6 h. ago Corruption allegations damaged public trust in NELFUND, says Akintunde Sawyerr

Akintunde Sawyerr, managing director of the Nigerian Education Loan Fund (NELFund), says a corruption allegation against the scheme has affected read more Corruption allegations damaged public trust in NELFUND, says Akintunde Sawyerr

Politics

11 h. ago We’ve disbursed N24bn to 293,000 students, N30bn to 303 institutions –NELFund

From Ndubuisi Orji, Abuja The National Education Loan Fund (NELFund) said it has disbursed N24 billion to 293,000 students and another N30 billion to 303 institutions nationwide, making a total of N54 billion, since the commencement of the scheme. Managing Director, Akintunde Sawyerr, who stated this while briefing the House of Representatives Committee on NELFund, […] The post We’ve disbursed N24bn to 293,000 students, N30bn to 303 institutions –NELFund appeared first on The Sun Nigeria.

Politics

18 h. ago NELFund denies fraud allegation, says N54bn of N203bn student loan “transparently” disbursed

The Nigeria Education Loan Fund (NELFund) has denied allegations of diverting funds allocated for the national student loan scheme, stating read more NELFund denies fraud allegation, says N54bn of N203bn student loan “transparently” disbursed

Politics

20 h. ago NELFUND Boss Warns Institutions Against Sabotaging Student Loan Scheme

The Managing Director of the Nigeria Education Loan Fund (NELFUND), Akintunde Sawyerr has warned institutions against hoarding information about the disbursement of student loans to beneficiaries. Sawyerr gave the warning in Abuja on Wednesday while speaking with journalists on the third day of a stakeholder engagement session/workshop on NELFUND system automation and loan application processes. […]

Events

22 h. ago NELFUND Debunks Alleged Diversion Of N54bn Student Loan Funds

The Nigerian Education Loan Fund (NELFUND) has debunked reports of alleged diversion of the scheme’s funds amounting to N54billion. The Managing Director of NELFUND, Akintunde Sawyerr, stated this when he appeared before the House of Representatives Committee oversighting the agency, to clear its name of the alleged irregularities in the administration and disbursement of student […]

Politics

23 h. ago We ‘ve disbursed N24bn to 293,000 students, N30bn to 303 institutions – NELFund

From Ndubuisi Orji, Abuja The National Education Loan Fund (NELFund), yesterday, said it has disbursed a total of N24 billion to 293,000 students, and another N3O billion to 303 institutions nationwide, making a total of N54 billion, since the commencement of the scheme. The NELFund Managing Director, Akintunde Sawyerr, who stated this while briefing the […] The post We ‘ve disbursed N24bn to 293,000 students, N30bn to 303 institutions – NELFund appeared first on The Sun Nigeria.

Politics

45 h. ago NELFUND restates commitment to inclusive student loan access

From Fred Ezeh, Abuja The Nigerian Education Loan Fund (NELFUND) has reaffirmed its dedication to providing equal access to its student loan scheme for all Nigerian students, regardless of location or background. The agency stressed the importance of thorough verification with stakeholders, including the Joint Admissions and Matriculation Board (JAMB) and respective institutions, before disbursing […] The post NELFUND restates commitment to inclusive student loan access appeared first on The Sun Nigeria.

Politics

47 h. ago Stakeholder engagement: NANS knocks NELFUND over disregard for association’s structure

By John Ogunsemore The National Association of Nigerian Students (NANS) said the failure of the Nigerian Education Loan Fund (NELFUND) to formally engage the association before extending stakeholder engagement invitations to student union presidents in the nation’s institutions of higher learning constitutes a blatant disregard for due process. This is contained in a statement jointly […] The post Stakeholder engagement: NANS knocks NELFUND over disregard for association’s structure appeared first on The Sun Nigeria.

Politics

58 h. ago Students protest alleged mismanagement of N100bn student loans

• Block Lagos-Ibadan highway, demand presidential probe   From Laide Raheem, Abeokuta The National Association of Nigerian Students (NANS), yesterday, blocked the Redeemed Christian Church of God (RCCG) Camp section of the Lagos-Ibadan Expressway to protest the alleged mismanagement of N100 billion funds allocated to the Nigeria Education Loan Fund (NELFUND). The blockage of both […] The post Students protest alleged mismanagement of N100bn student loans appeared first on The Sun Nigeria.

Politics

64 h. ago Student loan: NELFUND concerned over low participation of students from south

From Fred Ezeh, Abuja Nigerian Education Loan Fund (NELFUND) said it’s concerned with low participation of students from the south-south, south east regions in the students’ loan programme. NELFUND, at a meeting of stakeholders in Abuja, on Monday, said that available data indicated that students in these regions are not indicating interest in the programme, […] The post Student loan: NELFUND concerned over low participation of students from south-south, south east appeared first on The Sun Nigeria.

Politics

3 d. ago NANS Threatens Action Against Corrupt University Officials Over Student Loan Mismanagement

The National Association of Nigerian Students (NANS) has called on the federal and state governments to take decisive action against heads of tertiary institutions implicated in the mismanagement of the Nigerian Education Loan Fund (NELFUND) scheme. The association demanded the immediate sack of Vice Chancellors, Rectors, and Provosts found guilty of corruption or mismanagement linked […] The post NANS Threatens Action Against Corrupt University Officials Over Student Loan Mismanagement appeared first on Information Nigeria.

Politics

6 d. 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

6 d. 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

6 d. 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

6 d. 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

7 d. 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

2 w. 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.

Politics

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

3 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

3 w. ago NELFUND: NANS condemns withholding of student loans, threatens protests

The National Association of Nigerian Students has voiced concern over the alleged non-disbursement of student loans by the Nigerian Education Loan Fund, despite claims that funds have already been released. PUNCH online reports that an investigation into the handling of the Federal Government’s student loan programme revealed that some tertiary institutions, in collaboration with banks, Read More

Politics