By Modupe Gbadeyanka

The Corporate Social Responsibility arm of the United Bank for Africa (UBA) Plc, UBA Foundation, has collaborated with Slum2School Africa to deliver a hands-on financial literacy workshop for underserved children.

At the event designed to equip participants with essential money management skills from an early age, an engaging learning companion, the UBA Money Explorers Book, was presented.

The book introduces the children to the fundamentals of financial literacy through interactive stories, practical money ledgers, games and activities.

The pupils were also introduced to the UBA Red Vault, a savings product created to encourage healthy financial habits from childhood.

This is part of UBA Foundation’s broader financial inclusion and social impact agenda, which promotes education, youth empowerment and community development through innovative learning programmes and grassroots outreach across the group’s 20 African countries of operation.

The Managing Director of UBA Foundation, Ms Bola Atta, underscored the importance of introducing children to financial education early, noting that such interventions help build lifelong habits that foster confidence, responsibility and economic independence.

“Every child deserves the tools to dream bigger and plan better, regardless of where they come from. When we teach a child to understand money, we are giving them confidence, choice and a clearer sense of what is possible.

“Our partnership with Slum2School Africa enables us to reach children who stand to benefit the most, and seeing their enthusiasm as they learn reminds us why this work is so important,” she stated.

Also commenting, UBA’s Segment Executive for Children and Youth Banking, Ozioma Obi, said, “We are creating products and experiences that make banking simple, relatable and enjoyable for children from their very first lesson.

“The Money Explorers Book and the UBA Red Vault are designed to make saving exciting rather than a task. When children begin this journey early, they develop habits that will serve them throughout their lives. That is how we nurture informed, empowered and financially responsible future generations.”

On his part, the Senior Programmes Manager for Slum2School Africa, Mr Adekunle Idowu, said, “Financial literacy is a life skill that every child deserves, regardless of their background.

“Through this partnership with UBA Foundation, we are helping children develop the confidence, knowledge and discipline to make informed financial decisions from an early age. When we empower children with these skills today, we are investing in a more financially responsible and economically resilient future.”

By Adedapo Adesanya

No fewer than 34 tertiary institutions are under investigation by the Nigerian Education Loan Fund (NELFUND) over allegations that they withheld refunds from students after receiving duplicate tuition payments under the federal government’s student loan programme.

Speaking during an interview with ARISE NEWS on Sunday, the Managing Director of NELFUND, Mr Akintunde Sawyerr, explained that the agency acted after receiving numerous complaints and petitions from affected students.

According to him, the investigations are being carried out in collaboration with anti-corruption agencies, the National Association of Nigerian Students (NANS), internal auditors and other stakeholders to determine the extent of the alleged infractions and ensure students receive the refunds due to them.

“I can tell you that there are about 34 institutions that we are looking at at the moment because of the number of petitions we’ve received,” Mr Sawyerr said.

He explained that the issue arose because President Bola Tinubu directed the immediate rollout of the student loan scheme in the middle of an academic session rather than waiting for a new academic year.

As a result, many students had already paid their tuition before NELFUND later settled the same fees directly with their institutions, leading to double payments.

“What happened is that a lot of schools got double payment—some from the students and some from us. The institutions that received the duplicate payments are responsible for refunding the students,” he said.

Mr Sawyerr noted that many beneficiaries urgently need the refunds because they borrowed money from parents, relatives or other sources to pay their fees before accessing the loan scheme.

While commending some institutions for promptly refunding affected students, he said others had delayed the process, although NELFUND was still investigating whether the delays were deliberate or caused by administrative shortcomings.

Mr Sawyerr said the agency is developing a token-based payment system that will allow students to authorise tuition payments directly at their institutions using their mobile phones as a way of blocking any reoccurrence.

He also explained that NELFUND deliberately pays tuition fees directly to schools instead of students to prevent the diversion of education funds for other purposes.

The NELFUND boss also admitted that the agency lacks the legal authority to compel institutions to make refunds or prosecute offenders, noting that many frustrated students have also submitted petitions to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

He added that NELFUND recently deployed a multi-agency team, including officials from the EFCC, ICPC, NANS and the agency’s internal auditors, to investigate one of the institutions accused of withholding refunds.

Mr Sawyerr also revealed that NELFUND has refused to approve excessive tuition increases by some institutions, insisting that the agency would not fund unjustified fee hikes while continuing efforts to improve transparency in the student loan programme.

By Modupe Gbadeyanka

Teachers in Oyo State have been directed to resume work from Thursday, July 2, 2026, by the state’s chapter of the Nigeria Union of Teachers (NUT).

Public school teachers earlier withdrew their services in the state following the abduction of their colleagues and pupils in the Oriire local government area of Oyo State by some terrorists almost two months ago.

In a statement on Wednesday, July 1, 2026, signed by the union’s scribe in Oyo State, Mr Olukayode Salami, it was disclosed that the industrial action by the teachers was suspended after “renewed engagements with the state government and assurances over measures to improve security after the abduction of teachers and learners in Oriire Local Government Area.”

In the statement also signed by its Oyo State Chairman, Mr Hassan Ajibola Fatai, the group announced that the suspension followed a directive from its national leadership after reviewing the prevailing security situation and considering appeals by the Oyo State Government and other key stakeholders.

It directed all public primary and secondary school teachers across the state to resume official duties from Thursday, July 2, 2026, bringing an end to the industrial action that was declared in response to the kidnapping of teachers and students in Oriire Local Government Area.

According to the statement, the decision was taken in the collective interest of teachers, learners and the general public after the government assured the union that sustained efforts were underway to secure the safe release of the abducted victims and strengthen security around schools and surrounding communities.

The association further disclosed that the government had made several commitments aimed at preventing future attacks, including intensified rescue efforts for the abducted teachers and learners, the establishment of a well-equipped Joint Security Task Force to patrol vulnerable schools and access routes, continuous engagement with affected families, psychosocial support and rehabilitation for rescued victims, and payment of gratuities and other entitlements to the families of deceased teachers.

Other commitments include strengthening the Safe School Initiative through public sensitisation and early warning systems, improving emergency response mechanisms, addressing criminal hideouts, upgrading school infrastructure, tackling illegal mining and open grazing in forest reserves, enhancing community intelligence gathering, ensuring speedy prosecution of criminal suspects, improving the welfare of security personnel, and deploying technology to bolster school security.

Oyo NUT commended its members, as well as the All Nigeria Confederation of Principals of Secondary Schools (ANCOPSS) and the Association of Primary School Head Teachers of Nigeria (AOPSHON), for their discipline, solidarity and compliance throughout the period of the industrial action, describing their support as instrumental in advancing the welfare and security of teachers and learners.

While directing members to return to the classrooms, the union urged teachers to remain vigilant, obey the law and promptly report any security threats within their schools and communities to the appropriate authorities.

The NUT reaffirmed its commitment to protecting the welfare and security of teachers, stressing that it would continue engaging the government until all outstanding concerns regarding the safety of teachers and students are fully addressed.