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.
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.
A United States-based 23 year old tech-developer, Tony Kabilan Okeke, led a five-man team of Drexel University, Philadelphia, Penn., U.S. alumni and students to develop Xploit, an automated cybersecurity testing tool for AI agents, an ambitious concept that addresses a growing problem in AI landscape.
Beside Tony Okeke who is the Team Lead, other members of the team are Kamdi Okeke, Kiitan Fawole, Dalu Okonkwo and Michael Moemeke.
Speaking to our reporter on the development, Tony said, “As more businesses deploy AI agents that can take actions and use tools on behalf of customers, these systems become potential security risks. Unlike simple AI assistants, agents have access to tools and can perform real actions – meaning a security vulnerability isn’t just a PR problem, it could have serious real-world consequences.”
3rd from right, Team lead, Tony, Kamdi, Dalu, flanked by UEV partners
The team envisioned a tool that could automatically test an AI agent for vulnerabilities – essentially playing the role of a digital attacker to identify weaknesses before real threats could exploit them. This was the outcome of their brainstorming on November 21, 2025, when Tony led the group to build and pitch Xploit in the “Start-Up In a Weekend” Hackathon hosted on November 21 – 23, 2025 in Philadelphia, by The Foundry & Velric, a Philadelphia-based founder-first community that act as a startup ecosystem catalyst.
Tony designed the system’s architecture and created the initial prototype of the user interface (UI). The UI concept was crucial: it needed to visually show how their automated attacker was thinking, strategizing, and attempting different approaches in real-time, all displayed through interactive graph showing the attack process as it unfolded.
Responsibilities were strategically divided amongst the team. Some members created sample AI agents to serve as “victims” for testing. Tony developed the core attacking system. One person refined the user interface, and others handled the technical infrastructure connecting all the pieces together.
The attacking system itself works like a strategic game player. It would first choose an attack strategy, then create a detailed plan, execute that plan step-by-step by sending messages to the target AI agent, and analyze the responses to determine whether to continue or try a different approach. Throughout this process, the web interface displayed everything happening in real-time, allowing users to watch the automated tester work.
The team then integrated everything — making the attacker communicate with the victim AI agent systems, ensuring the automated testing loop ran smoothly, and polishing the final product. They recorded their demo video and submitted their project before the 9 am deadline on November 23, 2025.
During the afternoon judging session, the team delivered their pitch, framing their project around a massive, unaddressed market shift, highlighting a critical market gap: while the explosion of AI agents in 2025 has seen enterprises deploy them to manage everything from infrastructure to sensitive tasks like financial analysis and customer support, small and medium-sized businesses (SMBs) are left vulnerable because they cannot afford to test them for security flaws. Unlike tech giants, SMBs lack the resources for dedicated AI security teams. Xploit, automated cybersecurity tool, directly addresses this need, positioning itself within a booming continuous automated red-teaming market projected to skyrocket from $495 million in 2024 to $4.9 billion by 2032. Xploit democratizes AI safety, levels the playing field, allowing any business to automatically test and secure their AI agents before deployment.
The judges were impressed enough that they took an unusual step — they asked to see the team’s code and development history to verify the project had actually been built during the hackathon weekend. This verification was necessary because the judges found it hard to believe such a polished product could be created in just one weekend.
The team won the “new project track” award and $1,500 in prize money.
“What made the achievement particularly remarkable” according to Kamdi Okeke, “wasn’t just that we built it over a weekend — it was that, competing amongst a diverse group of 100+ of Philadelphia’s most driven creators, we built Xploit in less than a day of actual development time, transforming an abstract idea into a working, polished prototype through focused collaboration and strategic planning.”
Speaking further, Tony said, “The experience at yet another hackathon, UEV’s Venture Building Weekend hosted in Philadelphia, March 12 – 14, 2026, was a turning point for us. The mentorship and feedback we received from industry operators helped sharpen how we think about the problem and where our approach fits in the market.”
United Effects Ventures (UEV) is a Philadelphia-based pre-seed venture studio. Through its Venture Building Weekend, a competitive hackathon, focused on problem validation and go-to-market strategy, teams refined their ideas with guidance from experienced operators and investors. After a grueling 48-hour sprint, Xploit came tops, outperformed 15 other competing teams, earning a cash award and two advisory sessions with partners at UEV; and most importantly, industry experts validated Xploit’s focus on continuous red-teaming as a strong approach to discovering vulnerabilities in AI-powered products.
Mentors at the hackathon validated both the team’s identification of the problem – the growing security risks posed by AI agents operating autonomously in enterprise environment – and their approach of framing the product as continuous red-teaming platform, which could support an ongoing service model.
The accusation comes after US Central Command said its forces had on Monday attacked missile sites and boats in southern Iran that were trying to lay mines in the Gulf, while Iran’s Revolutionary Guards said it fired at US aircraft trying to enter its airspace.
“The US terrorist army, continuing its illegal and unjustified actions since the ceasefire… has, in the past 48 hours, committed a gross violation of the ceasefire in the Hormozgan region,” the Iranian foreign ministry said in a statement.
It added that Tehran “will not leave any evil unanswered and will not hesitate to defend the Iranian nation,” without elaborating.
Tuesday’s statement came as a top Iranian delegation was in Qatar for talks as part of a “diplomatic process” aimed at ending the war with the United States, which broke out on February 28.
AFP
Iranian authorities held mass public weddings in Tehran for couples who signed up to a state-sponsored scheme declaring their readiness to sacrifice their lives in the war against the US and Israel.
The ceremonies conducted late on Monday involved hundreds of couples in several major squares in the capital, including more than 100 in the vast Imam Hossein square in central Tehran, according to reports in Iranian media.
They were broadcast on state TV in a bid to boost wartime morale, with US President Donald Trump repeatedly threatening new military action against Iran amid a shaky ceasefire which halted the fighting that began on February 28.
Those involved had signed up, according to Iranian media, for the so-called “self-sacrifice” scheme (janfada in Persian) where people pledged to put their lives on the line in the war by, for example, forming human chains outside power stations.
Iranian authorities say millions of people, including top figures such as the speaker of parliament, Mohammad Bagher Ghalibaf, and President Masoud Pezeshkian, have put their names forward.
Couples arrived at the Imam Hossein square in military jeeps with mounted machine guns and were married on a stage in a ceremony presided over by a cleric, AFP images showed.
The stage was festooned with balloons and with a giant image of Supreme Leader Mojtaba Khamenei, who has yet to appear in public since being elevated to the position after the killing of his father and predecessor, Ali Khamenei, on the first day of the war.
“Certainly, the country is at war, but young people also have the right to marry,” one young woman in a white Islamic bridal dress, who was not named, said beside her groom in footage published by the Mehr news agency.
A man in a dark suit, beside his bride-to-be, said they were happy the occasion marked the anniversary of the marriage of the Prophet Ali, revered by Shia Muslims, to Fatima, the daughter of the Prophet Mohammed.
“We received their blessings. Furthermore, we came to offer our best wishes to the people in the streets,” he said.
Mehr said 110 couples had taken part in the Imam Hossein Square ceremony alone. The AFP images showed crowds of well-wishers clasping roses and watching on.
Since the start of the war, Iranian authorities have held, on a near-daily basis, major pro-government gatherings in a bid to highlight popular mobilisation amid the conflict.
AFP
The Nigerian community in the United States has been thrown into mourning following the sudden death of Eric Ezeokoli, a student of California State University, Long Beach.
Ezeokoli, who was born on October 6, 1960, reportedly died on Friday, April 11, 2026, at Saint Mary’s Hospital after a brief illness.
Until his death, he was studying Engineering at the university, also known as Long Beach State University. Sources disclosed that he had previously lived in San Jose before relocating to the Los Angeles area.
Tragically, at the time of his passing, Ezeokoli was said to be homeless and living in his car, with no fixed address.
The deceased was originally from Anambra State, although details about his exact hometown remain unclear. There are indications he may have hailed from Aguata, but this has not been officially confirmed.
Efforts are currently underway to locate his family members and relatives in Nigeria. Members of the Nigerian community and concerned individuals are appealing to anyone with useful information about Ezeokoli’s background or family to come forward.
A contact person, Paul Kizito Eze, has been designated to receive information that could help trace the deceased’s relatives.
The appeal has also been extended to people from Anambra State, particularly those familiar with communities in Aguata, to assist in identifying and notifying the family.
The situation has sparked renewed concern over the welfare of some Nigerians living abroad, especially those facing hardship and isolation.
Anyone with relevant information is urged to reach out urgently to assist in reconnecting the late Ezeokoli with his family for proper burial arrangements.
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