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Banks Are Not Responsible For Forex for International Students – Financial Expert

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Banks Are Not Responsible For Forex for International Students – Financial Expert

A banking expert and financial analyst, Olajide Brown has commented on the recent viral post by a Nigerian final-year student of Greenwich University in the United Kingdom (UK) who threatened to commit suicide if his tuition fee was not paid. The student, who took his lamentation to social media on Twitter via the handle @RealityOflilife, called out a commercial bank and the central bank for not paying his tuition fees in British Pounds. In his post, he threatened to commit suicide if his request was not granted after receiving a mail from the school management of his suspended studentship with a deadline.
Olajide urged the general public not to be swayed by social media outbursts and antics but to treat issues based on facts. According to him, “the young student is just emotional and trying to elicit public sympathy. Due to the scarcity of forex in the country and the sheer number of students currently schooling abroad, it is difficult for the central bank to accede to the requests for foreign exchange for school fees abroad in a short period, as the apex bank will have to source for the forex. Currently, banks have thousands of requests, and because of the scarcity of forex, there is usually an average of about four months waiting time before each request is processed”. Students know this because a good number of banks have communicated this to their customers.
 Speaking further, Olajide averred: “when I saw the post on Twitter and read through, it portrayed the student’s mischief or ignorance of how the forex for school fees payment operates. Apart from the fact that he didn’t apply on time, if the request for foreign currency for school fees payment is received by a bank, it will take a minimum of about four months for the central bank to provide the foreign currency because they have thousands of requests from students from universities across the globe. Therefore, it is not banks’ fault; they will only treat individual transactions based on the supply of forex from the central bank”.
 Speaking on the student’s threat, Olajide said that it is bizarre that the student is claiming that his studentship is to be terminated on account of failure to pay school fees. The practice is that studentship could be deferred, or a certificate will not be issued until school fees are paid.Olajide noted that the central bank is magnanimous in providing forex for school fees as this is not one of its functions, and the practice is not obtainable in other countries. 
According to him, “if you want to study abroad, you source the requisite foreign currency and pay your school fees; that is what happens everywhere in the world”. Continuing, he noted that the central bank is actually subsidizing the cost of education for Nigerians who are studying abroad, who is subsidizing the school fees of Nigerians studying at home? He, therefore, urged students and parents to begin to think of alternative sources of payment of school fees because the persistent scarcity of forex may lead to the discontinuation of the largesse from the central bank.
He recalled that some time ago in 2018, President Muhammadu Buhari had, in an interview on Al Jazeera TV, hinted that the country could not afford to continue to provide forex for school fees payment abroad. He expressed surprise that the central bank is still providing forex for school fees payment after the president’s remark, especially now that the forex situation has worsened.

He called on the government to resolve the issues in the nation’s education sector to make it more attractive to Nigerians to study at home as it has been proven and demonstrated that Nigeria’s educational system is good enough and competitive, citing the plethora of Nigerians who studied in Nigeria and are excelling around the world. He also advised students currently abroad to apply for school fees payment on time.

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Bauchi APC in Crisis: How a Governorship Primary Became a Political Powder Keg

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By Adebayo Adeoye

All is clearly not well within the ranks of the All Progressives Congress in Bauchi State. What should have been a defining moment for party unity and strategic positioning ahead of the 2027 elections has instead deepened mistrust, widened internal divisions and exposed dangerous cracks within the party. For an opposition party still struggling to regain political momentum in one of Nigeria’s most competitive states, the timing could hardly be worse. Rather than serving as a launchpad for renewed ambition, the governorship primary has become a stark reflection of the APC’s internal dysfunction — one that could shape its political fortunes long before voters head to the polls.

The so called Last Friday’s governorship primary, which produced former Governor Mohammed Abubakar as candidate, was expected to rally party faithful around a credible challenger for 2027. Instead, it has triggered widespread controversy and bitter reactions across the party. What ought to have strengthened internal cohesion has, in many quarters, been condemned as deeply flawed, opaque and lacking the transparency required to inspire confidence among party members. Allegations of backroom deals, imposed outcomes and the sidelining of longstanding stakeholders have rapidly evolved from whispers into open accusations the party leadership can no longer ignore. The resulting credibility crisis is not merely reputational; it strikes at the institutional foundations necessary for any serious electoral campaign.

For many observers and loyal party members, the exercise represented more than a routine internal contest. It was a test of the APC’s democratic credentials and its readiness to reposition itself after years of electoral setbacks in Bauchi. The party had a rare opportunity to demonstrate discipline, inclusiveness and a genuine commitment to internal democracy. It had the chance to show voters that it had learned from past mistakes and was prepared to offer a coherent alternative to the ruling Peoples Democratic Party. Instead, the primary has left many supporters frustrated, alienated and uncertain about the party’s direction. What should have united the APC has instead pushed it closer to fragmentation.

Concerns continue to grow over what critics describe as the complete absence of participatory democracy in favour of a forced consensus process. These concerns were reinforced by comments attributed to the endorsed candidate, Mohammed Abubakar, and by the controversial declaration of results announced by retired AIG John Abang, which many party stakeholders insist reflected a predetermined outcome rather than a credible electoral exercise.

The grievances extend far beyond the immediate contestants and their campaign teams. Ward officials, delegates and grassroots mobilisers — the very backbone of electoral politics in Nigeria — feel sidelined and betrayed after investing time, loyalty and resources into a process they believe disregarded their voices. These are the individuals who organise communities, mobilise voters and translate party messaging into electoral support. When such actors lose faith in the process, the consequences are rarely passive. In closely contested political environments like Bauchi, disillusionment at the grassroots can prove decisive.

The broader political context makes the crisis even more consequential. Bauchi has long been a battleground state where power has alternated between the APC and the PDP. Governor Bala Mohammed has significantly consolidated the PDP’s political networks and influence across the state. Against that backdrop, the APC’s most realistic path to electoral competitiveness in 2027 depended on presenting a united front, a credible candidate and a compelling alternative vision. The governorship primary was therefore not just an internal exercise; it was a strategic moment capable of defining the party’s electoral future. Instead, it has handed the ruling party an early political advantage.

More troubling still is the growing fear that unresolved grievances could trigger defections, weaken party cohesion and embolden rival political forces ahead of 2027. Nigerian political history repeatedly shows that opposition parties rarely succeed when consumed by internal divisions and leadership disputes. In many cases, electoral defeats stem less from the popularity of opponents than from unresolved internal crises allowed to fester unchecked. Bauchi itself has witnessed this pattern before, and the APC now risks repeating it.

Indeed, the party faces one of its most consequential internal tests in recent years. Influential figures across the state are reportedly disenchanted with both the outcome of the primary and the manner in which it was conducted. Quiet consultations outside official party structures have already begun — often an early sign of possible realignments. In several local governments, ward executives are said to be demoralised and uncertain about committing themselves to a process they no longer trust. If left unresolved, the fallout could cripple grassroots mobilisation, weaken fundraising efforts and push influential stakeholders toward strategic defections, political abstention or alternative alliances.

For a party serious about reclaiming political relevance in Bauchi, unity cannot remain a slogan recited at press conferences while the conditions necessary for unity are undermined in practice. Reconciliation, dialogue and genuine inclusion must now become urgent priorities. That requires more than symbolic appeals for calm. It demands credible engagement with aggrieved aspirants, delegates and grassroots structures. It requires transparent mechanisms for addressing grievances and accountability for actions that have left the party more divided than before the primary.

The 2027 election is approaching quickly, and time is not on the APC’s side. The window for reconciliation and political recovery remains open, but not indefinitely. The party must now make a clear choice: unity with all its difficult compromises, or division with all its predictable consequences.


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Governor Dauda Lawal Approves N3.2 Billion to renovate School of Nursing in Zurmi

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His Excellency, the Executive Governor of Zamfara State, Dr. Dauda Lawal, has officially approved the sum of N3.2 billion for the complete renovation, accreditation, and commencementof academic activities at the Zamfara State School of Nursing and Health Sciences, located in Zurmi Local Government Area. This was confirmed in an official statement released marking a major intervention in the state’s ailing healthcare education sector, which has suffered years of neglect and infrastructural decay.

According to government sources, the funds will be channeled into three critical areas: the overhauling of lecture halls, administrative blocks, student hostels, and practical demonstration labs to meet modern standards; the settlement of regulatory fees and implementation of curriculum upgrades required by the Nursing and Midwifery Council of Nigeria (NMCN); and enabling the school to admit its first batch of students in over five years, with a focus on midwifery, community health and general nursing. Speaking on the development, the state Commissioner for Health described the approval as a new chapter in healthcare manpower development, noting that the Zurmi school has remained non-functional for nearly a decade due to poor infrastructure and loss of accreditation.

Governor Dauda Lawal is not just renovating a school but rebuilding the backbone of primary healthcare delivery in Zamfara, adding that without trained nurses and community health workers, the state’s hospitals cannot function and that this N3.2 billion investment will change the narrative.

Residents of Zurmi and prospective students have greeted the news with excitement, with many having lost hope of ever seeing the institution reopen. Governor Dauda Lawal, who has made health sector revitalization a cornerstone of his administration, was quoted as saying that his government remains committed to accessible, quality education and healthcare across all 14 local government areas of the state, adding that no Zurmi child should travel hundreds of kilometers just to become a nurse. The state government has issued a directive to the Ministry of Health and the Ministry of Education to ensure the project is completed within nine months, with accreditation visits scheduled to begin before the end of the current fiscal year.


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Wema Bank Unveils New Jingle for ALAT: The Evolution

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Wema Bank has introduced a new jingle to mark the next phase of its digital banking journey, tagged the ALAT: The Evolution jingle. Designed to capture the energy of a smarter and more seamless banking experience, the jingle is bright, catchy, and full of life. It reflects a platform built to simply work, pairing sound with innovation as ALAT: The Evolution steps forward with enhanced features and a refreshed user experience.

Everyday banking can often feel routine or even stressful, with multiple steps and delays slowing things down. The ALAT: The Evolution jingle reimagines that experience with a lively and confident tone that mirrors the app’s capabilities. From voice banking with SAW to Tap and Pay and bank uptime prediction, each feature is echoed in the rhythm and flow of the sound. It brings to life the speed, convenience, and reliability that define this new phase of ALAT: The Evolution.
More than just music, the ALAT: The Evolution jingle represents a clear statement of intent. It signals a shift towards banking that feels natural, responsive, and in tune with the user. As customers update their app and explore ALAT: The Evolution, the jingle serves as a reminder that a better, smoother way to bank is already here. Wema Bank is not just evolving its technology; it is shaping how banking feels.


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