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From Fred Ezeh, Abuja
Nigeria Education Loan Fund (NELFund) said it has uncovered some “fraudulent” activities being perpetrated by some institutions in the implementation of the student loan programme.
NELFund, in a statement, said it discovered that some institutions have chosen not to notify candidates about disbursements made on their behalf from NELFund while still demanding payment of institutional fees from the same students.
The Managing Director, Mr. Akintunde Sawyerr, warned against such practices, stating that the Agency will take legal action against institutions that are involved in such deceptive practices.
He reminded the institutions that NELFund exists to ensure no eligible Nigerian is denied the opportunity to pursue higher education due to lack of funds, thus urging institutions to support the noble cause, and avoid any actions that could undermine public trust or deny students their rightful support.
The managing director emphasised that NELFund’s mission is to expand access to higher education by relieving the financial burden on Nigerian students and their families, in line with the vision of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“This act of withholding critical financial information from students is not only unethical, but a direct violation of the principles upon which NELFund was established,” he said.
Mr. Sawyerr called on all institutions to uphold transparency and work collaboratively with the Fund in ensuring the efficient delivery of this national mandate.
He reassured students and the public of the commitment of NELFund to accountability, fairness, and the successful implementation of the student loan scheme across the country.
