The Nigerian Education Loan Fund (NELFUND) has called for greater involvement in its student loan scheme from institutions and students in the South-South and South-East regions of Nigeria. During a workshop in Abuja on Monday, May 5, 2025, NELFUND Managing Director Akintunde Sawyerr appealed to stakeholders to actively engage in the scheme’s process to support
The Nigerian Education Loan Fund (NELFUND) has warned tertiary institutions sternly against diverting or mismanaging funds disbursed under President Bola Tinubu’s student loan scheme. Managing Director Akintunde Sawyerr delivered this message during a stakeholders’ meeting with heads of colleges of education, agriculture, health, and nursing in Abuja on May 7, 2025. Sawyerr disclosed that NELFUND
The Nigerian Education Loan Fund (NELFUND) has publicly rejected claims made in a report by The Guardian Nigeria that accused 51 universities and other institutions of unauthorised deductions from student loans. The report, published on April 29, 2025, sparked widespread concern, but NELFUND quickly issued a statement distancing itself from the article. In the statement,
The management of the Federal University Oye-Ekiti (FUOYE) has denied involvement in the unauthorised deduction of funds from students’ loans disbursed through the Nigerian Education Loan Fund (NELFUND). The NELFUND scheme, introduced on April 3, 2024, by President Bola Tinubu, was designed to assist students in public tertiary institutions. However, over 51 universities across Nigeria
A former Vice Chancellor of the University of Ibadan (UI), Prof. Olufemi Bamiro, has expressed deep concern over the recent reports of mismanagement involving the Nigerian Education Loan Fund (NELFUND). Speaking with The Guardian in Ibadan on May 4, 2025, Bamiro revealed that he was nearly moved to tears after learning that over 51 Nigerian
The Nigerian Education Loan Fund (NELFUND) has disbursed over N116 billion in student loans as of January 1, 2025, benefiting thousands of students across the country. This was revealed during the agency’s budget defence session before the National Assembly Joint Committee on Tertiary Institutions and TETFUND in Abuja. Out of the total disbursed amount, N37.7
Human rights lawyer Deji Adeyanju has urged the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to arrest and prosecute individuals involved in the alleged diversion of N71.2 billion from the Nigeria Education Loan Fund (NELFUND). In a statement released on Thursday, Adeyanju described the alleged mismanagement of the student loan scheme as a
On April 30, 2025, the Presidency issued a stern warning to 51 tertiary institutions implicated in unauthorised deductions from student loans disbursed under the Nigerian Education Loan Fund (NELFUND) scheme. The institutions allegedly deducted between N20,000 and N40,000 from students’ loan disbursements, actions deemed fraudulent and detrimental to the integrity of the student loan program.
ActionAid Nigeria raised the alarm on Wednesday over the widespread abuse of the Nigerian Education Loan Fund (NELFUND) scheme, revealing that more than 50 tertiary institutions across the country have been accused of hiking fees, withholding refunds, and frustrating students attempting to access the student loan programme. Established in 2000, ActionAid Nigeria is the local
At least 51 public tertiary institutions in Nigeria are under scrutiny for making illegal deductions from student loans provided by the Nigerian Education Loan Fund (NELFUND). Reports reveal that these institutions charged students between N3,500 and N30,000 beyond the approved fees, violating the established guidelines for the loan scheme. Several schools, including the Federal University
