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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. 6 hours ago
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Union Bank Records Decade-High Promotion Rate, Elevates 24% of Staff in Annual Performance Review Restructured and Edited News Version: Union Bank of Nigeria Plc, a leading player in the nation’s financial sector, has announced the successful completion of its annual staff assessment and performance evaluation exercise, resulting in the promotion of approximately 24% of its workforce—the highest promotion rate recorded by the Bank in the last ten years. This remarkable milestone underscores Union Bank’s unwavering commitment to recognising and rewarding excellence, nurturing talent, and fostering a culture of high performance. Promotions were granted across various departments to employees who have consistently demonstrated exceptional achievements, integrity, and alignment with the Bank’s core values and strategic growth objectives. Speaking on the development, Yetunde Oni, the Chief Executive Officer and Managing Director of Union Bank, stated: > “At Union Bank, we remain committed to reimagining what is possible—not just for our customers and communities, but also for ourselves as dedicated professionals. These promotions are a testament to our commitment to rewarding individual excellence and advancing our collective aspirations.” Union Bank continues to uphold the highest standards of professionalism, ethics, and accountability. The Bank is deeply invested in creating meaningful growth opportunities, rewarding merit, and supporting employees throughout their career journeys. By celebrating top performers and maintaining a strong performance-driven culture, Union Bank of Nigeria is strategically positioned to deliver lasting value to its stakeholders and contribute positively to the broader community.


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Union Bank of Nigeria Plc, a leading player in the nation’s financial sector, has announced the successful completion of its annual staff assessment and performance evaluation exercise, resulting in the promotion of approximately 24% of its workforce—the highest promotion rate recorded by the Bank in the last ten years.

This remarkable milestone underscores Union Bank’s unwavering commitment to recognising and rewarding excellence, nurturing talent, and fostering a culture of high performance. Promotions were granted across various departments to employees who have consistently demonstrated exceptional achievements, integrity, and alignment with the Bank’s core values and strategic growth objectives.

Speaking on the development, Yetunde Oni, the Chief Executive Officer and Managing Director of Union Bank, stated:

“At Union Bank, we remain committed to reimagining what is possible—not just for our customers and communities, but also for ourselves as dedicated professionals. These promotions are a testament to our commitment to rewarding individual excellence and advancing our collective aspirations.”

Union Bank continues to uphold the highest standards of professionalism, ethics, and accountability. The Bank is deeply invested in creating meaningful growth opportunities, rewarding merit, and supporting employees throughout their career journeys.

By celebrating top performers and maintaining a strong performance-driven culture, Union Bank of Nigeria is strategically positioned to deliver lasting value to its stakeholders and contribute positively to the broader community.

Also Read:  Pre-JAMB Examination: 217 Candidates Tested Across Ogbomoso Zone as Onireti, OPEC Drive Academic Readiness.

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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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