Tag: NELFUND

NANS alleges fraud in NELFUND disbursement

Aminu Imam
NANS alleges NELFUND fraud

…Accuses Polytechnic Rector of fee inflation President of the National Association of Nigerian Students (NANS) has raised serious allegations of financial misconduct in the disbursement of the Nigerian Education Loan Fund (NELFUND), accusing the management of D.S. Adegbenro ICT Polytechnic, Itori, Ogun state, of inflating students’ tuition fees on the loan portal. Speaking during an engagement with stakeholders, the NANS President specifically fingered the Rector of the institution, Dr. Ra’uf Adegoke, alleging that tuition figures uploaded on the NELFUND portal were significantly higher than the actual fees paid by students.…

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NELFUND restarts student upkeep funds nationwide

Aminu Imam
NELFUND restarts

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…

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