UNIPORT Lecturer Denies N5m Loan Due To Poor Salary

A lecturer at the Department of English, University of Port Harcourt, Mazi Eze, has shared his frustration after being denied a N5 million loan due to his monthly salary of N191,000.

Narrating his experience in a post on his Facebook page on Thursday, Eze recalled his visit to First Bank, Choba, where he sought a loan to enhance his Public Speaking Academy Limited and acquire social media gadgets but was told by his account officer that his salary was not enough for the loan he demanded.

Eze expressed disappointment over the challenges faced by academic staff members at the institution, highlighting the significant salary gap compared to counterparts in other universities who reportedly receive monthly incomes ranging from N230,000 to N250,000..

He wrote, “Yesterday, I got insulted big time! By my UNIPORT salary!

I went to my bank, First Bank, Choba to borrow N5 million. My account officer, a jolly good lady, said, ‘We cannot give you up to that amount as a loan.’ ‘Why?’ I asked.

“‘Your salary cannot carry it. Wait, let me see.’ She clicked away at her desktop computer and said, ‘Your salary is N191,000. We can only give you 1.something million repayable within three years.’