The Nigerian Education Loan Fund, (NELFUND), has officially resumed the disbursement of upkeep allowances to student beneficiaries who successfully updated their bank account information from digital wallet services to traditional commercial bank accounts.
This update was made public in a statement released yesterday by the Fund’s Director of Corporate Communications, Oseyemi Oluwatuyi, who described the move as a major step forward in resolving prior payment delays.
“Over 3,600 students who had initially provided details of digital-only bank accounts have now received their outstanding upkeep payments after switching to commercial bank accounts via the NELFUND portal”, Oluwatuyi noted.
Students who are yet to receive their payments and still use digital wallet accounts are urged to submit a support ticket through the official NELFUND portal to request access for updating their banking details.
Alternatively, they may report their case through their institution’s IT office, which will compile and forward such reports to NELFUND for resolution.
The Fund reaffirmed its commitment to ensuring that no eligible student is excluded from receiving financial support. According to Oluwatuyi, this ongoing process is part of NELFUND’s broader efforts to deliver a more transparent, efficient, and student-focused support system.
Students were also reminded to interact solely through official NELFUND platforms and to assist peers who may need help updating their details.
Oluwatuyi acknowledged the patience shown by affected students, adding, “Your resilience and cooperation have played a crucial role in making this breakthrough possible.”
“We deeply appreciate your patience and support as we continue to build a more dependable and inclusive student loan system,” the statement concluded.
