The Nigerian Education Loan Fund said it has disbursed N58.85 billion to cover over 550,000 students’ tuition and upkeep fees in one year amid missing fund controversies. NELFUND, Director of Corporate Communications, Oseyemi Oluwatuyi, disclosed this in a statement on… N58.85bn paid to Nigerian students in 12 months — NELFUND amid missing fund saga …C0NTINUE … Read more
The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of April 2025 upkeep payments to eligible student beneficiaries across the country. Mrs Oseyemi Oluwatuyi, Director, Strategic Communications in NELFUND disclosed this in a statement made available to newsmen in… NELFUND disburses April upkeep payment to students …C0NTINUE READING HERE >>>>
A comprehensive review of the Nigerian Education Loan Fund, NELFund, operations across universities by the federal government, has commenced The review followed allegations of fraud in the disbursement of the student loan which has elicited outrage across the country. Dr Maruf… Nigerian govt begins review of student loan processes at NELFund …C0NTINUE READING HERE >>>>
Managing Director of the Nigerian Education Loan Fund, NELFund, Akintunde Sawyerr, says corruption allegations against the scheme has affected its public perception. DAILY POST reports that there have been claims of mismanagement of funds earmarked for disbursement to… Fraud allegation has undermined public trust in NELFund – Sawyerr …C0NTINUE READING HERE >>>>
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has admitted that it made an error in its claim that a huge part of the money released by the government for the Nigeria Education Loan Fund (NELFUND) has gone missing. The ICPC, in an updated… NELFUND Money Not Missing, It Was An Error …C0NTINUE … Read more
The Ministry of Education has announced that it is investigating allegations of unauthorised deductions from students’ loans and NELFund accounts by universities. The ministry’s Director of Press and Public Relations, in a statement, said that an urgent meeting has been… NELFUND: Education Minister reacts to alleged deduction of student loans by universities …C0NTINUE READING HERE … Read more
The Federal Ministry of Education has promised to investigate alleged deductions and diversions of funds from students loans under the Nigeria Education Loan Fund (NELFUND). A statement on Thursday by the Director of Press and Public Relations from the ministry said an urgent… Ministry Of Education Reacts, Summons Emergency Meeting Over Alleged Diversion Of NELFUND … Read more
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) announced on Thursday that only ₦28.8 billion was allocated to students across various tertiary institutions, despite ₦100 billion being released to these schools by the Federal Government. The… Over ₦71 Billion Diverted From FG Student Loan – ICPC Reveals …C0NTINUE READING HERE >>>>
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered major discrepancies in the administration of the Nigeria Education Loan Fund (NELFUND), revealing that only ₦44.2 billion of the ₦203.8 billion allocated for student loans has so far… Only N44.2bn disbursed from N203.8bn student loan fund – ICPC probes schools …C0NTINUE READING HERE … Read more
The Nigeria Education Loan Fund (NELFUND) has announced that more than 500,000 students have applied for loans through its platform in just 11 months, underscoring the pressing demand for accessible student financing in the country. In a statement released by the agency’s Director of… Over 500,000 students applied for loans in 11 months …C0NTINUE READING … Read more