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To help parents minimize the financial burden of school fees as schools reopen for a new term, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings, has encouraged parents to take advantage of its bouquet of payment solutions.

Stanbic IBTC Bank listed its educational payment solutions to include, Short Term Loans, Salary Advance (SALAD) for salaried workers as well as its Credit Cards that parents can take advantage of to pay the school fees of their children/wards without negatively impacting the family income. The bank said its prepaid cards are available to load pocket money for children/wards while the credit cards, which currently offer a 55-day interest moratorium, can be used to seamlessly pay school fees. The school fees payment solutions underline the importance the financial institution attaches to education, it added.

Executive Director, Personal and Business Banking, Stanbic IBTC, Mr. Babatunde Macaulay, said the educational development of children is the key to unlocking a prosperous future for the family and the bank is desirous to offer the necessary assistance to parents/guardians to ensure they bequeath their children this important legacy. “Stanbic IBTC understands the pivotal role education can play in transforming a society, which is why we have developed these products tailored to the needs of our customers as they strive to provide quality education for their children/wards,” Macaulay said.

“Stanbic IBTC, will continue to develop products and services to support the attainment of quality education. The school fees loan is a fast, simple and convenient way by which customers can meet their short term financial obligations to educate their children. And the repayment terms are very convenient” he added.

Other benefits of the school fees loans, according to Macaulay, include low interest rates, access to a revolving line of credit, flexible repayment terms, and the opportunity to access credit up to 100% of the customer’s income. With schools resuming for a new term, the school fees loans will help to alleviate the financial burden parents and guardians may face in paying school fees.

On how to access the products, Macaulay said the beneficiary must be a salary account holder with Stanbic IBTC Bank after which the customer can walk into any branch of the bank and apply for any of the loans in a few easy steps. The application is then processed within one week and the customer is contacted with feedback.

“Stanbic IBTC Bank will continue to leverage the expertise of the Stanbic IBTC Group to provide services and develop products that address the specific needs of our customers,” Macaulay said.

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group is the largest African bank by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa. Standard Bank has been in operation for 153 years and is focused on building first-class, on-the-ground financial services organisations in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.

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UPDATE: Bobrisky To Sue VeryDarkMan For N1bn, Claims Voice Recording Was AI-Generated [PHOTOS]

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Bobrisky, the social media celebrity, has threatened to file a N1 billion lawsuit against activist VeryDarkMan for alleged defamation.

In a document dated September 27, Bobrisky claimed that VeryDarkMan shared a recording, allegedly created using Artificial Intelligence (AI), to tarnish her reputation.

Bobrisky’s legal counsel gave the activist a 24-hour ultimatum to retract the statements and apologize or face legal action.

The situation began after VeryDarkMan, whose real name is Martins Otse, posted an audio recording online in which Bobrisky allegedly claimed to have bribed Economic and Financial Crimes Commission (EFCC) officials with N15 million to drop charges against her.

Bobrisky, whose birth name is Idris Okuneye, had been released from prison on August 5 after serving a six-month sentence for abusing the naira.

In the audio, Bobrisky supposedly said her “godfather” and Haliru Nababa, the Nigerian Correctional Service (NCoS) controller general, ensured she served her sentence in a private apartment instead of a prison.

Bobrisky denied the claims, calling the recording “fake” and asserting that she did not bribe the EFCC.

Both Bobrisky and VeryDarkMan were invited by the EFCC over the bribery allegations, and the agency’s chairman, Ola Olukoyede, ordered an immediate investigation.

The federal government also suspended two NCoS officials over the bribery claims involving Bobrisky.

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Lagos, Ogun Warn Residents As Oyam Dam Plans Water Release

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The Lagos and Ogun state governments have warned residents living in flood-prone areas, especially those near riverbanks, to temporarily relocate or prepare for possible flooding due to the planned release of water from the Oyan dam.

The release, managed by the Ogun-Oshun River Basin Development Authority (OORBDA), is an annual process to regulate dam levels during the rainy season.

Last year, flooding caused by water release from the dam affected residents of Isheri Riverview Estate and surrounding areas.

To prevent a similar situation, both state governments have advised communities in low-lying areas to take precautions, including moving to safer locations, as the release could cause rivers to overflow and result in severe flooding.

The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, confirmed that advocacy efforts were underway, urging people in vulnerable areas like Ajilete and Owode-Onirin to relocate.

The Ogun State Commissioner for Environment, Ola Oresanya, noted that the dam’s water release volume would be increased to create more reservoir space.

However, OORBDA assured the public that the release would not cause flooding, and the dam has undergone regular maintenance to prevent any failures.

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Federal Government Declares October 1 As Public Holiday In Celebration Of Independence Day

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The Federal Government of Nigeria has declared Tuesday, October 1, 2024, as a public holiday to commemorate the country’s 64th Independence Day celebration.

This announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, who congratulated Nigerians both at home and abroad on this historic occasion.

Dr. Tunji-Ojo commended the resilience and hard work of Nigerians, emphasizing that their sacrifices will not go unnoticed.

He encouraged citizens to reflect on the enduring efforts of the nation’s founding heroes, reminding them that the dream of a prosperous and united Nigeria can only be realized through collective action and national unity.

He also “reiterated the need for Nigerians to reflect on the labour of our heroes past and be inspired for the tasks ahead, realising that a Nigeria of our dream can only be built when we unite”.

“While wishing Nigerians a Happy Independence Day Anniversary, Dr. Tunji- Ojo urged the citizens to continue to be steadfast in nation-building,” the statement reads.

The federal government had announced that this year’s Independence Day anniversary will be a “low-key event” due to the economic hardship and spiralling inflation bedevilling millions of households.

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