The Federal Ministry of Education has opened an investigation into alleged illegal deductions from the institutional fees paid by the Nigerian Educational Loan Fund (NELFUND) for beneficiaries of the Student Loan scheme. Education Minister Dr. Tunji Alausa described the infractions in the loan disbursement as “very disturbing and extremely concerning.”Continue Reading

President Bola Ahmed Tinubu yesterday acknowledged workers’ contributions to national development. He said their welfare would always be accorded priority as the “engine of our economy.” President Tinubu celebrated the workers’ contributions to national productivity and development as they joined their counterparts across the globe to mark May Day. InContinue Reading

BY GODWIN OBI Despite the alleged N1.2tn digital trading fraud that reportedly affected over 600,000 Nigerians, the embattled Crypto Bridge Exchange trading platform, accused of these acts, has resumed operations, announcing fresh withdrawal options in a move to restore investor confidence. Two traders on the CBEX platform confirmed to TheContinue Reading

Comptroller Shuaibu receiving the Customs flag, which is the symbol of power at the Unit. Comptroller Mohammed Shuaibu has formally assumed duty as the new head of the Nigeria Customs Service NCS, Federal Operations Unit FOU Zone ‘A’, Lagos. This follows the redeployment of his predecessor, Comptroller Kola Oladeji, toContinue Reading

Banks have been directed by the Federal Inland Revenue Service (FIRS) to identify and shut down any tax and levy collection accounts not authorised under the agency’s TaxPro Max system. The FIRS’ directive is part of ongoing initiative to enhance efficiency, promote transparency and ensure uniformity in the collection andContinue Reading