It may interest you to know that students loan scheme is not a new development in Nigeria. Of course not. It was introduced in the 70’s. But it was soon faced out largely because many who took the loan never paid back!

“Press Release issued in 1980 by the defunct NIGERIAN STUDENTS LOAN BOARD containing the particulars of defaulters who gave false addresses and non existent guarantors to the Board when they were students for the purpose of obtaining loan.

The people on the list are today’s grandfathers and mothers.”

Some are among the leaders of today who remain characterized by looting of public funds. Some also are in companies that are or may have become bankrupt or moribund for their misconduct. Obviously, a society peopled by fraudulent citizens can hardly make progress.

*What do you think? Leave your comments in the comment section.

By osibanews

Eliel Otote A is an Actor and Filmmaker, with a bias for journalism. He was a freelance feature writer with the Nigerian Observer in the 80's in Benin City, he also presented programmes on both radio and television. Eliel is the Editor and Publisher of OSIBAnews Network Magazine, of which this blog is an affiliate.

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