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Management of Galaxy Transportation debunks EFCC allegations of fraud against Dalori

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Management of Galaxy Transportation debunks EFCC allegations of fraud against Dalori

By Funmi Lawrence

The Management of Galaxy Transportation and Construction Services Limited has debunked the allegations of fraud against its Managing Director, Mr Babagana Dalori by the Economic and Financial Crimes Commission (EFCC).

The management said this in a statement signed by Mr Cletus Enejo, on behalf of the management and made available to newsmen in Abuja on Tuesday.

Enejo said it was untrue that its MD’s detention was based on fraud and/or running of phantom schemes.

According to him, what is at stake is that our company could not meet its obligations to its clients within the time expected of it for reasons beyond.

“As such, some investors who were not satisfied with our explanation and efforts currently put at recovering the loss, petitioned the EFCC even though the matter was civil and not criminal.

“As an obedient citizen of the country, the MD turned in and gave himself to the Commission’s interrogations.

” Prior to this, the company has been consistently providing the Commission and other relevant regulatory bodies with weekly reports detailing them of its income and spending.

” It is therefore obvious that our failure to meet our obligations has nothing to do with either misappropriation of funds, fraud or even bankruptcy.”

Enejo added that the company had not declared that it was not in position to settle its obligations to its clients.

He, therefore, said that the arrest of Dalori only tarnishes his hard-earned reputation and the company unnecessarily despite the fact that the case was civil.

” Needless to add, his continuous detention is hugely slowing the company’s efforts to recover from its losses and begin to settle its clients.

“The company has provided over 250 Nigerians with employment who are currently in its payroll, besides other indirect opportunities and the arrest of our MD is also endangering the livelihood of these Nigerians.”

Enejo added that right now, the company’s consultants and other financial firms have been engaged to determine the fastest way to pay the clients based on the incomes generated.

He said the company hope to develop a payment schedule based on their recommendations and begin payment disbursements in the next few days.

He said the management had also been meeting some of the investors at various levels since these incidents occurred so as to discuss how best they could be settled.

It would be recalled that Dalori was arrested by EFCC following a petition by some of its clients who are disgruntled by the inability of the company to settle their payment as a result of several factors.

Dalori was arrested for allegedly collecting N7 billion from 20,700 potential investors.

Dalori, 35 and a 2010 graduate of Electrical/Electronics, University of Maiduguri is the Managing Director, Galaxy Transportation and Construction Services Limited.

The transport company has been in business in over five states in the country with its headquarters in Abuja for the last nine years since 2010.

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NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow

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By Dayo Israel, National Youth Leader, APC

As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.

Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.

Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.

But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.

As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.

Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.

Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.

Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.

As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.

Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.

Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.

As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.

We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”

To President Tinubu: Thank you for daring to dream big and backing it with action.

To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.

And to every Nigerian youth: Apply. Graduate. Conquer.

Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.

The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.

Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).

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