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UK Rescinds Controversial £3,000 Bond for Nigerians Seeking UK Visas

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The United Kingdom has rescinded her controversial plans for a £3,000 bond on Nigerians seeking entry to the country after a massive outrage greeted the proposed scheme.

Appalled by the move, Nigeria’s ministry of Foreign Affairs assured Nigerians of government’s readiness to defend and protect them all over the world.

Also the House of Representatives Foreign Affairs Committee described the proposed UK entry bond as discriminatory and unacceptable.

The plan is now being hastily rewritten after Nick Clegg, Liberal Democrat leader in the UK declined to sign off the details of a pilot scheme due to start in November.

It would be recalled that Theresa Mary May, British Home secretary had put forward a £3,000 cash bond to deter “high risk” Asian and African short-term visitors from overstaying in Britain.

The scheme was floated at the weekend by the home secretary and provoked uproar in India and Nigeria, which were among the six countries named as possible targets, with threats that reciprocal action should be taken against British visitors.

The other countries were Pakistan, Bangladesh, Sri Lanka and Ghana.

“The policy has not yet been signed off,” said a Liberal Democrat source in the UK was quoted as saying.

“We are in favour of the principle but the exact details of how it is to be piloted, including the size of the bond, is still being discussed in government.”

Clegg has said he favours the introduction of a £1,000 cash bond to deter overstayers.

Home Office sources confirmed that the level at which the bond is to be set was among the details yet to be decided, and said the pilot scheme was still in the planning stage.

They stressed that the requirement to post a bond would not apply to all visitors from the designated countries but only to individuals regarded as high risk.

The scheme might apply to hundreds of visitor visa applicants initially, before being expanded to cover many thousands later.

The Home Office wants to pilot the scheme for six-month visitor visas and will extend it to student and work visas if it proves successful. Those who overstay their visa and fail to return home will forfeit the money.

The Financial Times reported on Tuesday that the announcement of a £3,000 bond scheme at the weekend was in danger of provoking a diplomatic backlash in India, months after David Cameron had tried to combat the perception that Britain was closing its doors to students from the subcontinent.

It reported that the Confederation of British Industry had attacked the scheme as “highly discriminatory and very unfortunate”.

In Nigeria senior government officials and politicians described the scheme as discriminatory and unacceptable.

Mr Ode Ogbole, spokesman for the Foreign Affairs Ministry in Abuja told Daily Trust: “It’s been rescinded”.

Elsewhere, Nnenna Elendu-Ukeje (PDP Abia), committee chairman on foreign affairs  said in a statement that “This is totally discriminatory and unacceptable. It is targeted to non-white Commonwealth. We would take a critical look at the policy as it affects Nigerians and come up with a way forward”

“We agreed totally with the UK Foreign Minister that the policy is totally unworkable and impractical. It is contrary to the commitment made to our President by David Cameron during their last meeting. We believe it is for political reason ahead of general election. We seek that our long historical relationship should take precedence over political expediency,” Ukeje said.

In the UK, Keith Vaz, chair of the Commons home affairs committee, said the move flew in the face of Cameron’s intention to attract the brightest and best to Britain. “The plans could potentially alienate already settled communities in the UK,” he said.

“There are a number of holes in the home secretary’s pilot. If this is to be workable she must conduct a proper consultation. She has said she wants to deter overstayers, yet with the mess that is E-Borders there is currently no way to monitor if people actually leave the country.

The bond level of £3,000 is completely unrealistic. If somebody was determined to work here illegally this could be earned back in a matter of months,” Vaz said.

But May said the move was the next step in making sure the immigration system was more selective, and bringing down net migration from the hundreds of thousands to the tens of thousands while still welcoming the brightest and the best to Britain.

“In the long run we’re interested in a system of bonds that deters overstaying and recovers costs if a foreign national has used our public services,” she said. “We’re planning a pilot that focuses on overstayers and examines a couple of different ways of applying bonds. The pilot will apply to visitor visas, but if the scheme is successful we’d like to be able to apply it on an intelligence-led basis on any visa route and any country.”


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Nigerian Banks Lost over N8Bn to Internet Fraudsters in 2022-  EFCC

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Economic and Financial Crimes Commission (EFCC), yesterday said  that banks in the country lost over N8 billion to internet fraud, otherwise known as Yahoo-Yahoo Boys, in 2022.

Nigerian Banks Lost over N8Bn to Internet Fraudsters in 2022-  EFCC

Ola Olukoyede, chairman of the commission, also disclosed how Yahaya Bello, former governor of Kogi state allegedly moved a staggering $720,000 from the state account to pay his child’s school fees.

Olukoyede,  who made the disclosure during an interactive session with media executives in Abuja, narrated how cyber crime has hurt the companies and its negative effects in attracting direct foreign investment for the country. He lamented that no fewer than 71 percent of companies operating in Nigeria were victims of cybercrime in 2022 even as he argued that the Commission’s war against internet fraud is about safeguarding the country’s future.

“In 2022 alone, I’m waiting for the report of 2023, we discovered that more than 71 percent of Nigerian industries, companies and firms fell victim to cyber crime. Now, which country or company would thrive with this kind of thing? “You want to attract foreign direct investment; the moment you come in, Yahoo boys will attack your platform. You start losing money and you think they would stay?

“Is that not what we are seeing? We are rescuing the future of Nigeria by going into this cyber crime investigation and prosecution.

“Now, within that period, the Nigerian economy lost $706 million (via) these companies through cyber crime, to the activities of these Yahoo Yahoo boys because we don’t take them seriously now, not knowing that we are sitting on a keg of gunpowder.

“The alarming statistics continued with Nigerian banks losing over N8 billion to electronic transfer fraud in the first  nine months of 2022.

“A system lost over N8 billion to a particular scheme of fraud and you are asking EFCC to close its eyes to that kind of situation. Are we even fair to ourselves?”

He said the agency is prosecuting two of its operatives for violating the agency’s code of conduct.

He said the commission has made some reforms to enhance its fight against corruption, including the creation of the directorate of fraud risk assessment/control and ethics/integrity.

 

 


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Students Loans’ Beneficiaries to Start Repayment 2 Years after Graduation-  NELFUND:

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Nigerian Education Loan Fund (NELFUND) has said that students in tertiary institutions and approved vocational centres would start repayment of the loan two years after graduation.

Students Loans’ Beneficiaries to Start Repayment 2 Years after Graduation-  NELFUND:

However, NELFUND management specifically stated that the repayment of the loan would commence if the students secured a job or went into business.

Mr. Akintunde Sawyerr, managing director, NELFUND, said the Act specify a moratorium of two years after graduation for the students to begin repayment of the loan.

Sawyerr said if the students start work, his employer would be expected to remit 10 percent into NELFUND dedicated account.

He added: “The loan does not have a specified repayment tenure. It makes it easy for students to apply for the loan. NELFUND would pay according to the documents provided by the institutions. We cannot put tenure on the loan; some will die, drop out, ‘Japa’ or refuse to pay. While those who went into business would pay into same account.

“It is a revolving a loan. We will not put students under pressure to get the loan and we are not going to state a tenure because it is not a commercial loan.’’

According to him, the loan is meant for students in public universities, polytechnics, colleges of education and vocational institutes, who apply via NELFUND portal and are expected to present their JAMB admission letter, NIN and BVN.

He explained that non-students would not have access to the loan and that NELFUND has put the necessary machinery in place to ensure that beneficiaries can be reached when the need arises.

His words: “We are using technology to run the new system. The process of application is online through our dedicated portal and we are limiting human contact as much as possible. Once you have a Bank Verification Number (BVN) and National Identification Number (NIN), which are parts of the requirements, we will have access to your data and all your accounts. This will also help us to know if you are qualified or not,” Sawyerr stated.

The MD disclosed that students already in institution are eligible to apply for the loan at any level of their study and must be at the beginning of each academic session.

He noted that such students would have to provide their admission and matriculation details in addition to BVN and NIN.

Sawyerr added that about 1.2 million Nigerian students in tertiary institutions and government-recognized vocational centres would be among the first batch of beneficiaries and that the figure would increase as time goes on.

The NELFUND boss disclosed that the scheme would be funded from one per cent of the total annual revenue by the Federal Inland Revenue Service (FIRS), which would amount to N194 billion if the agency meets its projection.

Sawyerr observed that the loan would be paid in two segments, the first, being the school fees, which would be paid directly to the institutions while stipend would be paid into students’ account for their day-to-day upkeep.

He added that the amount individual students would access varies because of the course of study, school fees and geographical location of the institutions.

“You don’t start paying back the loan until two years after your National Youth Service Corps (NYSC) scheme and you have secured a job or business. A beneficiary can defer repayment if he has not secured a job, but if after due diligence, he/she defaulted, then the student becomes a criminal and we will work with government agency that can help us get the money back, for example, EFCC, ICPC,” Sawyerr stated.


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GPA Raises Alarm, Says Malaria Vaccine Can Cause Meningitis

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Global Prolife Alliance (GPA), global health organization, has told the National Assembly that the intended malaria vaccine currently proposed by Bill Gates, American billionaire, for Nigeria can trigger meningitis in the populace.

GPA Raises Alarm, Says Malaria Vaccine Can Cause Meningitis

Dr. Philip Njemanze, chairman of GPA, gave the warning in a statement released to newsmen in Owerri, the Imo state capital.

Njemanze, known for being pro-health in the Catholic church, charged the national assembly not to be in a hurry to succumb to the pressure of the bill currently before the house.

He said the vaccine may trigger the deaths of millions of Nigerian children prone to cerebral meningitis, especially in the northern part of the country.

Part of the letter read “Among the side effects is a tenfold increase in cerebral meningitis. Nigeria is endemic for cerebral meningitis. A tenfold increase could cause the deaths of millions of children, especially in northern Nigeria.

“Please intervene and call for a public hearing, for an open public discussion on the pros and cons with expert opinions from both sides. This will help the Nigerian people to be better informed about granting or withholding consent for the vaccination.

“Your intervention could save millions of lives, especially in northern Nigeria, where meningitis is most endemic, particularly at this time of serious insecurity,” Njemanze warned.

 

 


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