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LAUTECH Reaffirms Strong Partnership with NELFUND, Clarifies Loan Disbursement Update The management of Ladoke Akintola University of Technology has reaffirmed its cordial and productive relationship with the Nigerian Education Loan Fund following recent media interpretations regarding student loan disbursements. In a statement, the university expressed appreciation for NELFUND’s continued support, noting that more than ₦1.4 billion was successfully disbursed to its students in 2025. According to the institution, the intervention significantly reduced financial burdens and improved access to education for many students. Speaking during a pre-convocation press briefing, the university explained that about 19,000 students applied for the NELFUND scheme, while over 15,000 applications have already been verified in line with established procedures. The management further disclosed that within the current 2025/2026 academic session, a total of 5,237 students have been approved and are awaiting disbursement, while other verified applications remain at various stages of processing. LAUTECH clarified that parts of the update were misinterpreted in some quarters, creating the false impression that NELFUND was unwilling or unable to release funds. “The university wishes to state clearly that this is not the case. At no time did LAUTECH suggest any reluctance or failure on the part of NELFUND,” the statement said. The institution added that its intention was solely to highlight progress made so far and reassure stakeholders that the disbursement process remains ongoing and on course. LAUTECH reiterated its commitment to sustaining its partnership with NELFUND and other relevant stakeholders to ensure students continue to receive the financial support needed to pursue their academic goals. The statement was signed by Olayinka O. Balogun, Registrar of the university. 4 hours ago
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Makinde Declares Olubadan Succession Sacrosanct, Presents Staff of Office to Oba Ladoja


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Oyo State governor, ‘Seyi Makinde, has reaffirmed that the Olubadan traditional system and its unique succession process remain sacrosanct and must be preserved.

The governor made this declaration on Friday at the Mapo Hall Arcade, Ibadan, during the coronation and official presentation of the staff and instruments of office to the 44th Olubadan of Ibadanland, Oba (Senator) Rashidi Adewolu Ladoja, Arusa I.

Makinde noted that all challenges that had trailed the Olubadan Chieftaincy System in recent years had been resolved, while expressing optimism that the reign of Oba Ladoja would usher in peace, progress, and development for Ibadanland.

Quoting the provisions of the Chiefs Law of Oyo State, the governor officially presented the staff of office to the new monarch in the presence of dignitaries, including the President of the Federal Republic of Nigeria.

He declared:

“In front of the President of the Federal Republic of Nigeria, who is here with us to celebrate this coronation and presentation of staff of office, I, Engineer Seyi Makinde, the Governor of Oyo State of Nigeria, in exercise of the powers conferred upon me by Subsections 1 and 2 of Section 20 of the Chiefs Law, Cap 28, Volume 1, Laws of Oyo State, Nigeria 2000, and by virtue of all other powers enabling in that behalf, hereby present the staff of office to Oba Rashidi Adewolu Ladoja, Arusa I.”

Also Read:  Makinde Approves Key Appointments into Oyo State Advisory and Civil Service Commissions

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LAUTECH Reaffirms Strong Partnership with NELFUND, Clarifies Loan Disbursement Update The management of Ladoke Akintola University of Technology has reaffirmed its cordial and productive relationship with the Nigerian Education Loan Fund following recent media interpretations regarding student loan disbursements. In a statement, the university expressed appreciation for NELFUND’s continued support, noting that more than ₦1.4 billion was successfully disbursed to its students in 2025. According to the institution, the intervention significantly reduced financial burdens and improved access to education for many students. Speaking during a pre-convocation press briefing, the university explained that about 19,000 students applied for the NELFUND scheme, while over 15,000 applications have already been verified in line with established procedures. The management further disclosed that within the current 2025/2026 academic session, a total of 5,237 students have been approved and are awaiting disbursement, while other verified applications remain at various stages of processing. LAUTECH clarified that parts of the update were misinterpreted in some quarters, creating the false impression that NELFUND was unwilling or unable to release funds. “The university wishes to state clearly that this is not the case. At no time did LAUTECH suggest any reluctance or failure on the part of NELFUND,” the statement said. The institution added that its intention was solely to highlight progress made so far and reassure stakeholders that the disbursement process remains ongoing and on course. LAUTECH reiterated its commitment to sustaining its partnership with NELFUND and other relevant stakeholders to ensure students continue to receive the financial support needed to pursue their academic goals. The statement was signed by Olayinka O. Balogun, Registrar of the university.

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