16 h. ago Federal Varsity Lokoja Fully Compliant On NELFUND Loan Disbursement – Management

The management of the Federal University of Lokoja (FUL) said it has fully complied with the National Education Loan Fund (NELFUND) policies regarding the disbursement of N188,002,500 in education loans to 1,631 students of the institution. According to Daniel Ikechukwu Nwankwo, the institution’s public relations officer (PRO), the management took this opportunity to clarify all […]

Politics

16 h. ago ICPC says no discrepancies in NELFUND student loan disbursements

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has clarified that there are no discrepancies in the disbursement read more ICPC says no discrepancies in NELFUND student loan disbursements

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24 h. ago NELFund: Education Minister Breaks Silence On Alleged Student Loan Deductions

The Federal Ministry of Education is investigating reports of unauthorized deductions from student loans by some Nigerian universities under the NELFund scheme. This follows a report by The Guardian and an ongoing ICPC probe. An emergency meeting with affected vice chancellors and the NELFund MD has been scheduled for May 6, 2025. The statement, released […] The post NELFund: Education Minister Breaks Silence On Alleged Student Loan Deductions appeared first on Information Nigeria.

Politics

25 h. ago Federal Gov’t Summons Indicted VCs, NELFUND Over Alleged Student Loan Fraud

The Federal Government has summoned Vice Chancellors of affected universities and the Managing Director of the Nigerian Education Loan Fund (NELFUND) to an emergency meeting scheduled for May 6, 2025, following disturbing allegations of unauthorised deductions from student loans. The Minister of Education, Dr. Maruf Olatunji Alausa, described the situation as extremely concerning, vowing that […]

Politics

26 h. ago ICPC clarifies student loan probe, admits error in press release

From Adanna Nnamani, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has issued a clarification on its investigation into the Nigeria Education Loan Fund (NELFUND) student loan scheme, admitting an error in a prior press release that misled the public. In a statement on Thursday, May 1, 2025, ICPC spokesperson Demola Bakare […] The post ICPC clarifies student loan probe, admits error in press release appeared first on The Sun Nigeria.

Politics

26 h. ago ICPC probes N71.2bn discrepancy in NELFUND student loan disbursements

From Adanna Nnamani, Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has launched a comprehensive investigation into discrepancies in the Nigeria Education Loan Fund (NELFUND) student loan disbursements. ICPC spokesperson Demola Bakare made the announcement in a statement on Thursday. The probe follows reports implicating 51 tertiary institutions in unauthorised deductions of […] The post ICPC probes N71.2bn discrepancy in NELFUND student loan disbursements appeared first on The Sun Nigeria.

Politics

33 h. ago ICPC Probes NELFUND Over N71.2bn Discrepancy In Student Loan Disbursement

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has launched investigations into alleged discrepancies surrounding the disbursement of student loans by the Nigeria Education Loan Fund (NELFUND). This was disclosed in a statement by the commission on Thursday, stating that the Chief Executive Officer of NELFUND, Akintunde Sawyerr, officials of the Central Bank […]

Politics

49 h. ago Federal Gov’t Presents Licence To Isaac Balami Varsity Of Aeronautic As Institution Kicks Off

The National Universities Commission (NUC) has officially presented the approved licence for the immediate take-off of Isaac Balami University of Aeronautic and Management. Recall that President Bola Tinubu had recently approved the university during a Federal Executive Council (FEC) meeting held at the State House, Abuja. The approval of the university whose licence had been […]

Politics

9 d. ago Federal Gov’t Releases ₦50bn Earned Academic Allowance To Varsity Unions

The Federal Government had released the sum of ₦50 billion to the academic and non-academic staff unions of federal universities for the settlement of their Earned Allowances as promised by President Bola Tinubu. This was announced by the Minister of Education, Dr. Maruf Alausa, in Abuja on Wednesday. The Federal Government of Nigeria and the […]

Politics

1 week ago CONUA seeks probe of NELFUND student loan mismanagement by institutions

By Gabriel Dike The Congress of University Academics (CONUA) on Tuesday expressed concern about recent reports alleging unethical practices by some institutions in the administration of the Nigerian Education Loan Fund (NELFUND), a scheme meant for students in tertiary institutions in the country. The union in a statement signed by the National President of CONUA, […] The post CONUA seeks probe of NELFUND student loan mismanagement by institutions appeared first on The Sun Nigeria.

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2 w. ago Student loans: NELFUND disburses N50bn to over 500,000 students

By Oluseye Ojo Almost ₦50 billion has been disbursed by the Nigeria Education Loan Fund (NELFUND) to over 500,000 students in tertiary institutions across Nigeria, the National Orientation Agency (NOA) has disclosed. The disclosure was made by the Oyo State Director of NOA, Dr Olukemi Afolayan, when she featured on a live television programme – […] The post Student loans: NELFUND disburses N50bn to over 500,000 students appeared first on The Sun Nigeria.

Politics

2 w. ago NANS raises alarm over student loan diversion by institutions

From Laide Raheem, Abeokuta The National Association of Nigerian Students (NANS) has raised concerns over unethical practices in the disbursement of the Nigerian Education Loan Fund (NELFUND), alleging that some tertiary institutions, in collusion with banks, are diverting student loans for personal gain. Speaking on Thursday in Abeokuta, NANS National Vice President for Inter-Campus and […] The post NANS raises alarm over student loan diversion by institutions appeared first on The Sun Nigeria.

Politics

2 w. ago Institutions risk legal action hiding student loan disbursement information — NELFund

The Nigerian Education Loan Fund (NELFUND) has warned that tertiary institutions that fail to inform students of loan disbursements made read more Institutions risk legal action hiding student loan disbursement information — NELFund

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2 w. ago Institutions, banks withholding student loan funds – NELFUND

An investigation into the handling of the Federal Government’s student loan programme has revealed that some tertiary institutions, in collaboration with banks, are allegedly withholding disbursed loans from students. The findings were presented on Sunday by the Community Orientation and Mobilisation Officers of the National Orientation Agency, following reports of unethical practices. The issue came Read More

Politics

3 w. ago NELFUND Threatens To Sue Universities Withholding Student Loans But Still Asking Recipients To Pay School Fees

The Nigerian Education Loan Fund (NELFUND) has expressed strong concerns over unethical practices reportedly perpetrated by some tertiary institutions in relation to the student loan scheme. According to NELFUND, certain institutions have been receiving student loan payments directly into their accounts but have failed to inform the students or update their fee records accordingly. This […] The post NELFUND Threatens To Sue Universities Withholding Student Loans But Still Asking Recipients To Pay School Fees appeared first on Information Nigeria.

Culture

3 w. ago Student loan: NELFund uncovers institutional fraud, extortion of students

By Fred Ezeh, Abuja The Nigerian Education Loan Fund (NELFund) announced on Thursday that it has uncovered fraudulent activities by some institutions in the student loan programme’s implementation. In a statement, NELFund revealed that certain institutions fail to inform students of disbursements made on their behalf, yet still demand payment of institutional fees from those […] The post Student loan: NELFund uncovers institutional fraud, extortion of students appeared first on The Sun Nigeria.

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