25 July 2026
Regulatory

ICPC Clarifies NELFUND Probe as NANS Demands Student Representation

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has retracted its earlier implication of financial discrepancies within the Nigerian Education Loan Fund (NELFUND), clarifying that no fraud or diversion has been established so far in its ongoing investigation into the administration of student loans. In a follow-up statement signed by Demola Bakare and

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TETFUND

NOA Targets Universities, Banks Over Alleged Student Loan Mismanagement

The National Orientation Agency (NOA) has intensified efforts to address alleged irregularities in the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND).  Investigations have uncovered instances where some universities and banks reportedly withheld or delayed approved loan disbursements, raising concerns about transparency and accountability in the scheme. The student loan initiative, re-enacted

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