Foreign
Naira devaluation: Tough times for Nigerian students in UK, tuition soars by 60%
About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the apex bank decided to float the naira at the Investors and Exporters’ Window of the foreign exchange market. Since then, the naira has fallen from N471/dollar to N750/dollar and N589.4/pound to N957.2/pound.
This has led to about 60 per cent increase in tuition fees for students in the UK.
This rise in exchange rate has put more pressure on many Nigerians that are schooling in the UK and beyond.
The UK is one of the destinations of choice for many Nigerians as 128,770 Nigerian students enrolled in universities in the United Kingdom between 2015 and 2022 according to data from the Higher Education Statistics Agency of the UK.
According to the CBN, study-related foreign exchange outflow to the UK rose to $2.5bn in 2022. Nigerian students and their dependants in the United Kingdom contribute about £1.9bn annually to the UK economy, according to an analysis by SBM Intelligence.
Many of these students may now struggle to pay the balance of their tuition due to the sharp decline in the value of the naira.
UK universities are currently on break.
Students lament hike
A Nigerian student resident in Manchester, Adejoro Deborah, who sounded stressed told The PUNCH, “This policy is affecting those of us here and even intending students. My sibling has had to forfeit her admission because of this policy.
“Many students have fallen victim to online scammers just because they want to buy pounds, a friend of mine, for example, was a victim of third-party purchase as the banks at home are not dependable.”
Another Nigerian student studying in Leeds explained that the major challenge was that many kept their tuition fees in their naira account at the former rate.
The student said, “Now they have to start looking for more money because the rate has gone up. If the official rate is not different from street rate, so what’s the essence of waiting for several weeks for your bank when you can just get it from third-party platform. It has only put more pressure on the students to look for more money.”
The student added, “If you put N5m in your account in March when the rate was around N560/£, that means it will pay around £9k tuition fee, but by July, the N5m will only be able to pay around £5k since the rate is now around 1k/£, so that’s where the real problem is. You need to start looking for an additional £4k. That’s the challenges many students are facing.”
Another Nigerian, who is currently studying at Liverpool John Moores University, has become stranded after the school withdrew his access to the school portal.
His access to the university’s portal was withdrawn by the school following his failure to pay his tuition. The Nigerian (name withheld) could not raise the required 4,800 pounds to complete his tuition.
Narrating his ordeal he said, “The school has withdrawn my access to its platform. As a result, I can’t check the results of my last exam. Everything is done via the platform. I cannot also access my official email given by the school. I can’t attend both online and in-person classes again. It is very frustrating, I am completely shut out.”
The depressed student, who is allowed to work for 20 hours a week as a student, said he could not get a better job because prospective employers were demanding proof that he is allowed to work as a student.
He added, “In fairness to the school, I was given several deadlines which I missed. I could not pay because I was unable to raise enough funds to buy foreign exchange. The exchange rate is very high.”
Another student (name withheld) of the school, said he was on the verge of losing his studentship before he managed to borrow money from friends in Nigeria to pay his tuition.
He shared a copy of a letter that had been addressed to him giving him a final deadline to pay the outstanding tuition.
The letter read in part, “According to our records there is an outstanding balance of £4800 on your university tuition fee account. LJMU has advised you of this situation via emails to both your LJMU and personal email addresses.
“Despite this correspondence, the debt remains outstanding and accordingly, we are now arranging for you to be withdrawn as a student of the University. If this happens, UK Visas and Immigration will be informed that you are no longer a student at LJMU.”
The letter was sent by the Head of Registry Services of the school.
A student, studying IT Project Management at Teesside University, lamented that many Nigerian students are still in shock.
She said, “Some people are not totally stable because they used to convert their naira to pounds for school fees payment.”
She explained that while she did not benefit from the official rate initially, she still has to pay more now. She said “When I got in initially, I converted at the rate of N920-935 thereabout. But after the CBN reforms, it has been a nightmare. The highest I did a while ago was N990. But today, it is about N1008, if not more.”
Another Nigerian student (name withheld), who is studying at Strathclyde University, explained that the new exchange rate might cause him to drop out of school.
He said, “This new reality has called for a review of the whole plan entirely. Everything has to reset at the end of the year.
“My year is ending in October/November but I now have to review everything. I am running a Ph.D. programme and the cost is 20,000 pounds a year. When we were using Form A and the official rate was about N600, it was about N11m.”
He noted that his budget when he started was between N33m –N35m for the entire programme. He stated, “Now, I will be looking at N20m for the second year and N40m in total for my remaining two years.
“This is causing me to rethink my plans, because I can’t spend that type of money on this. N40m is a lot, especially on those at home that are sponsoring this, it doesn’t sound reasonable. This will impact how I will continue with my course.”
Speaking on the matter, a student currently studying in the UK, who simply identified herself as Shalewa said, “When I started schooling in London in 2017, pounds was about N300 or less. I am still in school and now I had to pay N1,000 for one pound. 19,500 pounds to naira means that my mum will be coughing out millions that she should be using for retirement.”
An international multimedia journalist and student based in the UK, Michael Orodare, noted that the suffering of many Nigerian students is an open secret.
He said while many people had tried to use Form A to pay their tuition fee balance, earlier, banks had delayed with excuses, including issues around tax clearance.
He said, “A lot of students are finding it difficult to pay their tuition. What many Nigerian students here are now trying to do is to use the naira in their account to try and buy pounds which is now more than N1000. This is now more expensive and making fee payment very difficult for Nigerian students.”
Intending students worry
The increase in the cost of forex is also affecting many Nigerians intending to study in the UK.
For many of them, Proof of Funds is the most problematic part of their application process now.
She noted that the rates are now dependent on when student submit their visa applications. She explained that when the official rate was around N560 – N600, students’ proof of funds was lower.
Omolewa said, “Proof of funds is the student’s tuition balance plus living expenses. For example, if a student’s tuition is about 15,000 pounds, and they pay 5,000 pounds to the university, their proof of funds will be the 10,000 pounds balance plus living expenses.
“If the school is located outside of London, the cost of living is 9,207 pounds, if it is in London, it is 12,006 pounds. Let’s say we have a 10,000 pounds balance, if the school is outside London which is 9,207 pounds, when you add the two together, you will have 19,207 pounds multiplied by the exchange rate on the day you applied for a visa.
“If it was N1000 on the day it was 19,207 pounds multiplied by N1,000 before it used to be about N580 multiplied by 19,207 pounds.”
Omolewa further explained that PoF has been affected a lot, especially for students trying to go with their family members.
She noted that PoFs have almost doubled. She said, “PoF has almost doubled. This is likely to affect the number of people applying for study Visas now because if you were planning N15 million initially and now you need about N6 million extra if you don’t have it, you will just have to wait until you get it.”
Another student, who is planning to leave by August, said the PoFs had increased considerably with many intending students struggling to meet up.
He said, “When you calculate PoF now, the least you will get is about N1,100. It has really affected it, and it is not a good one. If you wanted to do a PoF of 19,000 pounds, before now you would need N16 million in your account. But now, you would have nothing less than N24 million for a 19,000 pounds PoF.”
Another intending UK-bound student, who only gave her name as Titi, stated that when she started her visa processing, PoF was pegged at N600/pound. According to her, she would have fallen victim to the new exchange rate if not that she applied less than a week before the change.
She noted that her PoF which was N9.8 million is now over N16 million. She told The PUNCH, “I am still good on my PoF, it was still less than N9.8 million. The Friday before the 12th of June, someone asked me to apply for my visa.
“Thank God for countries like the UK where your PoF will be determined based on the exchange rate of the day you apply. That was my saving grace. I applied on that Friday, and by the following week, exchange rate had gone up.
“My PoF was a little above N9.5 million. By the following week, it hit N16 million. I was going to be judged according to the exchange rate on the day of my application, but the thing is if I had applied a little later than I did, my PoF would have risen to over N16 million. I am just an average Nigerian, I don’t have one N6 million, N8 million somewhere. I would have needed about N17 million if I was late.”
According to her, she would have deferred her admission if she had applied after the exchange rate went up.
The parents of a Nigerian student convicted of robbery and blackmail in the United Kingdom have appealed to the authorities to review the verdict, insisting that their son was wrongly convicted and is innocent of all the charges against him.
Mr Aderinkola Akinrinola and Mrs Olayinka Akinrinola made the appeal in a statement released in Ibadan, Oyo State, on Thursday, following the conviction of their son, Oluwatobiloba Akinrinola, by a UK court on June 19, 2026.
He is currently being held in a prison in Nottingham pending his sentencing, scheduled for July 27.
The distraught parents alleged that the conviction was based largely on circumstantial evidence and their son’s association with the principal suspect in the case.
They explained that their son met Richile Vagnu shortly after resuming his studies as a first-year student at Leicester University in September 2025, describing their relationship as that of acquaintances rather than close associates.
“Our son was present at the party where the incident took place, but he was never involved in the robbery,” the parents said.
They claimed that some of the victims testified in court that Oluwatobiloba was not among those who robbed them and that he only briefly entered the room where the incident occurred, asked what was happening and left after making it clear that he did not want to be involved.
The parents further stated that investigators found evidence of money transfers made by victims to accounts linked to other suspects, but found no such transactions in their son’s bank records.
They also alleged that CCTV footage presented during the trial did not place their son at the scene of the alleged robbery, apart from showing him arriving at the party.
According to them, the police were unable to produce some of the suspects in court because they allegedly failed to honour police invitations.
The family further claimed that one of the victims testified that Oluwatobiloba appeared to be trying to assist those affected rather than participating in the crime.
They disclosed that shortly after the incident, their son came across a social media video that allegedly linked him to the attack.
Concerned by the allegations, he reportedly contacted the police voluntarily and offered to present himself for questioning.
According to the parents, officers informed him at the time that he was not considered a suspect.
Describing their son as a calm and sociable young man with no previous criminal record, the couple appealed to the UK authorities to re-examine the case.
They also called on relevant authorities, legal institutions and human rights organisations to look into the circumstances surrounding the conviction and ensure that justice is served.
The statement read in part, “Our son, Oluwatobiloba Akinrinola, was wrongfully convicted of robbery and blackmail. We are Mr Aderinkola Akinrinola and Mrs Olayinka Akinrinola, parents of Oluwatobiloba Akinrinola, who was wrongfully convicted of robbery and blackmail by the UK government on June 19, 2026. He has been remanded in Nottingham Prison pending sentencing on July 27, 2026.
“Our son is innocent of the charges against him. The police argument against him is that he is guilty by association with the prime suspect. The only evidence presented in court against our son is a picture he took with Richile Vagnu, the prime suspect, and CCTV footage showing him entering the venue of the party where the robbery took place on November 21, 2025. Oluwatobiloba Akinrinola met Richile Vagnu in October after resuming school in September as a fresher at Leicester University. They were, at best, acquaintances.
The parents’ statement added, “While our son was present at the party where the robbery took place, he was never part of the robbery. Some of the victims also confirmed this in court. As recorded in his statement, he briefly entered the room where the robbery was taking place, questioned the prime suspect about what was happening and then left, insisting that he did not want to be part of it.
“The robbery victims said they were robbed of their jackets and footwear, and none of the items was found in our son’s possession after police searched his apartment. The police said they found evidence that money was transferred by the victims to the accounts of the other suspects, Vagnu and Ayomide Ibraheem, but no such evidence was found in our son’s bank records.
“The court insists our son is guilty but allowed other suspects to go scot-free, including Ayomide Ibraheem, whom victims identified as the person preventing them from leaving the room during the robbery. In all the CCTV footage played by the police in court, our son did not appear at the scene of the crime. He was only seen entering the party. The police also failed to produce the other suspects in court, despite allegations that they received money from the victims. The police said they did not honour invitations.
“Victims testified that our son was not involved. In fact, one of the victims said he was trying to help them. A few days after the robbery incident, our son saw a misleading video online posted by a TikTok influencer linking him to the attack. He immediately contacted the police and told them he was willing to come in for questioning because he was not involved in the robbery. The police told him not to bother because he was not a suspect.
“Our son is a calm and sociable young man who has never been linked to any criminal activity before now. Please help us. We are devastated. We simply want the world to hear our side of the story. Our son is about to suffer for a crime he did not commit. His life is about to be destroyed for something he did not do. We want the UK government to review the case and ensure that justice is done.”
Moore, who represents West Virginia’s 2nd Congressional District in the U.S. House of Representatives, made the remarks in a post on his X handle on Wednesday.
His reaction followed the Senate’s approval of the bill which seeks to decentralise policing by allowing states to establish their own police services alongside the Nigeria Police Force.
Moore, who has previously spoken on attacks against Christians in Nigeria, said the reform was one he had advocated publicly and privately.
“I’m encouraged to see Nigeria’s Senate approve legislation to establish state-level police forces—a reform I’ve called for publicly and privately since I first started investigating the genocide against Christians in Nigeria.
“I can’t stress how critical this law that will empower states to protect their own citizens and reducing dependence on decision makers in Abuja is to the effort to defend persecuted Christians and address insecurity,” he wrote.
“President Tinubu deserves credit for pushing it forward, but now we need 2/3rds of the states to ratify before it will take effect,” he added.
PUNCH Online reports that the Senate on Wednesday passed the Constitution Alteration Bill seeking to establish state police across the federation after more than two-thirds of senators voted in support during a manual voting process.
The proposed legislation seeks to establish a state policing framework operating concurrently with the federal police system, empowering governors to appoint Commissioners of Police for their respective states, subject to confirmation by their state Houses of Assembly.
The bill also includes safeguards against abuse, providing that state police cannot be deployed against individuals or groups merely for criticising a state government except in accordance with the law. It will only become part of the Constitution after securing the required approvals from state legislatures and completing other constitutional processes.
The department stated that Akintola was taken into custody immediately after her plea and sentencing hearing before Magistrate Judge Kate Vaughan.
The statement noted that at the sentencing hearing, Vaughan condemned the offence, saying she was struck by the fact that Akintola had targeted a vulnerable victim.
It noted that court records showed that Akintola became a social worker for the Snoqualmie Tribe in January 2023 and later applied to become the Social Security Representative Payee for a minor child under the tribe’s care.
The statement added that the child’s mother had died, leaving survivor benefits for the child with a prohibition for social workers from serving as representative payees for children under the tribe’s care.
The statement noted that despite the prohibition, prosecutors said Akintola used the child’s Social Security number and her information to secure the appointment and redirected the benefits into a bank account she controlled.
The attorney’s office stated that she spent the funds on personal expenses, including purchases at a retailer in North Bend, Washington.
The statement read in part, “In September 2023, Akintola applied by telephone to be the Social Security representative payee for a minor child with intellectual disabilities who was a ward of the tribe.
“The Tribe prohibits its social workers from becoming a representative payee for any child under its care. Nevertheless, Akintola used the child’s Social Security number and her own to apply to be the minor child’s representative payee.”
The US noted that the theft was uncovered in July 2024 when Akintola accompanied her supervisor to the Social Security Administration to inquire about the child’s missing benefits.
The department further disclosed that Akintola failed to appear for an earlier plea and sentencing hearing scheduled for May 22, 2026.
The statement added, “Prosecutors learnt she had left the U.S. on May 20, 2026, and travelled to Togo in West Africa using a passport issued in a different last name.
“Akintola appeared for the plea and sentencing hearing yesterday (July 15), and Judge Vaughan ultimately ordered her into custody to begin serving the sentence immediately.”
The statement noted that a representative of the Snoqualmie Tribe told the court that Akintola had abused the trust reposed in her as a social worker and exploited a grieving child for financial gain.
It added that the representative said the stolen funds were intended to support the child’s future independence and well-being and that the victim was an autistic child who depended on the benefits for support following the death of the mother.
“In our profession, a social worker is meant to be a safekeeper. A protector for children who have been stripped of their safety, family, and stability.
“Ms Akintola did not just fail in that duty; she weaponised her position of power to systematically steal from a grieving, autistic child. This money was not a luxury. It was a lifeline.”
The attorney’s office said Akintola was ordered to pay $17,638 in restitution to the Social Security Administration.
She was also barred from ever serving as a Social Security representative payee in the future.
Foreign
Putin ‘shuts down CCTV protecting him’ fearing assassination after Iran’s Ayatollah tracked via cameras and killed
The paranoid Russian tyrant is said to be shaking in his boots after the US and Israel used AI camera hacking to hunt down and kill Iran‘s Ayatollah Ali Khamenei.
Putin is paranoid that his security cameras could be used against him.
It comes after the precise strike that killed Iran’s Supreme Leader on February 28.
The sophisticated operation has sparked fears in Russia that similar technology could be used to track top officials – or the despot himself.
The move underscores mounting Kremlin fears that widespread surveillance cameras could be used against Moscow – given the new powers of AI.
Israeli intelligence are reportedly harvesting huge amounts of data scraped from Tehran’s traffic camera network.
Putin’s surveillance system has since been turned back on – but was only reinstated after engineers tried to break it off from the internet, the Financial Times reported.
The Kremlin is terrified that its sprawling surveillance system could be turned against the regimeCredit: East2West
Israel are understood to be analysing these millions of hours of video using AI-powered software.
Methods like these were reportedly used in the operation to assassinate Ayatollah Khamenei on February 28.
Terrified Russian security chiefs are now warning that the sprawling system of surveillance cameras around the country could be harnessed against them.
Head of Russia’s FSB security service Alexander Bortnikov warned that the deaths of senior Iranian figures should serve as a “clear warning sign” about the vulnerabilities of modern camera networks.
It comes amid the growing capabilities of AI – which can now track and flag certain types of behaviour rather than individual faces.
The technology has been described as the “holy grail of surveillance”, according to one European official who told the FT it lets security services to search for movements rather than simply objects or people.
Earlier this week, Putin ordered his two eldest daughters to move into his bunker palace with him.
Maria Vorontsova, 41, and Katerina Tikhonova, 39, have moved into Mad Vlad’s highly guarded forest palace complex.
The tyrant’s demand for his two daughters and three grandchildren to move in was revealed by a new investigation from We Can Explain.
It reported that Putin’s multi-millionaire daughter Maria and her two children moved to the Valdai palace complex.
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Katerina Tikhonova, 39, a rock n’ roll dancer, also moved in with her son.
The deranged dictator already shared the palace with his mistress Alina Kabaeva, 43, and their two sons, Ivan, 11, and Vladimir, six.
The Valdai complex is guarded by dozens of air defence systems making it one of the most secure locations in Russia.
Putin’s palace now has a total of 27 towers fitted with anti-aircraft systems, up from just seven two years ago.
A Nigerian-born Roman Catholic priest, Anthony Odiong, has been convicted by a jury in Texas, United States, for sexually assaulting women under his spiritual care, The Guardian reports.
Odiong, 57, was found guilty on one count of first-degree sexual assault and two counts of second-degree sexual assault after a trial in Waco, Texas.
The jury, made up of eight women and four men, delivered its verdict after about two hours of deliberation on Friday.
The court heard testimony from two women who said Odiong used his role as a priest to manipulate and pressure them into sexual relationships.
He was accused of exploiting his position as a Catholic priest to pursue sexual relationships with women he was providing spiritual direction.
Odiong, who pleaded not guilty, could face life imprisonment on the first-degree charge when sentencing begins on Monday.
Prosecutors said the offences involved two women who testified in court that the priest abused his clerical authority during periods of emotional vulnerability.
One of the women, identified in court documents as Mary Doe, told the jury that Odiong began a sexual relationship with her while providing spiritual counselling during a difficult divorce.
She also testified that her son once walked in on her and Odiong during intercourse at her home.
Another woman, Jane Doe, testified that he pressured her into sexual acts under the guise of spiritual guidance.
The case followed a 2024 report by The Guardian, which first documented allegations of sexual misconduct and coercion against the priest during his ministry in Texas and Louisiana.
Prosecutors said that report prompted one of the victims to come forward to police with further allegations.
Investigators later gathered additional evidence, including DNA linked to a child fathered by Odiong during his time in Louisiana.
Odiong, a naturalised US citizen, was ordained in Nigeria in 1993 and later served in Catholic parishes in Texas and Louisiana.
Authorities said he was suspended from the ministry in 2019 following earlier allegations of misconduct.
His lawyers argued during the trial that the relationships were consensual, but prosecutors maintained that he abused his position of authority as a clergy member.
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