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Loan board in Tanzania soon to publish MPs failed to repay back money

Badru said the list of names alongside pictures of the defaulters will also be placed in different database so they can easily be identified.

Loan board in Tanzania soon to publish MPs failed to repay back money

Badru said the list of names alongside pictures of the defaulters will also be placed in different database so they can easily be identified.

12 November 2017 Sunday 11:42
Loan board in Tanzania soon to publish MPs failed to repay back money

By Azania Post Reporter

MEMBERS of Parliament in Tanzania who did not refund their loans to the Higher Education Students’ Loans Board (HESLB) for a long time will have their names published to the public, it has learnt.

This was said over the weekend in Dodoma by the Deputy Minister for Education and Vocational Training William Ole Nasha when responding to a supplementary question raised by Pascal Haonga , Mbozi Legislator (Chadema)

The MP had wanted the government to reinstate 8 percent monthly deduction for HELB benefiaries instead of the current 15 percent.

Responding Deputy Ole Nasha said the board is accumulating names of leaders who did not repay back their loans .

We will soon start t publishing names and pictures of chronic defaulters including legislators who graduated some years back .

Recently the HELSB Executive Director Abdul-Razaq Badru, said the loans board had issued a 30-day notice to 142,470 former students to pay loans amounting to 239.3 billion/- or face justice.

“We had issued a four-week notice when it expired; we added two more weeks, which expire at the end of this month. We will now move on to take legal measure against the defaulters that will include publishing their names alongside their pictures,” he explained.

Badru said the list of names alongside pictures of the defaulters will also be placed in different database so they can easily be identified.

“We are finalising legal procedures that will be taken against them and we also said that they will be forced to pay all expenses used in seeking them,” the ED stated. Badru said out of the more than 100,000 former students given the notice about 42,700 went to the HESLB offices and paid.

“Some of them paid the whole amount and some entered into special agreement to clear the amount that they owe the loans board. He explained that previously they used to collect about 2bn/- per month but the amount has increased and by November, this year, they collected 8bn/- per month.

Badru called on employers who have not been making any deductions or remitting the deductions to do so within the next two weeks before the task force starts executing its duties.

According to the amended HESLB Act No. 9 of 2004 graduate will now be deducted 15 percent from their from 8 percent

When HESLB started operations in 2005, it took over the responsibility of pursuing payment of loans amounting to 51.1bn/- that had been issued by the ministry to 48,378 students. By June 2016, a total of 379,179 Tanzanians had benefited from HESLB loans since the board’s establishment in June 1994.

Azania Post

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