The Modibbo Adama University (MAU), Yola, has commenced the disbursement process of the Bank of Industry (BOI) loan to its qualified staff members.
This was contained in an internal memo signed by the Bursar, Mr. Haniel N. Ayuka, dated Oct. 31, 2025, and addressed to the leadership of staff unions and cooperative societies in the university.
According to the memo, the university has received a list of applications from the Bank of Industry for proper scrutiny and onward disbursement to eligible beneficiaries.
Ayuka explained that the BOI loan is a statutory facility, adding that there would be no compromise on deductions from beneficiaries’ salaries.
He further directed that henceforth, all applications for other loans within the university system must receive clearance from the Bursar’s office.
The Bursar said the directive was to ensure that staff salaries could accommodate loan deductions and prevent the approval of loans that might not be recoverable through the payroll.
Copies of the memo were distributed to the chairmen of ASUU, SSANU, NAAT, NASU, cooperative societies, and MAU Microfinance Ltd.
