Tag: LOANS
FG Reacts To Alleged Deduction Of Student Loans By Universities
The Ministry of Education has announced that it is investigating allegations of unauthorised deductions from students’ loans and NELFund accounts by universities. The ministry’s Director of Press and Public Relations, in a statement, said that an urgent meeting has been scheduled for 6 May 2025 with the vice chancellors of the affected universities and the…
Missing N71.2bn: ICPC Investigates Discrepancies In Disbursement Of Student Loans
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund, NELFUND. This follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the…