BREAKING: NELFUND Introduces Token System to Stop Double Payment of School Fees

What NELFUND’s new token system means for Nigerian students – Sawyerr

The Managing Director of the Nigerian Education Loan Fund, NELFUND, Akintunde Sawyerr, has explained how the agency’s newly introduced tokenised payment system will change the way Nigerian students pay their school fees. Speaking during a briefing with journalists on Wednesday, Sawyerr said the initiative was designed to prevent double payments of school fees by students […] What NELFUND’s new token system means for Nigerian students – Sawyerr

NELFUND moves to stop students collecting loans while parents pay fees

“This comment is based on our recognition that there are so many students out there who are double-dipping. They are taking from the NELFUND and still stressing their parents,” he said.

BREAKING: NELFUND introduces token system to stop double payment of school fees

The Nigerian Education Loan Fund has introduced a token system to stop double payment of school fees and eliminate refund issues for student loan beneficia

NELFUND uncovers students collecting loans while parents pay school fees

The wallet system helps the fund manage payments, while institutional fees and upkeep allowances are handled separately.

NELFUND pilots tokenised payments to prevent double payment of school fees

By Emmanuella Opara | October 28th 2026 KEY POINTS MAIN STORY The Nigerian Education Loan Fund (NELFUND) has begun piloting a tokenised payment system designed to prevent students from paying school fees twice and reduce the need for refunds when institutions receive payments from the fund after students have already paid independently. Managing Director of […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

NELFUND Introduces New Payment Token to Stop Students From Paying School Fees Twice

The Nigerian Education Loan Fund (NELFUND) has begun piloting a payment approval system that allows students to authorise school fee payments through a token linked to their institution. NELFUND Managing Director Akintunde Sawyerr announced the initiative at a press briefing on Wednesday, revealing that the fund had received nearly 400,000 applications. The system is designed […]