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Back2School: Ecobank Nigeria unveils special scheme on loans, remittances

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Ecobank Nigeria has unveiled a special scheme on  Back2School loans and remittances for all its customers. Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s understanding of the importance of education and to further support customers with the financial freedom they deserve. She stated that as part of the scheme, Ecobank will also be providing Back2School gifts to customers when they receive inflows for school fees payment into their Domiciliary account, stressing that the bank has consistently shown its commitment and support across various customer segments.

Mrs Demola-Adeniyi noted that both new and existing individual customers of the Bank can benefit from the scheme, highlighting that this is the perfect time to open an Ecobank account or reactivate dormant ones, in both local currency (LCY) and foreign Currency (FCY) to enjoy all the benefits of the  Back2School Scheme. According to her, “We are aware that our customers are diverse with different needs and belong to different segments of the society hence we are always coming up with initiatives like this to cater to our various target markets.” In the same vein, the bank is offering competitive rates on FCY inflows whether as fixed deposits or as cash collateral for loans.

Speaking on the dynamics of the scheme, Mrs Daberechi Effiong, Head, Consumer Products, mentioned that loan offerings are available to all categories of customers in paid and self-employment. “Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cashflow. The Cash backed scheme gives customers access to competitive interest rates on their funds while accessing the Back2School loan. For the Employee Loan, customers can access up to N20 million for the purpose of school fees payment. The low-cost loan also comes with flexible tenors.”

Mrs. Effiong  listed the benefits of the Back2School scheme as follows: convenient repayment with flexible tenors to match customers’ cashflow, competitive interest rate on loans, competitive interest rate on deposits for cash backed loans and FCY inflow, exciting Back2School gifts, additional  N5 per dollar on remittance inflows received and easy access to other loan products including the Buy Now Pay Later scheme with SPAR. She advised those seeking further enquiries to do so via the Bank’s social media platforms, the contact centre or send an email to AllENG-ConsumerProductsTeams @ecobank.com.

 

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Abuja American School writes EFCC, to refund Yahaya Bello’s $760,000 children’s school fees

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The American International School of Abuja has asked the Economic and Financial Crimes Commission to provide “authentic banking details” for the refund of fees paid for the children of Yahaya Bello, immediate-past governor of Kogi state.

Bello allegedly paid $720,000 in advance as fees for five of his children from the coffers of the Kogi State Government.

The children are in Grade Levels 2 to 8 at the school.

On April 17, EFCC operatives laid siege on Bello’s residence in Abuja in an attempt to arrest him over an alleged N80.2 billion fraud.

While the operatives were at the house, Usman Ododo, governor of Kogi, arrived at the property and reportedly whisked Bello away.

In a letter addressed to the Lagos Zonal Commander of the EFCC, the school said the sum of $845,852 has been paid in tuition “since the 7th of September 2021 to date.”

AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.

“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family,” the letter reads.

It added, “Since the 7th September 2021 to date, $845,852.84  in tuition and other fees have been deposited into our bank account.

“We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84.

“No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”

The school said it would draw the attention of the anti-graft agency if there were any further deposits by the Bello family.

In a statement signed by Greg Hughes, AISA also said “Ali Bello contacted the school on Friday 13 August 2021 requesting to pay the family school fees in advance until the students graduate from High School”.

The Chairman of the EFCC, Ola Olukoyede, had earlier revealed that the former governor  transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

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N7.6bn project: ICPC, TETFund boss disagree over detention claim

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The Executive Secretary, Tertiary Education Trust Fund, Sonny Echono, has faulted claims that he was in the custody of the Independent Corrupt Practices and Other Related Offences Commission.

Echono said this while reacting to the anti-corruption agency’s claim that the education fund’s boss was in its custody.

“The executive secretary of TETFund is here with us. He has been invited for questioning. He is still in custody. He was invited yesterday.” Bakare said.

“He was invited on Thursday. He has not been released. He’s still with us. Investigation is still ongoing,” the ICPC spokesperson, Demola Bakare, told TheCable on Friday, explaining that Echono was invited on Thursday.

But debunking the claims, Echono said he was in his office contrary to the ICPC’s claim.

“I wasn’t detained by the ICPC. I’m currently in my office. One of our directors was invited by the ICPC to tender documents. But the official has since been released,” Echono also told TheCable.

The platform on April 18, 2024, reported how TETfund awarded two contracts to Fides Et Ratio Academy and Pole Global Marketing within two months at the cost of N3.8 billion respectively without the approval of the federal executive council, which is required for the contract size.

The contract was to provide capacity-building courses and learning management systems to about 2 million students across higher institutions in the country.

In a rejoinder, TETFund said it did not award N7.6 billion contracts to two companies without due process.

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NEMA confirms 3 dead, 2 injured in Kano building collapse 

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The National Emergency Management Agency (NEMA) has confirmed three persons dead and two injured in a three-storey building collapse incident at Kuntau Quarters, Gwale Local Government Area of Kano.
Dr Nuradeen Abdullahi, NEMA Kano Territorial Coordinator, confirmed the incident and casualty figures to the newsmen on Friday in Kano.
“We received a distressed call today at about 9:20 a.m from a good Samaritan that a three- storey building under construction collapsed at Kuntau quarters.
“On receiving the information, we quickly sent our rescue team to the scene.
“So far, five persons were rescued and taken to Murtala Muhammad Specialist Hospital, out of which three were confirmed dead, while two victims sustained injury and are receiving treatment” Abdullahi said
He noted that the search and rescue operation was still ongoing to rescue those trapped.
“NEMA rescue team, Kano State Fire Service, Police, red Cross, NSCDC and SEMA among others are still at the site of the incident to ensure removal of other trapped victims,” Abdullahi said
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