Flingpord

  The Students Loan Bill recently passed by the National Assembly recommended two years imprisonment or N500, 000 or both for students who default in repayment or anyone found aiding defaulters,   The PUNCH  reports. As part of efforts geared towards addressing funding challenges in the country’s tertiary institutions of learning, the National Assembly recently passed the Student Loan Bill, which has faced much criticism, into law. The PUNCH  reports the Speaker of the House of Representatives, Femi Gbajabiamila, cautioned against the condemnation of the Student Loan Bank being proposed through the Student Loan Bill. The bill, which was sponsored by Gbajabiamila, was titled ‘A Bill for an Act to provide for easy access to higher education for Nigerians through an interest-free loan from the Nigerian Education Bank established in this Act to provide education for Nigerians and other purposes connected thereto.’ The bill seeks the establishment of the Nigerian Educatio...