Crackdown: NELFUND Targets Universities Over Student Loan Fraud
The Nigerian Education Loan Fund (NELFUND) has issued a stern warning to tertiary institutions involved in fraudulent practices related to the student loan scheme, stressing that offenders will face sanctions. According to the latest operational…
NELFUND Marks First Anniversary with Over 550,000 Student Loan Applications, ₦56.85 Billion Disbursed
The Nigerian Education Loan Fund (NELFUND) is celebrating its first anniversary with a remarkable milestone: over 550,000 loan applications received within just one year of operation. The fund announced this achievement in a statement marking the…
NELFUND Denounces ICPC Unaccounted Funds Claims, Reaffirms Commitment to Transparent Student Loan Scheme
The Nigerian Education Loan Fund (NELFUND) has expressed concern over the growing spread of inaccurate, misleading, and speculative reports about the management of the student loan scheme. These reports, which imply misappropriation and mismanagement of…
Ministry, ICPC Probe Alleged ₦71.2bn NELFUND Discrepancy and Illegal Deductions by Universities
The Nigerian Ministry of Education has launched an investigation into alleged unauthorized deductions from student loans disbursed through the Nigeria Education Loan Fund (NELFUND). This move is part of the National Education Sector Reform Initiative…