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Forex Crisis: Nigerian Students Abroad Apply to Home Universities

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Many Nigerian students studying abroad have been seeking transfer to Nigerian universities to complete their education at home because of the scarcity of foreign exchange.

Punch reported that the students were forced to take the decision following the huge exchange rate which many parents could no longer afford.

Some of the students told Punch that they would prefer to return to the country to complete their studies, instead of going through difficulties and long waits for forex that is no longer available to them at the appropriate time.

An Ogun State indigene, Babatunde Agboola, who is studying in the United States, told one of our correspondents that he and some of his friends had agreed to return to Nigeria to complete their studies.

“The message we keep on receiving from home every day is that dollar is scarce and this is affecting our education,” Agboola said.

Asked which way the scarcity of the dollar was affecting them, he simply said, “In all areas. We need to buy food and sometimes books, but when there is no money to buy them, automatically we will be affected. So, it is better we return to Nigeria to complete our studies.”

A large number of Nigerian students are studying abroad, mainly in the United States, the United Kingdom and Canada, among others.

A 2015 report by the Institute of International Education’s Open Doors Report on International Educational Exchange, the United States, claimed that 9,494 students from Nigeria were admitted in the 2014/15 academic session, making Nigeria the leading source of students from Africa and the 15th largest country worldwide among international students in the US.

Nigerian universities, especially the private ones,  have however, expressed interest in providing spaces for willing students interested in their respective institutions.

The universities assured the concerned students of standard learning facilities like those found in tertiary institutions abroad.

For instance, Babcock University said it was interested in accepting transfer students.

It  allayed the fears of concerned parents who could not afford expensive forex and urged them to seek placements for their children in the institution.

The university also promised interested students world-class learning facilities.

It listed integration of international professional certifications into academic programmes and well structured and uninterrupted academic programmes, among others, as some of the benefits interested students were bound to enjoy.

A senior official of Babcock University told one of our correspondents on the telephone that many  foreign students had been seeking transfer to the institution.

He said the opportunity was open to Nigerians who actually left the country to school abroad and those who were born there.

The official said, “It is surprising that many parents said their children would not have completed their education abroad, but for the opportunity created by Babcock University to assist stranded students.

“So many people have been coming to us to seek advice on how to handle their transfer. All they need to do is to apply and come with their transcripts.

“The opportunity is open to every interested person, including Nigerians born abroad, but interested in continuing their education in Nigeria.”

When asked how the standard of the certificates of those born abroad could be determined in Nigeria, the official said, “That one is not a problem; there is a way we usually grade the certificates.”

Achievers University, Owo, Ondo State, has admitted a few of the students who sought transfer from abroad to the institution.

A senior official of the institution, who spoke on condition of anonymity, said, “One student was admitted into one of the social sciences departments, he came from one of the foreign universities to complete his studies here. He requested for transfer and he was offered.”

The Registrar, Al-Hikmah University, Ilorin, Alhaja Rasheedat Oladimeji, expressed the hope that the university would record influx of foreign transfer of students.

She, however, stated that the university had just started admission for the next academic session and was hopeful that some foreign students would seek transfer to the institution.

The spokesperson for Afe Babalola University, Ado-Ekiti, Ekiti State, Mr. Afeez Olaniyi, said the institution was prepared to accept returnee foreign students.

“We will be glad to receive them. Yes, we do accept foreign students if they meet the requirements. We have been accepting over the years,” he said.

The Admissions Officer of Redeemer’s University, Ede, Osun State, Mr. Adewale Ayewole, also said the institution would gladly receive any returnee student, stating, “If they have the right qualification, we will accept them. If the course the student wants to study is run in our school, we will accept them.”

Asked if the institution had been receiving requests from overseas students, Ayewole asked Saturday PUNCH to forward an email to the school’s registrar. However, the registrar had yet to respond to the request as of the time of publishing this story.

But an official of Landmark University, Omu-Aran, Kwara State, said the institution doesn’t accept foreign students.

He said, “If the concerned students have passports, they will be admitted as international students, but they cannot serve in the National Youth Service Corps scheme after the completion of their programmes. They have to go abroad for their Master’s before they can serve.

“However, if the students do not have passports, they have to write the Unified Tertiary Matriculation Examination and be admitted like any other local student.”

Though it has been receiving transfer requests from Nigerians studying abroad, an official of Covenant University, Ota, Ogun State, said the school does not accept such requests because of its “peculiar” curriculum.

The official said, “As far as Covenant University is concerned, we don’t admit students into 200 Level or any other higher level. They must start from the scratch because of the peculiarity of our curriculum. If we are to admit them as they are requesting, we will somehow alter our curriculum which we don’t do. Such a student must seek admission afresh by taking the UTME.”

Meanwhile, some parents whose children are schooling abroad have said that their final year students have been engaging in menial jobs, among other means, to sustain themselves.

A parent, Mrs. Abigail Ademuyiwa, whose son is studying in the University of Kyiv, Ukraine, stated that her son was in the final year, but had been seeking scholarship to complete his education following her inability to send money to him.

She said “Since last year that the foreign exchange has affected the naira, the money I have been sending to him is no longer enough to take care of him, but he told me that he had been seeking scholarship there to complete his education, apart from engaging in menial jobs to cater for himself. He will graduate this year.”

A man, Alhaji Ahmed Sani, said he would have loved to bring his 21-year-old son from Ghana to complete his education at home, but he was constrained because he was in his final year.

Sani said, “The tuition I paid in his first two years was not up to what I paid after the forex crisis. Before, I used to pay N200, 000 per session, but I now pay N400, 000.

“If not because he is in his final year, I would have loved to bring him back to complete his education at home.”

He, however, told one of correspondents that two of his friends whose children still had more than two academic sessions to complete their studies had sought placements for them in Nigerian universities.

A Minna-based businessman, Alhaji Jebo Mohammed, lamented that it had not been easy for him to access forex to fund his children’s education abroad.

Mohammed, however, said in spite of the forex crisis, he would endeavour to ensure that they finished their education abroad. “It is a commitment and task that must be done,” he said.

The Vice-Chancellor, Caleb University, Imota, Lagos State, Prof. Ayandiji Daniel Aina, said though his university had yet to receive applications from students seeking transfer from abroad, it was logical for parents who could no longer afford their children’s tuition because of the forex crisis to bring them back home for the completion of their studies.

Asked if his university would admit such students if they sought to transfer to the school, Aina said, “They are welcome, but we are not basing our readiness to admit them on the forex crisis.”


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EFCC Seals Anti-Corruption Alliance with Anambra Security Chiefs, Traditional Rulers

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In a strategic drive to bolster inter-agency and institutional synergy against economic and financial crimes, the Anambra Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has launched courtesy visits and awareness campaigns targeting key law enforcement agencies, judicial bodies, and traditional institutions in Anambra State.

EFCC Seals Anti-Corruption Alliance with Anambra Security Chiefs, Traditional Rulers

On March 5, 2026, Acting Zonal Director ACE I Ofen-Imu Atiba Sunday led a delegation to: State Director of the Department of State Services (DSS), C. Anukposi; State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Akachia Godwin; State Comptroller of the Nigeria Immigration Service (NIS), Umerah Timothy Nwanegbo; State Sector Commander of the Federal Road Safety Corps (FRSC), Bridget Asekhauno; State Commandant of the National Drug Law Enforcement Agency (NDLEA), Onubogu Charles Orakwue; and His Majesty, Igwe Chidubem Iweka, Eze Iweka III (Eze Ogalagidi), Eze Obosi and Chairman of the Anambra State Traditional Council, along with his cabinet.

The Acting Zonal Director stressed that combating corruption demands sustained cooperation among institutions and community leaders to boost intelligence gathering, prevention strategies, and enforcement. “Collaborative efforts among stakeholders, including community leaders, are essential to safeguarding Nigeria’s economic stability and future,” he declared.

Highlighting crime trends in the Directorate’s jurisdiction—covering Anambra and Imo States—Sunday noted that public sector corruption, land and property fraud, tax fraud, advance fee fraud, cybercrime, bank fraud, and open market abuses dominate.

Responses were uniformly positive. DSS State Director Anukposi pledged robust support, underscoring intelligence sharing and joint operations to counter threats to national security and economic stability.

NSCDC Commandant Godwin lauded the EFCC’s proactive stance, citing ongoing collaboration on illegal bunkering, vandalism of public assets, and oil theft.

NIS Comptroller Nwanegbo affirmed readiness to partner on border control, migration monitoring, and intelligence against transnational financial crimes.

FRSC Sector Commander Asekhauno hailed the EFCC’s push for accountability, urging use of the Corps’ database and sustained rule-of-law partnerships for national development.

NDLEA Commandant Orakwue committed to tackling criminal networks linking drug trafficking, money laundering, and economic crimes.

At the Eze Obosi’s palace, the monarch welcomed the EFCC’s outreach, decried corruption’s toll on communities, and vowed Traditional Council backing to instill ethics and integrity. He promised to rally other leaders for grassroots anti-corruption sensitization.


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NCDC Issues Public Advisory on Cerebrospinal Meningitis

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Nigeria Centre for Disease Control and Prevention (NCDC) has issued a Public Health advisory on the spread of Cerebrospinal Meningitis (CSM).

NCDC Issues Public Advisory on Cerebrospinal Meningitis

It said that the caution is particularly for states within the African Meningitis belt.

In a statement by the Corporate Communications Division of NCDC urged all Nigerians to remain vigilant and adopt preventive measures.

The statement said: “As Nigeria continues through the peak dry season months, the Nigeria Centre for Disease Control and Prevention (NCDC) alerts the public to the ongoing risk of Cerebrospinal Meningitis (CSM), particularly in states within the African meningitis belt.

“Cerebrospinal meningitis occurs more frequently between December and April, when dry, dusty conditions, overcrowding, and poor ventilation increase the risk of transmission.

“The NCDC urges all Nigerians to remain vigilant and adopt preventive measures. Surveillance and response activities remain ongoing nationwide, and laboratory testing is being conducted at the state level while national laboratory capacity is being strengthened.

It explained that Cerebrospinal meningitis is a serious infection of the protective membranes covering the brain and spinal cord.

According to NCDC the affliction is most commonly caused by bacteria, particularly Neisseria meningitidis.

“Bacterial meningitis can progress rapidly and may be fatal within hours if untreated.

“However, early diagnosis and prompt antibiotic treatment significantly improve survival and reduce complications. CSM spreads through respiratory droplets during close contact, especially in overcrowded or poorly ventilated environments.”

It said that symptoms to watch out for include sudden high fever, severe headache, and neck stiffness.

It said other symptoms may include: nausea or vomiting, sensitivity to light, confusion or altered consciousness and seizures.

For In infants and young children, NCDC said the symptoms could bulging soft spot on the head.

The Centre said that early recognition and treatment can save lives.


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Report finds the Number of Trojan Banker Attacks on Smartphones Increased by 56% in 2025

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According to a Kaspersky report “Mobile malware evolution,” the number of Trojan banker attacks on Android smartphones increased by 56% in 2025 compared to the previous year*.

This type of malware is designed to steal user credentials for online banking, e-payment services and credit card systems. Cybercriminals commonly distribute Trojan bankers through messaging apps, as well as through malicious webpages.

The number of new Trojan banker installation packages for Android (unique APK files) also increased sharply, reaching 255,090 packages – a 271% increase over 2024. This may indicate that these tools generate substantial profit for cybercriminals.

Kaspersky experts believe threat actors will continue both to expand delivery channels and develop new Trojan variants trying to evade detection by security solutions. Among all detected Trojan bankers, the leading families were Mamont and Creduz.

“Although Trojan bankers for smartphones are the fastest-growing type of malware, we also observed another important trend: preinstalled backdoors such as Triada and Keenadu appeared more frequently compared to previous years. People purchase completely new, but infected, Android devices and may be unaware of the threat.

Once integrated into the firmware fully functional preinstalled backdoors provide attackers with unlimited control over the victims’ smartphones and tablets. As a result, all information on infected devices can be compromised.

It’s quite difficult to remove such malware. If the device is infected, we recommend users check for firmware updates. After the update, run a scan of the device with a security solution again to make sure newly installed firmware is not infected,” comments Anton Kivva, malware analyst team lead at Kaspersky.

 


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