Breaking: Former Lawmaker, Lanre Laoshe Repays Student Loan with Interest 45 Years Later

In a remarkable display of integrity and gratitude, former House of Representatives member, Hon. Lanre Laoshe, has repaid a N1,200 student loan received between 1976 and 1979 with a staggering N3,189,217.00, 45 years after benefiting from the Federal Government Student Loan Scheme.

Laoshe, who served as Deputy Whip, calculated the current equivalent of the loan using historical exchange rates from the Central Bank of Nigeria, demonstrating his commitment to honoring his debt.

The Nigerian Education Loan Fund (NELFUND) announced the repayment, praising Laoshe’s gesture as an inspiring example of the impact of government support on individuals. This act of goodwill highlights the importance of fulfilling commitments and sets a commendable standard for others to follow.

Laoshe’s repayment is a testament to his character and a reminder of the significance of government initiatives in empowering individuals to achieve their educational aspirations. NELFUND remains dedicated to supporting Nigerian students through its various programs, fostering a culture of integrity and responsibility.