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Vice-Chancellors, ASUU reject new JAMB Cut-off Mark

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SOME Vice-Chancellors and the Academic Staff Union of Universities have rejected the decision of the Joint Admissions and Matriculation Board to peg admission cut-off mark at 120 for universities and 100 for polytechnics, monotechnics and colleges of education.

ASUU said the action, which it described as a “sad policy decision,” was in tandem “with the dream of the present government to destroy public universities in the country.”

Most of the vice-chancellors our correspondents interviewed on the issue maintained that they would not lower admission standards in their respective varsities.

The vice-chancellors stated that the decision would add no value to the nation’s university system.

For instance, in a statement issued by the Vice-Chancellor, University of Ibadan, Prof. Idowu Olayinka, on the issue and released by his Media Assistant, Mr. Sunday Saanu, on Thursday,  the premier university stated that it would never admit any candidate that scored 120 in the UTME.

The statement added, “It should worry us as patriots that candidates who scored just 30 per cent in the UTME can be admitted into some of our universities. Yet, we complain of poor quality of our graduates. You can hardly build something on nothing. The consolation here is that since JAMB started conducting this qualifying exam in 1978, UI has never admitted any candidate who scored less than 200 marks out of the maximum 400 marks.

“This translates to a minimum of 50 per cent. This remains our position as an institution aspiring to be world-class. Reality is that only about four other universities in the country have such high standard. To that extent, apart from being the oldest, we are an elite university in the country at least judging by the quality of our intakes.’’

Olayinka, however, commended the decision of the Federal Government to re-introduce the post-UTME test and exonerated the incumbent JAMB Registrar, Prof. Ishaq Oloyede, from the cancellation of the test two sessions ago.

“It is gratifying to note that the Honourable Minister of Education, Mallam Adamu Adamu, who chaired the meeting, apologised publicly for canceling the post-UTME screening last year.

“In effect, universities are now allowed to conduct the test using modalities approved by the Senate of each institution.

“To be fair to the incumbent Registrar of JAMB, he was not the Registrar when the policy somersault of cancelling the post-UTME test was made last year. As strongly canvassed by us at every opportunity, for UI, the need to admit the best admission seekers is the primary motivation for the test and not money, even though we do not pretend that you can run any university so properly called without funds.”

Speaking to one of our correspondents on Thursday, the Vice-Chancellor, Tai Solarin University of Education, Ogun State, Prof. Oluyemisi Obilade, said that the onus would ultimately fall on parents and employers of labour to decide “between a first-class graduate of a university which takes 120 as its cut-off mark or one that takes 180 as its cut-off mark.’’

Obilade, who said that TASUED would never go below 180, insisted that many of the VCs at the Combined Policy Meeting during which the 120 benchmark decision was made, said they would not go below 180.

She said, “But some universities chose 120 at the meeting. What the JAMB has done is to transfer power back to the Senate of universities to decide their cut-off marks.  What I can tell you is that many public universities and even private universities will not go below 200. We were told that some universities were doing what they called ‘under the table admission’ and then come back to JAMB after four years for regularisation.

“TASUED will not go below 180, not under my watch. Even in the United States, there is what we call Ivy League universities, and there are those you can call ‘Next Level Universities.’ There are also those that are termed community colleges. At the meeting, the outcome is that universities have been given the freedom to decide. It is not general legislation and it is not binding on everybody.’’

Speaking with journalists in Ibadan, the Chairman of ASUU at the University of Ibadan, Dr. Deji Omole, said it was the dream of the present government to destroy education in the country.

He said, “Rather than sanctioning the identified universities that admitted over 17,000 students illegally, the JAMB registrar simply regularised illegality and lowered cut-off marks to favour the interests of the friends of government who own private universities and are hell bent on destroying public education.”

Omole said it was vital for JAMB to be scrapped in order to save the nation’s education and its future. He said the board had outlived its usefulness and that prospective students should apply directly to universities of their choice for admission.

He said, “Where are the students that the JAMB registrar said entered universities illegally? Which universities admitted them? If 30 per cent did not take JAMB and found their way into the university system, is that not corruption and a message that JAMB is not significant anymore? What sanction did those who did the illegal thing receive other than regularisation of illegality.

“We are watching because long before now we have said that JAMB has outlived its usefulness. Let the universities set their unique standards and those who are qualified can come in. Scoring 120 out of 400 marks is 30 per cent. Even in those days, 40 per cent was graded as pass. But now JAMB said with F9 which is scoring 30 per cent you can be admitted.

“They deliberately want to destroy education. Even for polytechnic, 100 marks is 25 per cent. It is sad. And that is where we are in Nigeria. They want to destroy public education at all costs. This is not setting standard for education in Nigeria. It is purely lowering standards and digging grave for the future. This is why ASUU is currently on the struggle to influence the government to do the needful for education in Nigeria.”

Also, the Dean of Students Affairs, Federal University of Technology, Akure, Prof. Kayode Alese, who spoke on behalf of FUTA management, said that the institution would soon unveil its cut-off mark.

“However, I can assure you that FUTA has never gone as low as 120. It has never happened and it will never happen,” he said.

Alese added, “Having spoken for the university, my personal opinion is that the 120 cut-off mark will not add value to our education system.  The Federal Government has just increased the pass mark from 40 to 45 in universities. What that means is that you must score at least 45 for you to pass any course. We have enough candidates and yes you may try to increase access but tertiary education should be for those who have the capability.’’

Also, the Vice-Chancellor, Obafemi Awolowo University, Prof. Tope Ogunmodede, said the institution would not admit any candidate with 120 UTME score.

He said, “Traditionally, OAU has never admitted students who scored below 200 in the UTME. For us, we are sticking to 200. The minimum benchmark is 120 but you can go higher than that. I expect that an institution should be able to determine the quality of its graduates because there are internal exams. What has been done is to provide a leeway for universities to decide their cut-off marks.”

Meanwhile, the National Association of Nigerian Students has described the reduction of the cut-off marks for admission into tertiary institutions as “a gross misplacement of priority and an exercise in futility.”

The organisation said that the reduction by JAMB, from 180 for universities and 165 polytechnics, to 120 and 100 respectively for the 2017 UTME, would translate to a disastrous outcome in the future.

The President of NANS, Chinonso Obasi, in a statement on Thursday, threatened that the decision would be resisted if JAMB refused to adhere to the status quo.

He said, “As critical stakeholders in the educational sector, NANS will vehemently resist the review and call on government to maintain the status quo and endeavour to conduct a comparative study and analysis of policies from other climes that support functional learning and production of young people that can compete with their peers globally.

“Even with the current status, the general phenomenon is that Nigerian graduates are not employable. The lowering of standards will translate to a disastrous outcome in the future by churning out young people who cannot fit into the demands and expectations of the 21st century.’’

According to him, since the 21st century is being driven by innovation and competitiveness, lowering the entry level into tertiary institutions would only further contribute to reducing the productivity and peak performance of young people seeking admission into the country’s higher institutions of learning.

However, the Vice-Chancellor of the Christopher University, Ogun State, Prof. Friday Ndubuisi, said the new admission benchmark would have no negative implication on the quality of education.

He said, “This is not an imposition.  The cut-off mark is a minimum benchmark for admission. This idea of taking the UTME every year without getting admission is worrying. About 1.6 million candidates sat for the examination this year and about 500,000 will be admitted mostly because of the cut-off mark. Most universities will not go below 200, but with five credits obtained in two sittings, a person should be qualified for admission.  This is, however, not an imposition.  Universities still get to decide on whom to admit through the post-UTME.’’

 

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

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Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

Lagos, Nigeria – May 1, 2025 – Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024.

The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. Growth in interest income was primarily led by 38.6% yoy (7.4% ytd) expansion in earning assets base, while the increase in non -interest revenue came from FX-related income, trade and commission on banking services, etc., supported by increased customer transactions.

Commenting on the bank’s performance, Dr. Nneka Onyeali-Ikpe,OON, Managing Director/Chief Executive Officer of Fidelity Bank Plc, stated, “We started the year with triple-digit growth in profit and sustained the momentum in our earning assets growth. This performance shows the resilience of our business model and reinforces our confidence in delivering a better result in the 2025 financial year.”

Other areas of the unaudited financial statements, equally show a marked improvement with Total Deposits growing by 11.1% ytd to N6.6tn from N5.9tn in December 2024, driven by 10.6% ytd growth in low-cost deposits to N6.1tn, which represents 92.2% of total customer deposits. Local currency deposits increased by 2.0% ytd while foreign currency deposits increased by 21.4% from $1.9bn in December 2024 to $2.3bn.

Net Loans and Advances increased by 5.0% ytd to N4.6tn. The growth in the bank’s Loan Book was skewed to LCY Loans as cost of risk declined to 0.6% from 1.5% in 2024FY.

“Beginning the year with such positive momentum reinforces our commitment to supporting the growth of individuals and businesses, while enhancing our financial sustainability. As we go into the rest of the year, we remain focused on building a resilient banking franchise with a diversified earnings base,” Onyeali-Ikpe added.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

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GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions

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*GTCO vs. Very Dark Man: Why Nigerians Must Stop the Judgment of Emotions*

By Osho Oluwatosin

The internet has literally been on ‘fire’ since Friday following the arrest of self-acclaimed Nigerian activist, Martins Vincent, also known as Very Dark Man. He was reportedly picked up by the Economic and Financial Crimes Commission (EFCC) for reasons yet unknown.

While it’s not the first time VeryDarkMan or any prominent Nigerian would be arrested by the EFCC — a government agency not under the authority of any private organization — it seems some Nigerians are passionately trying to push a narrative that his arrest was orchestrated by one of Nigeria’s biggest financial institutions, Guaranty Trust Holding Company (GTCO).

Although this narrative isn’t far-fetched — VDM had criticized the bank due to ‘mysterious’ deductions from his mother’s bank account for unjustifiable reasons. He approached the bank’s branch in Abuja to make an official complaint and, afterwards, he was picked up by the EFCC. But what many Nigerians have failed to realize is GTCO may not even be involved in his arrest.

VeryDarkMan was seen in the bank, quite alright, but in a CCTV released by the bank, he was seen moving out of the bank when he finished. He even had a celebrity moment with some of his followers who took pictures with him before he was arrested. So I’m wondering, what has GTB got to do with his arrest? That someone got knocked down by a vehicle after leaving church, does it mean the church orchestrated the accident? That someone got attacked after leaving a lecture room, does it mean the lecturer orchestrated it? That someone even got attacked in a courtroom, does it mean the judge orchestrated it? Absolutely not.

Although it would have been better if the EFCC had come out to clear the air regarding the reason for VDM’s arrest, because in the absence of information, rumours are bound to thrive. In fact, the commission should have actually released a statement regarding these rumours, not to vindicate GTB, but to keep Nigerians informed.

Let’s even think about it logically: what can warrant GTCO to order VDM’s arrest by the EFCC? Did he defraud GTCO? Did he steal from a GTB customer? Did he launder money through a GTB account? These are questions that should be asked before passing judgments. But Nigerians are always emotional when it comes to issues like this, and that’s why people who are culpable in serious crimes get away with anything as long as they get involved in charity or activism.

GTCO has been a very friendly organization, and in 2024 alone, the bank paid a record dividend of N8 per share. The bank is happy, shareholders are happy, customers are happy — who is Very Dark Man?

Osho Oluwatosin is a Nigerian journalist and writes from Lagos.

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

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Can We Have More Bankers Like Victoria Mulero? An epitome of ‘omoluabi’

In February of this year, I needed to open a new bank account for salary purposes, as required by the management of the new company I had just joined.

I considered First Bank, Access Bank, and Sterling Bank. After some thought, I chose Sterling Bank—not because I found them superior—but because I believed they had fewer customers, which I hoped would save me from long queues and unnecessary delays.

I visited the Sterling Bank branch at Akowonjo to open the account. Unfortunately, the staff member who attended to me didn’t inspire confidence. She appeared distracted—smiling at her phone, clearly engrossed in a private chat—far from the level of professionalism one would expect in a bank setting. I had a feeling this would lead to problems down the line.

 

When my first salary was paid into the account, my suspicion was confirmed. Sterling Bank restricted access to my funds—I couldn’t transfer money or make withdrawals at the counter. I visited their Fatai Atere branch at Ladipo, Mushin to complain, where I was informed that the account opened for me was a “Kaikai” account—a type I had never heard of. Apparently, this account type is meant for individuals who lack the required documents during account creation. But I had submitted all necessary documents, so why was such an account opened for me?

Can We Have More Bankers Like Victoria Mulero? An epitome of 'omoluabi'

At the Fatai Atere branch, I was attended to by a remarkable banker named Victoria Mulero. She requested my NIN, which I didn’t have on me at the time. Rather than send me back home, she asked if I had a digital copy. I did, and she graciously gave me her email address so I could forward it to her. With that, she resolved the issue promptly and professionally.

However, the following month, in March, the same restriction happened again. I returned to the Fatai Atere branch, and once again, Victoria Mulero handled my complaint with efficiency and kindness, resolving it without delay.

I hoped the matter was finally settled, but when my April salary arrived, the restriction was imposed yet again. This time, I was beyond frustrated and ready to replace Sterling Bank as my salary account. Still, I visited the Fatai Atere branch one last time. Once more, Victoria Mulero resolved the issue with grace and determination.

This write-up is a tribute to Victoria Mulero of Sterling Bank, Fatai Atere branch. She is a rare gem—respectful, diligent, and genuinely customer-focused. She went above and beyond, following up with the Akowonjo branch through calls and emails until the matter was fully resolved. She handled every situation with patience and empathy, treating the job as if the bank belonged to her family.

To be honest, I’ve had unpleasant experiences with many bankers, especially female staff. Too often, they carry personal frustrations into the banking hall and take it out on customers. But Victoria is different. She exemplifies what true customer service should be.

We may not all be the same, but treating people with respect and kindness is a skill that can be learned—and Victoria clearly has. Let’s celebrate her for being a model professional and a beacon of hope in an industry that too often lacks empathy.

Without any fear of contradiction, I say boldly that Victoria Mulero is a good ambassador of Sterling Bank and her parents too deserve encomium for raising a well trained daughter and impacting an attitude of ‘ omoluabi’ in her. We need more of Victoria Mulero in our banking industry.

Seun Jacob Ogunbiyi
Known as Olùkọ́, the therapeutic writer and Lagos based journalist

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