The House of Representatives has called for a thorough investigation into alleged unethical practices in the disbursement of student loans…
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ICPC’s Director, Public Enlightenment and Education/Spokesperson for the Commission, Demola Bakare, made this known in a statement.
This was contained in a statement by the Director, Strategic Communications, NELFUND, Oseyemi Oluwatuyi, to newsmen on Friday.
The impression given hitherto, which some Nigerians have bought, is that disbursements are only made upon access to funds from the government.
A statement by the NOA’s Deputy Director of Communications and Media, Paul Odenyi, on Sunday confirmed the shortchanging of students.
Managing Director of NELFUND, Akintunde Sawyerr, who disclosed this at a news conference in Abuja on Monday, said the 2024/2025 application cycle would commence on February 22.
Managing Director of NELFUND, Akintunde Sawyerr, who disclosed this at a news conference in Abuja on Monday, said the 2024/2025 application cycle would commence on February 22.
The Managing Director of NELFUND, Akintunde Sawyer, made the revelation in the Federal Capital Territory, Abuja on Thursday.
The repayment of the loan was made known in a statement issued by the Nigerian Education Loan Fund on Tuesday in Abuja.
This was disclosed on the official X handle (formerly Twitter) of the Nigerian Education Loan Fund on Wednesday.
Economic Confidential reports that the largest beneficiary was Bayero University Kano got the largest share of the loan.
The Spokesman of the Fund, Nasir Ayitogo, in a statement on Friday in Abuja, said that 22,120 students benefited from the exercise.
The Fund, in a statement signed by the Head, Media and Public Relations, Nasir Ayitogo, noted that the onboarding followed the successful submission and verification of data completeness.
The Fund, in a statement issued in Abuja, said the decision was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to the NELFUND Student Verification System.
This was made known in a statement by its Head, Media and Public Relations, Nasir Ayitogo, in Abuja on Thursday.
Similarly, over 60,000 individuals have registered on the website of the fund.
The alumni group gave the commendation as the Federal Government launched the Nigerian Education Loan Fund.
He also appealed to President Tinubu to extend this loan to students in Diaspora, while noting that many Nigerian studying overseas are suffering to meet up with their school fees.
The bill, which scaled first, second, and third readings in both parliamentary sittings, became law on Wednesday.
He said with the scheme, industrial action by staff unions of tertiary institutions would become a thing of the past.