Bayero University Kano issues crucial Notice to All Staff Members

The Management of Bayero University, Kano (BUK), has issued an urgent warning to all members of its academic and non-academic community about the risks associated with obtaining unauthorized online loans. Recent incidents have revealed that many staff members are falling victim to unfavorable loan agreements, leading to financial deductions exceeding the approved limits.

Key Concerns Raised:

1. Unauthorized Deductions

Some loans acquired online have resulted in deductions from salaries that surpass the approved minimum deduction, causing undue financial strain on staff.

2. Scams and Fraudulent Schemes: Numerous online platforms fail to disclose clear terms and conditions, leaving borrowers vulnerable to scams.

University Directive:

To address these concerns, the Management strongly advises the following:

– Avoid Filling Out Forms on Unverified Platforms: Staff should refrain from providing personal or financial information on online loan platforms without thorough investigation.

– Seek Proper Authorization: Ensure that any loan transaction is cleared through the relevant University units or authorities.

– Exercise Caution

Be vigilant and prioritize financial literacy to avoid falling prey to scams.

Management’s Stand:

BUK Management has emphasized that it will not bear any responsibility for loans obtained without proper clearance. Previous interventions in similar cases highlight the necessity for staff members to be cautious and adhere strictly to University-approved financial procedures.

Stay Protected:

This advisory serves as a preventive measure to safeguard the financial stability of all University staff. Compliance with these directives will contribute to a secure and scam-free financial environment.