NASS approves student loan bill with imprisonment clause for defaulting students The Students Loan Bill recently passed by the National Assembly, recommends two years of imprisonment or a fine of N500,000, or both, for students who default on repayment or anyone found aiding defaulters, as reported by The PUNCH. The bill, titled 'A Bill for an Act to provide for easy access to higher education for Nigerians through an interest-free loan from the Nigerian Education Bank established in this Act to provide education for Nigerians and other purposes connected thereto,' was...