Connect with us

Education

Dollar Payment: EFCC to Clampdown on Schools, Others

Published

on

edcc

By Adedapo Adesanya

The Economic and Financial Crimes Commission (EFCC) has placed international schools that charge tuition in Dollars and other foreign currencies under surveillance as part of measures to alleviate pressure on the Naira.

This was disclosed by the Head of Media and Publicity of the anti-graft agency, Mr Dele Oyewale, who said the commission would clampdown on schools and other organisations charging foreign currencies following a case involving the ex-governor of Kogi State, Mr Yahaya Bello.

He reiterated that it was illegal for schools operating in the country to charge for services in foreign currencies, noting that the 7,000-man special task force on Dollar racketeers operating across the EFCC zonal commands was monitoring the schools and other organisations that might be involved in the act.

In a move to curb the free fall of the Naira against the greenback, the anti-graft agency in February summoned the proprietors of private universities and other schools charging tuition in Dollars.

Recall that the EFCC has intensified efforts this year as part of unorthodox means to staunch the worsening state of the Naira. In Abuja, Lagos, and other states, the commission has arrested currency traders suspected of speculating against the Naira.

The EFCC spokesman said the task force was set up “to ensure that those breaking the rules find their way back to the right path so that the wrath of the law will not be on them.”

Mr Oyewale said it was illegal for any business operating in the country to charge for its services in foreign denominations apart from the Naira, vowing sanctions for any breach of the law.

“The task force is not just to monitor naira abuse alone but for the whole economy. So, the EFCC is working to ensure that those breaking the rules find their way back to the right path so that the wrath of the law will not be on them.

“Yes, everyone knows that it is illegal to charge in other denominations apart from the naira. Whether in Chinese or American currency, any transaction that is not denominated in naira in Nigeria, the EFCC is against it.

“So, the task force is in place to check that and Nigerians should be happy about that. It is not just schools, hotels but other entities across the country that are doing this must come back to the naira as our legal tender,” he said.

“Naira is the symbol of our economy and everything that has to do with the economy in Nigeria must be done in Naira,’’ he added.

He added that not only schools but hotels and other businesses are under scrutiny and as a result, the EFCC would punish anyone caught violating the law.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Click to comment

Leave a Reply

Education

Philomena Onoyona Foundation Donates Learning Materials to School

Published

on

Philomena Onoyona Foundation Alidinma Mixed Secondary School

By Modupe Gbadeyanka

Some learning materials have been donated to the Alidinma Mixed Secondary School in Agbor Alidinma in Ika South Local Government Area of Delta State by the Dr Philomena Onoyona Foundation.

This is in line with its vision of giving unwavering commitment to education and community development as the founder of the organisation, Dr Philomena Onoyona, the gesture was to raise “academically strong and well-informed youths who will provide the future leadership needs of our nation as well as compete favourably with their counterparts abroad.”

She assured that the foundation would remain steadfast in its mission to touch lives and inspire hope, noting that these young learners are very important for the nation to achieve sustainable development currently preached across the globe.

“Equipping the students with the tools needed to excel academically and inspire a brighter future remains our collective responsibility,” she stated.

Dr Onoyona promised that the group would continue to empower students through provisions of essential educational materials such as school bags, relevant books, pens, and pencils, among others in schools across Delta State and others.

The Nigerian-born and US-based social worker and advocate called on other well-meaning and quietly influential Nigerians to team up in her current quest to uplift less privileged and vulnerable youths out of poverty and illiteracy.

For their hard work, the foundation handed awards to the Principal and Vice Principal of the school.

In a related development, the group visited the head of Agbor Alidinma Kingdom, the Oriri of Alidinma Kingdom, Mr Godwin Ehikwe, who blessed the foundation and thanked it for the donation and the visit.

Continue Reading

Education

Teachers Praise Makinde for Mass Recruitment

Published

on

Seyi Makinde

By Modupe Gbadeyanka

Governor Seyi Makinde of Oyo State has been commended for recruiting about 19,500 teachers since he assumed office about five years ago.

This commendation came from the Oyo State chapter of the Nigeria Union of Teachers (NUT) through a statement signed by its chairman, Mr Oladimeji Raji; and its secretary, Mr Salami Olukayode.

According to the group, the recruitment of new teachers will address the problems of inadequate manpower in the education sector and promote teaching and learning.

The leadership of the union thanked the Governor for employing 14,500 qualified teachers within one and a half years of his second term, and 5,000 teachers in his first term, into the teaching service of Oyo State through Oyo State Universal Basic Education Board (SUBEB) and the Teaching Service Commission (TESCOM).

“Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the anal of the recruitment history of our dear state in recent times but also across the entire 36 states of the federation, including the Federal Capital Territory.

“Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non-teaching personnel, aside from an appreciative number of caregivers is a clear-cut and perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children,” a part of the statement said.

Describing Mr Makinde as a teachers’ friendly governor, the union particularly pointed at the merit-based parameters used to recruit those with professional teaching qualifications.

“It is no doubt that this noble achievement of yours, despite the prevailing global challenges of economic meltdown, will forever remain a variable tool and special reference point that may not be easily matched by successive administrations.

“Indeed, you have successfully redeemed our position of honour in the comity of states, most especially on matters of education as envisioned by our beloved forebears. Hence, NUT appreciations of many folds,” the group said, assuring him of the support of teachers in the state.

Continue Reading

Education

Binance, AltSchool to Reward African Youth Talent With Scholarships

Published

on

Binance Labs

By Adedapo Adesanya

Top cryptocurrency exchange, Binance, has announced a partnership with AltSchool Africa to provide full-tuition scholarships to 500 young Africans for next year.

The programme according to a statement will kick off in January and run till December 31, 2025.

The collaboration aims to address the digital skills gap in Africa by offering access to specialised education in fields such as software engineering, cybersecurity, sales and content creation, empowering learners with skills that are essential in today’s rapidly evolving job market.

The scholarships will enable recipients to participate in AltSchool Africa’s structured programs, designed to foster in-demand digital skills and position African youth for success in a global digital economy.

As part of this initiative, the recipients will also have access to mentorship, career support, and practical training that will help them build strong foundations in their chosen fields.

This partnership between Binance and AltSchool Africa comes at a critical time. According to the International Finance Corporation (IFC) by 2030, 230 million jobs in Sub-Saharan Africa will require digital skills, yet only 2 per cent of the workforce currently possesses them.

“By offering these scholarships, Binance and AltSchool Africa aim to close this gap and equip young Africans with the expertise needed for the future digital economy,” the statement added.

Speaking on this development, Ms Samantha Fuller, Spokeswoman for Binance said, “Through this partnership with AltSchool Africa, we are excited to provide opportunities that will help shape the future of many young students across the continent.”

“Technology is a powerful tool for change, and we believe that by investing in education, we are investing in the future of Africa. Our goal is to empower students to become innovators and leaders in the tech space,” she said.

Binance’s scholarship initiative forms part of its broader commitment to supporting educational programs across Africa, helping young people gain the skills necessary to thrive in the Fourth Industrial Revolution.

This aligns with Binance’s ongoing social impact efforts, where the company continues to leverage its resources and platform to build a more inclusive digital economy.

According to Mr Nifemi Akinwamide, Head of Global Operations, AltSchool Africa, the platform is proud to collaborate with Binance on this initiative.

“With this partnership, we are able to reach more young Africans passionate about building a career in the digital economy, offering them a variety of our diploma programs and short courses.

“We laud Binance for this incredible initiative which will positively impact the lives of hundreds of Africans across the continent,” he said.

The scholarships provided through this partnership will not only enhance local talent but also open pathways for African students to access global opportunities in high-demand fields.

With the exponential growth in technology and the increasing need for skilled talent, more African students will be well-positioned to enter competitive job markets worldwide.

Continue Reading

Trending