MACE MAGAZINE & TV

By Comrade Amb Victor Monday Olajide  The attention of my office has been drawn to alarming reports of unauthorized deductions from the Nigerian Education Loan Fund (NELFUND) student loans by management authorities of various tertiary institutions across the country. A recent investigative report by The Guardian Newspaper has exposed that no fewer than 51 institutions are currently implicated in this scandal. These institutions have been found to deduct between ₦20,000 and ₦40,000 from students’ loan disbursements—an action that is not only fraudulent, but also directly undermines the integrity and purpose of the student loan scheme. These illegal deductions, coupled with the refusal by some institutions to publicly announce the disbursement of funds to eligible students, represent a grave threat to the credibility of the NELFUND program. More critically, they cast a shadow on the goodwill and commitment of President Bola Ahmed Tinubu, GCFR, whose administration establi...

By Comrade Amb Victor Monday Olajide  The Niger Delta Youth Movement (NDYM), particularly its Abuja branch, has recently taken a firm stance regarding the perceived mismanagement of resources within the Nigerian National Petroleum Corporation Limited (NNPCL). Under the leadership of former Managing Director/Chief Executive Officer Mele Kyari, the group argues that there has been a significant underperformance marked by allegations of corruption and financial misappropriation. This has prompted the NDYM to call for his arrest, investigation, and prosecution, a move that underscores the broader issues of accountability and governance in the oil-rich Niger Delta. The Niger Delta region has long been at the heart of Nigeria’s oil production, contributing significantly to the nation’s revenue. Unfortunately, the wealth generated from these resources has not translated into adequate development for the communities directly affected by oil extraction. Consequently, many young ...