Forex Scarcity: Students Association, NANS Berates Central Bank Over Delay In Tuition Payment For Nigerian Students AbroadThe service allows students to pay for foreign tuition via CBN at an official foreign exchange rate rather than using the black market rate with a wide margin.The National Association of Nigerian Students has asked the Central Bank of Nigeria to speed up the process of tuition payment for Nigerians studying in the United Kingdom and other countries.
NANS Vice President, External Affairs, Akinteye Babatunde in a statement said some students have lost their admissions over the delay. “The Form A is an application form designed by the Central Bank of Nigeria to pay for service transactions. This allows customers to make payments for services such as school fees, technical fees, airline tickets, BTA and the likes.
“This implies that they are not financially buoyant enough and this skyrocketed rate of FOREX has debarred many from doing what they intend to do financially and this has caused them to drop out or withdraw their studentship due to lack of funds. Recently, some Nigerian students at Hull City University, United Kingdom, lost their scholarships. Some lost their admissions and they were deported to Nigeria as a result of this.
“This is the more reason the issue of this Form A and how our Nigerian banks are handling it should be vehemently looked into and readjusted to suit the average Nigerian students in their pursuit of knowledge and fulfillment overseas.
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The fake and politically skewed Nans have nothing to offer they are shameless.
cenbank
Zoogeria
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