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Ex-Lawmaker Repays Student Loan After 48 Years

Ex-Lawmaker Repays N1,200 Student Loan with N3.1M After 48 Years

The Nigerian Education debt Fund (NELFUND) reported that former federal legislator Lanre Laoshe kindly redeemed a N1,200 student debt from 1976 to 1979 with N3,189,217.00.

NELFUND praised Laoshe’s reimbursement as a show of kindness and honesty, but it didn’t explain why after almost 50 years.

Hon. Laoshe thanked the Federal Government for their financial help 48 years ago and computed the loan’s current worth using past Central Bank of Nigeria currency rates.

NELFUND received a bank draft for the modified amount as a thank you.

In praising Laoshe’s efforts, NELFUND stressed the significance of keeping promises and supporting Nigerian students’ educational ambitions.

CREDIT: Allschoolabs, ALLSCHOOL

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Allschoolabs

Headquartered in Lagos, Allschoolabs has been distributing laboratory equipment and pharmaceuticals to every city in the world and has unrivalled experience in this field. Our expertise in the delivery of laboratory supplies, instrumentation, general consumables and all kinds of pharmaceuticals is backed by our experts service team on standby to provide you with pre and after sales support.

Going beyond, We provide arguably one of Africa’s finest chemical analysis laboratory service designed to service your analytical need from any part of the world. In addition, we offer professional online consultations for medical assistance and guide

With over 250,000 pharmaceutical, laboratory and analytical products active onsite, we must have an answer to your need. Reach us using any channel on our contact page and we will be happy to serve you.