28 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

31 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

32 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

41 h. ago EFCC Nabs 35 Suspects In Edo Over Alleged Internet Fraud Activities

The Economic and Financial Crimes Commission has nabbed 35 people suspected of internet fraud in Auchi, Edo State. The arrests occurred at various locations throughout the town, including Vigilante Street, off Sabo Ibenafo Road, and the Back of Yak area. In a statement shared on its verified Twitter handle on Tuesday, the EFCC said the […] The post EFCC Nabs 35 Suspects In Edo Over Alleged Internet Fraud Activities appeared first on Information Nigeria.

Politics

52 h. ago Education Minister Meets VCs As Protests Erupt Over Student Loan Scandal

As controversy mounts over the alleged mismanagement of the Federal Government’s student loan scheme, Education Minister Dr. Tunji Alausa is scheduled to meet today with Vice-Chancellors and heads of institutions accused of mishandling disbursed funds. The meeting will focus on training bursars and ICT heads to ensure the loan scheme runs smoothly. A new compliance […] The post Education Minister Meets VCs As Protests Erupt Over Student Loan Scandal appeared first on Information Nigeria.

Politics

56 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

3 d. 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 EFCC Arraigns Suspected Mastermind Of $2.5m Cryptocurrency, Romance Scams In Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Monday, arraigned Friday Audu, alleged mastermind of a sprawling cryptocurrency and romance fraud schemes, before Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos State. Audu, alongside his company, Genting Nigeria Limited, faced a seven-count charge bordering on […]

Politics

3 d. ago Fraud probe: Immigration on high alert as NNPC officials, contractors allegedly plot escape

By Adewale Sanyaolu To prevent contractors and former officials of the Nigerian National Petroleum Company Limited (NNPC Ltd) fingered in the ongoing fraud probe from evading accountability, the Nigerian Immigration Service (NIS), at the weekend, ramped up surveillance on them. To this end, immigration officials are on red alert to ensure those accused of plotting […] The post Fraud probe: Immigration on high alert as NNPC officials, contractors allegedly plot escape appeared first on The Sun Nigeria.

Politics

4 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

5 d. ago EFCC Launches Probe Into NNPCL Over Alleged $2.96bn Refinery Fraud

The Economic and Financial Crimes Commission (EFCC) has begun probing several former officials of the Nigerian National Petroleum Company Limited (NNPCL), including ex-managing directors of the Port Harcourt, Warri, and Kaduna refineries. The investigation concerns the alleged diversion of about $2.96 billion meant for refinery repairs. A senior EFCC source confirmed on Saturday, “The investigation […] The post EFCC Launches Probe Into NNPCL Over Alleged $2.96bn Refinery Fraud appeared first on Information Nigeria.

Politics

6 d. 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

Politics

7 d. 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

7 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

7 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

7 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

8 d. ago CBEX: Foreigner declared wanted by EFCC over investment fraud

A foreign national named Elie Bitar has been declared wanted by the Economic and Financial Crimes Commission (EFCC) for his alleged involvement in a cryptocurrency fraud linked to the online trading platform, Crypto Bridge Exchange (CBEX). The development is contained in an official bulletin issued by EFCC, wherein Bitar, 41, is accused of defrauding multiple […] The post CBEX: Foreigner declared wanted by EFCC over investment fraud appeared first on The Sun Nigeria.

Politics

8 d. ago Presidency To Sanction Tertiary Institutions Over Alleged Student Loan Fraud

The Federal Government, through the Office of the Senior Special Assistant to the President on Student Engagement, has initiated a crackdown measure on tertiary institutions reportedly implicated in fraudulent activities related to student loans. Senior Special Assistant to the President Bola Tinubu on Student Engagement, Comr. Asefon Sunday Dayo, stated this in a press statement […]

Politics

1 week ago Alleged Fraud: Court Grants EFCC’s Request To Arrest, Detain Six CBEX Promoters

A Federal High Court in Abuja has granted Economic and Financial Crimes Commission the go ahead to arrest and detain six promoters of Crypto Bridge Exchange over alleged investment fraud. It was gathered that Justice Emeka Nwite, on Thursday, who gave the order after EFCC’s lawyer, Fadila Yusuf, moved an ex-parte motion to the effect, […] The post Alleged Fraud: Court Grants EFCC’s Request To Arrest, Detain Six CBEX Promoters appeared first on Information Nigeria.

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