₦airaland Forum

Anyone could have predicted fraud with some of these programs. What always amazes is the lack of diligence in the execution of programs. If students are awarded NELFUND, why not have a NELFUND office within the schools to administer and pay into the school accounts. The only business the school needs to take care of is verification of student enrollment and submission of documentation.

The NELFUND office within the school with 2 support staffs can work on disbursement. Someone needs to be able to verify if students have withdrawn from courses. The support staffs can even verify accommodation needs and all. We were about to do NIN successfully at schools, so I am shocked we couldn't administer loans without majority of the funds diverted. The schools may claim the said students owe for previous sessions, but they need to provide documentation, and you cant just send funds to the school anyhow.

FuglyGurl:
https://dailytrust.com/n71-2bn-out-of-n100bn-disbursed-for-student-loan-diverted-icpc/

Elusive001:
Are you okay?

It has everything to do with the president and the presidency.

Do you have any idea about the impact of leadership on a people? You want a people, but with corrupt leadership? So you as a father think that you can smoke, womanise, come back home very late, beat your wife, defraud people, etc and expect you children or those under your care to behave better?

Make una continue to support evil, corrupt leadership.

What will you say about parents who are decent and well respected in the society but theor children are criminals and prostitutes?

You really don't believe that you can be decent, worked hard to earn your money and open a business with it while you employ people who can easily defraud you claimingnthat your wealth is a stolen fund?

The heart of man is desperately wicked

every good cause in nigeria is always sabotaged by people who are entrusted to run it.
whats the essence of going to churches and mosques if you still cheat the system?

PresidObi:
Of course, their job is to provide money to schools, and run away

Then they will come to the social media and complain about why Peter Obi didn't enforce the use of the money

From the hair on the head to the toes of average Nigerian is corruption. There was state bursary award to students in the past, what killed it? Infact I did audit investigation in some states. The results were mind boggling. Must states had students loans board. What killed it? Meals and other things were subsidized in most tertiary institutions in the past. What killed it? Those that condemn if given the opportunity will be worse than those that are being condemned. Abeggy.

thinkmoney:
It matters too friend. If the head is corrupt, the people user too will take a cue. It happened in a company I once worked for.
If the people feel the people above them are corrupt, there won’t be any impetus or fear to be corrupt free.
And we have seen Tinubu working with employing and working with people that are corrupt, those too in turn you can imagine will employ people similar to them. It’s a chain reaction

My guy, who we elect matters

Abeg no mind those slow minds. They support evil, corrupt, incompetent leaders, but expect the followers to be honest, upright, etc.

You see the kind of people we have in this country?

PresidObi:


Una never see anything, una get mind support criminals to rule your country?

Wait till after 8 years, you people will cry blood.

But you never give any solution if any of your family members or your Obi can stop that. Show us their score cards in their last position they held with traceable facts and not mere talks

kokoA:
Did you even read the news at all?

Of course he read it but just doesn't have the intellectual capacity to understand it. So, it's not his fault.

elder1002:
Funny enough..why don't they have a student loan account just as they disburse money to those serving at NYSC.

can't such system b implemented??.


Why are we Nigerians like this .

They don't divert NYSC ALLOWANCES

They don't divert lecturers SALARIES

They don't divert ARMED FORCES SALARIES.

it's now a student loan that is more like a salary payment scheme but handled like a PALLIATIVE SCHEME.

TRULY NIGERIANS ARE FILLED WITH WICKED LEADERS.

Student will divert it themselves. If you pay student the money, they will not pay it to the school and some can even use it to gamble or do dorime.

They pay the upkeep of 20k to the student account and that is not diverted.

My opinion is that even those institutions are diverting normal school fees too if ICPC beam their searchlight well.

symbianDON:
The monies were disbursed through lecturers? is that what the report says?

The anti-graft agency specifically said its preliminary investigations have uncovered that less than N71.2 billion have been diverted by the management of different universities who had taken custody of funds.

Next time read to comprehend

PresidObi:


Una never see anything, una get mind support criminals to rule your country?

Wait till after 8 years, you people will cry blood.

Shey brain dey for your head like this? Dem say university management diverted money, you dey cry say we voted Tinubu, go do psychiatric test ooo

Vision101:
From the hair on the head to the toes of average Nigerian is corruption. There was state bursary award to students in the past, what killed it? Infact I did audit investigation in some states. The results were mind boggling. Must states had students loans board. What killed it? Meals and other things were subsidized in most tertiary institutions in the past. What killed it? Those that condemn if given the opportunity will be worse than those that are being condemned. Abeggy.

It comes from the head and not the tail. A corrupt body may not most likely corrupt the head, but a corrupt head MUST corrupt the body.

surgical:
it is not a good concept, it is a bad policy,how can you increase school fees by several folds and asked students to come and collect loans to pay your exorbitant fees,which only few can access,thereby reducing access to education further
The truth has been covered by propaganda
The old method was far better, lower affordable fees that many can afford without breaking the bank

The government stop subsidizing for schools as most institutions stole the funds and enrich themselves alone.

Also, the scheme was for all eligible Nigerians.

Before you further your child's education, you must be certain he will not waste your resources.

APCNig:
Shey brain dey for your head like this? Dem say university management diverted money, you dey cry say we voted Tinubu, go do psychiatric test ooo

Prove to us that the university diverted money, university na person name?

You have been swindled.

surgical:
it is not a good concept, it is a bad policy,how can you increase school fees by several folds and asked students to come and collect loans to pay your exorbitant fees,which only few can access,thereby reducing access to education further
The truth has been covered by propaganda
The old method was far better, lower affordable fees that many can afford without breaking the bank

You're sound/intelligent, i wish i know you in person. It would have been great getting to know you. God bless you

APCNig:
Shey brain dey for your head like this? Dem say university management diverted money, you dey cry say we voted Tinubu, go do psychiatric test ooo

Management?
Made up of who? Air?
Management that cannot be investigated or what? Management that are above the law or what?

So the management of schools are greater than Tinubu, EFCC, police, military, DSS, the constitution, the federal government, etc?

Are you guys okay at all?

Vision101:
From the hair on the head to the toes of average Nigerian is corruption. There was state bursary award to students in the past, what killed it? Infact I did audit investigation in some states. The results were mind boggling. Must states had students loans board. What killed it? Meals and other things were subsidized in most tertiary institutions in the past. What killed it? Those that condemn if given the opportunity will be worse than those that are being condemned. Abeggy.

Why will.the government not arrest them?

GboyegaD:
If you want to copy, learn to paste correctly. The issue isn't about other countries do it, it is about not following the way others do it. Ours is a case of pure corruption and it will keep thriving as long as we don't do things right.

The people we copied from didn't just get it right at first glance.

With time, it will shape up.

I work in an institution where we develop ideas to the public. I noticed overtime that those ideas always look stupid at first but with time, it becomes a good thing.

Nigeria will get it right sooner or later.

JASONjnr:
This isn't about the party or the president.....

The concept was a good development and it's a welcome idea as countries you look upto also practice this to enable people from not so well to do homes to send their kids to school without struggling to pay the fees.

The embezzlement is between the institutions and the agency in charge of disbursement of funds. The people involved might be Nigerians supporting Obi or Atiku.

It is a bad policy, Because it work in developed countries doesn't mean it will work here. Reduce the tuition fee and make tuition fee affordable to everyone. Student loan can't work here because of corruption and mismanagement.

Elusive001:
Management?
Made up of who? Air?
Management that cannot be investigated or what? Management that are above the law or what?

Are you guys okay at all?

Don't mind those APC structures of corruption. They think their small brain is what everyone has.

surgical:
it is not a good concept, it is a bad policy,how can you increase school fees by several folds and asked students to come and collect loans to pay your exorbitant fees,which only few can access,thereby reducing access to education further
The truth has been covered by propaganda
The old method was far better, lower affordable fees that many can afford without breaking the bank

How will the students even pay back the loans? Are there jobs for them after school?

jonnyjustcome22:
It is a bad policy. Because it work in developed countries doesn't mean it will work here. Reduce the tuition fee and make tuition fee affordable to everyone. Student loan can't work here because of corruption and mismanagement.

Do you even think these people have any sense?

Humn. Gang of ruthless criminals.

Elusive001:
How will the students even pay back the loans? Are there jobs for them after school?

D9nt mind the criminal elements.

helinues:
Next time read to comprehend

Direct that statement to yourself Oga. University management teams are comprised of ASUU members? Wow!!

APCNig:
Shey brain dey for your head like this? Dem say university management diverted money, you dey cry say we voted Tinubu, go do psychiatric test ooo

Are the university management working for Peter Obi?

JASONjnr:
The people we copied from didn't just get it right at first glance.

With time, it will shape up.

I work in an institution where we develop ideas to the public. I noticed overtime that those ideas always look stupid at first but with time, it becomes a good thing.

Nigeria will get it right sooner or later.

The world is way too advanced than saying those you copied from didnt get it right. There's much information to read from to guide. The student loan body should administer the whole process and not the university system.

From inception, it was done that way so that those who would want to accuse the government in the future can be reminded that they are as corrupt as the government.

surgical:
it is not a good concept, it is a bad policy,how can you increase school fees by several folds and asked students to come and collect loans to pay your exorbitant fees,which only few can access,thereby reducing access to education further
The truth has been covered by propaganda
The old method was far better, lower affordable fees that many can afford without breaking the bank

Because...and I am not excusing any government....universities are expensive.

UK universities used to be cheap. Very cheap. Plus students got paid for attending them. Then from the 1980's onward, the number of students going to university shot up drastically beyond the government capacity to keep it cheap...so now, they do what we are doing now...charge high fees, and make students take loans.

(I won't even mention US and Japan, because those ones are worse self. US though, if you attend your home state university, you may get a massive reduction in fees, and in some instances, if you start with community college and transfer to a full college/university...you may reduce your spending, but you still take loans).

Even countries like Denmark and the Germany...they have school cheap....and in return, the kind of taxes they pay there...if we brought that to Nigeria, e go look like the taxes t-pain is charging now, are chicken feed.

Again, university is expensive. Yes, in the good old days, before 2023, we could go to university for cheap , but by the 1990's many of those universities were poorly equipped because there was no money to fund them adequately. (My father's department by 1996, a science based course, had as their newest equipment stuff that was bought 20 years ago. I kid you not. And it is still bad today.).

ASUU would go on strike, and ask for more money, but most Nigerians thought they were striking for their pockets. They were not.

The thing is, university is expensive. Our budget for education is 2 billion to 3 billion dollars. Some universities see something like 100 million dollars per annum. Meanwhile, UK universites alone had expenditure of 50 Billion dollars. 50 billion.

A few years ago, one university VC stated that his overheads were 600 million (He was the VC of ABU zaria...and if you know that university, it's a very large university, occupying a large landmass. It was even larger in 1980, with subbranches all over the North, some of which are now separate unis on their own...BUK Kano is a good example. As for overheads, the guy was underestimating in my opinion). for the year. Government gives him 120 million for the same overheads. As he said , where is he going to get the remaining 480 million?

We want our universites to do cutting edge research, educate our students for the 21'st century, and so forth, and we want to do it on a budget for education...which I should remind you....goes on primary, secondary, university...of 3 billion dollars? All from a budget that comes from oil money at 80%...and this is before looting comes in.

All the countries that used to do free education before either

1. Continue with it at very high tax rates

2. Charge hefty fees...and you take a loan.

Yeah socialist countries used to do free education....and from the 1970's all of them were on loans from IMF...ESPECIALLY the former USSR. They kept it quiet, but their lenders knew. Very well.


I don't like tinubu government, but what they are doing is the least worst option. The others involve keeping our universites as they are...wretched hostels, wretiched departments and faculties, poorly equiped with equipment and books that are out of date....or take massive loans to pay for the free education.....or we make every Nigerian that is taxable dump 50% of their revenue as tax....so that we can fund everything a la denmark. Maybe we would be able to give every student a stipend of 200000 naira monthly....



Your idea worked when universites in the 1970's were six, and had on average 3000 students. It can't work to day, with at least 90 federal universites, and then there are the state universites too. All needing to be sustained on part of a budget of 3 .billion. (For all sectors of education.).



AM sure you will say I am excusing government. I am excusing corrupt people. The fact that this thing has been bugging me for over 10-15 years probably won't convince you.

But when I went to university, I paid 2000 naira, and I got awful hostels, poorly equiped labs and libraries, and awful living conditions. My relatives who went oversease, paid 20000 dollars , and it did not come easy....and got decent facilites and up to date stuff, and fast internet...at a time when we were struggling with VSAT at the cafe, and internet in university...lol.

No easy answers.

maasoap:
And you erroneously believed or you want to make us believe that this just started? This is what has been Nigerian major problem since forever. Stop playing politics with endemic and systemic corruption.

So, why did we change the stealing system and people campaigned to enshrine this stealing crooks?