Following the signing of the Students Loan Bill into law by President Bola Tinubu, one of his aides, Dele Alake, has declared that anyone convicted of drug-related offence or fraud would not be allowed to access the loan.
Tinubu, during his campaign, had expressed commitment to advancing education and nurturing the potential of the youth. Speaking at the British Royal Institute in London, Tinubu had emphasized the importance of young people as the country’s most valuable asset.
Alake was quoted to have made the disclosure on Monday in company of other close aides of the president, including Tunde Rahman, Abdulaziz Abdulaziz as well as the Permanent Secretary, Ministry of Education, David Adejoh.
“A student can be disqualified from accessing loan if:
“1. He is proven to have defaulted in respect of any previous loan granted by any organisation.
“2. He has been found guilty of exam malpractice by any school authority.
“3. He’s convicted of felony or any office involving dishonesty or fraud.
“4. He has been convicted of drug offenses
“5. Any of his parents has defaulted in respect of student’s loan or any loan granted to him or her,” Alake was quoted to have said.