NELFund boss reacts to alleged fraud in student loan scheme, gives account

NELFUND: Against a culture of impunity, By Dakuku Peterside

When the Nigerian Education Loan Fund, better known as NELFUND, was unveiled, it landed like a spark in a dry forest of despair. It brought a glimmer of hope, like a bold attempt to democratise access to higher education in a country where tuition fees are a barricade and scholarships are too few, too politicised, or too […] The post NELFUND: Against a culture of impunity, By Dakuku Peterside  appeared first on Premium Times Nigeria.

N54bn released to schools, N24bn to students — NELFund MD - Daily Trust

The Managing Director of the Nigerian Education Loan Fund (NELFund), Akintunde Sawyerr, has said the body disbursed N54 billion to 303 institutions, while N24 billion of the sum went directly to students’ bank accounts. He stated this in an interview with TVC on Saturday, following reports of mismanagement of funds earmarked for disbursement to students. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) commenced an …

NELFund boss reacts to alleged fraud in student loan scheme, gives account

Sawyerr also confirmed that some institutions might be imposing additional charges, which he says is at the heart of the controversy.

Student Loan: NELFUND MD Warns Institutions Against Sabotage - Thepodiummedia

The Nigerian Education Loan Fund (NELFUND) has warned tertiary institutions against any acts of sabotage in the process of application and disbursement of loans to students, insisting that there must be transparency and openness, including prompt disclosure of disbursement information to beneficiary students. Managing Director of NELFUND, Akintunde Sawyer, gave the warning during the third day stakeholders meeting and engagement with Heads of Co…

We Won’t Allow Sabotage Of Tinubu’s Student Loan

The Nigerian Education Loan Fund (NELFUND) has pledged to take action against institutions that sabotage President Bola Tinubu’s education loan initiative. The NELFUND Managing Director, Akintunde Sawyer, who pledged during the ongoing stakeholders meeting and engagement with Heads of Colleges of Education, Agriculture, Health and Nursing in Abuja, warned that any institution found engaging in illegality will be reported and dealt with administr…

NELFUND Boss Cautions Tertiary Institutions Against Obstructing Student Loan Scheme

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, has issued a stern warning to tertiary institutions, urging them to refrain from withholding critical information or delaying the disbursement of student loans.