The Nigeria Education Loan Fund (NELFUND) insists no money is missing from the student loan scheme despite claims to the contrary.
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The Federal Government has summoned Vice Chancellors of some schools and the Managing Director of Nigeria Education Loan Fund (NELFund) to discuss the diversion of funds meant for the student loan scheme.
The Nigerian Education Loan Fund (NELFund) has denied claims of mismanagement in disbursing student loan funds.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an investigation into discrepancies in the disbursements of the student loan, saying ₦71bn has been unaccounted for in the scheme.
The Managing Director, of Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr says students in federal tertiary institutions would first be considered in the rollout of the scheme.
ASHENEWS reports that President Bola Tinubu has directed the management of the Nigerian Education Loan Fund (NELFUND) to expand its focus area by extending interest-free loans to Nigerian students interested in skill-development programmes.
President Bola Tinubu has declared that the student loan program would commence full operation in January 2024.
ASHENEWS reports that President Bola Tinubu has directed the removal of all restrictions around the student loan initiative.