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President Tinubu Launches Revamped Student Loan Scheme with ₦35 Billion Allocation

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In a significant development, Bola Tinubu has launched a revamped Student Loan Scheme at Aso Rock, the heart of the nation’s capital.

The Federal Government recently introduced changes to the scheme, officially marking its launch.

During a ceremony in Abuja, President Tinubu is currently leading a presidential committee tasked with overseeing the scheme’s implementation.

This follows the President’s allocation of ₦35 billion to kickstart the initiative, aimed at benefiting an initial group of 70,000 students through the Nigerian Education Loan Fund (NELFund).

Jim Ovia, heading the Governing Board of NELFund, has already authorized the disbursement of loans to eligible candidates under Tinubu’s direction, during the board’s inaugural session in Abuja last month.

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At the ongoing inauguration event at the Presidential Villa, Tinubu is expected to outline the team’s objectives to ensure the scheme aligns with its intended goals.

Further updates will follow as the implementation progresses.


 

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LeBron James Steps Away from Social Media, Cites Negativity in Sports Coverage

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LeBron James, the NBA’s all-time leading scorer and Los Angeles Lakers star, has announced a temporary break from social media.

The 39-year-old made the announcement on X (formerly Twitter) and Instagram after sharing a post by Rich Kleiman, agent to NBA star Kevin Durant, criticizing the media’s focus on negativity.

Kleiman wrote, “With so much hate and negativity in the world today, it confuses me why some of the national sports media still think that the best way to cover sports is through negative takes… I, for one, find it all a waste of breath.” James shared the post, adding a simple comment: “AMEN!!”

In a follow-up post, James confirmed his social media hiatus, writing, “And with that said, I’ll holla at y’all! Getting off social media for the time being. Y’all take care.”

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James, known for his strong presence on and off the court, is taking this break amidst ongoing discussions about the role of media in shaping public perceptions of athletes.

 


 

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Lagos State Governor Sanwo-Olu Presents 3 Trillion Naira As Budget For 2025

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Lagos State Governor, Sanwo-Olu presents 3 Trillion Naira as the budget for the proposed Appropriation Bill for 2025 to the house of assembly. The assembly meeting was led by Speaker, Mudashiru Obasa. The budget is themed Budget of Sustainability and will be a blue print for the commitment to Lagosians.

The ceremony was held in the state house, Alausa, Lagos. With this proposed bill the state government is focusing on environment, education, technology, security and public safety.


 

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Diezani Alison-Madueke Seeks Court Approval to Amend Lawsuit Against EFCC Asset Forfeiture

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Former Petroleum Minister Diezani Alison-Madueke has filed a motion to amend her lawsuit challenging the Economic and Financial Crimes Commission’s (EFCC) order for the final forfeiture of her seized assets.

At a Federal High Court hearing in Abuja presided over by Justice Inyang Ekwo, Alison-Madueke’s counsel confirmed filing the amendment motion and serving the EFCC. Notably, no EFCC representatives appeared in court.

The embattled ex-minister also sought an extension of time to contest the EFCC’s public notice regarding the sale of her confiscated properties, claiming she was denied a fair hearing during the forfeiture proceedings.

The EFCC, however, rejected Alison-Madueke’s allegations, maintaining that the forfeiture cases were lawfully adjudicated over time.

Justice Ekwo adjourned the case to February 17, 2025, to consider the motion to amend the originating process.

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