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NELFUND To Launch Job Portal Linking Student Loan Beneficiaries To Employers By 2026

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The Nigerian Education Loan Fund (NELFUND) has revealed plans to introduce a centralized job portal by 2026 aimed at helping student loan recipients secure employment opportunities both locally and abroad.

This initiative forms part of broader strategies to strengthen the effectiveness of the student loan program and guide graduates toward financial stability.

While speaking at a media briefing in Abuja to commemorate one year since the loan scheme’s inception, NELFUND’s Managing Director, Akintunde Sawyerr, clarified that although the agency does not promise jobs, the planned job portal is intended to ease graduates’ entry into the workforce.

Sawyerr mentioned that the portal will compile job listings from government bodies, private companies, and foreign employers interested in hiring Nigerians.

We don’t just give a loan and leave students on their own. This job portal is our way of supporting their journey towards economic stability, he said

No repayment without employment

Sawyerr reaffirmed that repayment of student loans will only begin when beneficiaries secure employment and have completed their National Youth Service Corps (NYSC).

If you don’t have a job, you don’t pay. And when you eventually get a job, your repayment starts fresh.

Once employed, 10 per cent of the beneficiary’s monthly income is deducted automatically by the employer and remitted to NELFUND, following verification through the NELFUND employment register.

If an employee is laid off or resigns, the deductions stop. And in the event of death, the loan is written off. The family is not harassed, he said.

Institutions must refund duplicate payments

On the matter of students who made fee payments before NELFUND disbursed funds to their schools, Sawyerr urged institutions to fulfill their obligation and refund the affected students.

We’ve received multiple petitions from students who paid under duress, only to find their fees had also been paid by NELFUND.

Institutions must refund this money. It’s disappointing that some schools have ignored this responsibility, he said.

He further explained that anti-graft agencies have begun investigating: Investigative bodies like the ICPC and EFCC have stepped in to question certain institutions over delays or refusals to refund.

To ensure the right return of funds, he recommended: If an institution cannot refund directly to the student, they can pay the money back to us and we will ensure it gets to the rightful student.

Over 3.2 million student records in system

Mustapha Iyal, the Executive Director of Operations, shared that the Fund currently oversees over 3.2 million student records and anticipates receiving around one million additional applications by the end of 2025.

Basically, our projection right now, we have about 3.2 million students in our system.

What we’re looking at this year, from now to the end of the year, we’re looking at about one million applications. We’re not pushing. We’re not saying that it’s compulsory.

But we’re looking at how we can support one million applications to make sure that no one is dropping out of school, he stated.

What you should know

NELFUND has broadened its scope by launching a loan program that also funds vocational and technical education to empower Nigerian youth seeking practical trade skills. The pilot phase of this scheme will start in Enugu between late June and mid-July 2025.

According to Executive Director of Operations, Iyal Mustapha, the initiative will offer interest-free loans to cover tuition, transportation for attending full-time technical schools, stipends for living expenses, and even tools upon training completion.

Applications will be submitted via NELFUND’s portal, and once the system is active, applicants will be matched with certified vocational training centers in their region.

 

Credit: Nairametrics

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37-Year-Old American Nicholas Giroux Jailed For Life Over Murder Of Nigerian boxer Olugbemi

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A 37-year-old man, Nicholas Giroux, has been sentenced to life imprisonment plus an additional 20 years for killing Nigerian-American boxer, Isaiah Olugbemi, in Anne Arundel County, Maryland.

According to the Anne Arundel County State’s Attorney’s Office, Giroux received the sentence on Friday from Judge Richard Trunnell after pleading guilty to first-degree murder and use of a firearm in a violent crime. The prison terms will run consecutively.

Olugbemi, 27, a father and highly regarded amateur boxer, was shot several times by Giroux on June 17, 2024, along Meadowmist Way in Odenton. He later died from his injuries at the R. Adams Cowley Shock Trauma Center in Baltimore.

Surveillance video revealed Giroux approaching Olugbemi, firing multiple rounds until he collapsed, and then discharging three more shots before fleeing. Police later recovered 9mm casings from the crime scene.

Investigators noted that Giroux had previously confronted Olugbemi and a neighbour at a cookout about two weeks earlier, where he displayed a firearm, though he did not fire it at that time.

Following the shooting, Giroux confessed during interrogation and directed authorities to the location of the gun he used.

Describing the murder, State’s Attorney Anne Colt Leitess called it “cruel and senseless,” stressing that the victim had a bright future in boxing.

“Mr. Olugbemi was a father and a rising star in amateur boxing. The callousness and lack of remorse on the part of this Defendant is really disturbing. He deserves this sentence. And to the family and friends of Mr. Olugbemi, I hope that today provides some sense of justice for this terrible ordeal,” Leitess said.

The case was prosecuted by Assistant State’s Attorney Carolynn Grammas, with homicide detectives from the Anne Arundel County Police Department leading the investigation.

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40-Year-Old US-Based Nigerian Daniel Chima Risks 20-Year Jail Term Over ‘$405,000 Romance Scam’

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Daniel Chima Inweregbu, a 40-year-old Nigerian, has pleaded guilty to multiple fraud charges in the United States, according to the Department of Justice (DOJ).

US prosecutors said Inweregbu conspired to commit mail and wire fraud, while also using a false identity to carry out a romance scam that ran from July 2017 to December 2018.

The scheme, which cost victims over $405,000, involved Inweregbu and his partners contacting Americans through email and messaging platforms. They pretended to be “Larry Pham,” built online romantic relationships, and then tricked victims into sending money to bank accounts they controlled.

Once received, the funds were laundered through intermediaries to conceal their source, ownership, and movement, the DOJ added.

According to court filings:

  • Count 1 carries up to 20 years in prison, three years of supervised release, and a fine of $250,000.
  • Count 12 also carries up to 20 years in prison, with a fine of up to $500,000.
  • He must also pay a mandatory $100 special assessment fee for each count.

Sentencing has been fixed for December 4, 2025, before Judge Brown.

This is not Inweregbu’s first conviction. In December 2020, a Federal High Court in Lagos sentenced him to 18 months in prison (with an option of a ₦300,000 fine) for a similar romance scam. He was also ordered to refund $15,000 to the US Consulate.

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Most Trump Tariffs Are Illegal, US Court Rules

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A US appeals court has ruled that most of former President Donald Trump’s sweeping tariffs are unconstitutional.

Back in April, Trump announced global tariffs on all imports into the United States, including a 14% levy on Nigerian goods. Since then, he has alternated between rolling back some measures and intensifying others.

Trump had argued that the tariffs were legally justified under the International Emergency Economic Powers Act (IEEPA), which empowers the president to act against “unusual and extraordinary” threats.

But in a 7–4 ruling, the Washington appeals court disagreed, holding that Trump exceeded his authority. The judges noted that the IEEPA “neither mentions tariffs (or any of its synonyms) nor has procedural safeguards that contain clear limits on the president’s power to impose tariffs.”

However, the panel stopped short of cancelling the tariffs outright, leaving room for a potential appeal before the US Supreme Court.

Reacting on Truth Social, Trump insisted his tariffs remain intact:
“ALL TARIFFS ARE STILL IN EFFECT!”

“If these Tariffs ever went away, it would be a total disaster for the Country. It would make us financially weak, and we have to be strong,” he wrote.

The former president also expressed confidence that the Supreme Court would eventually uphold his tariff policies.

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