe's contributions to democracy.

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