The Provost of Harvarde College of Science and Management Studies, Obada, Abeokuta, Dr Oluwatosin Adebayo, has faulted the calls for students of private tertiary institutions to benefit from the Nigerian Education Loan Fund. Adebayo argued that parents who send their children to private universities in Nigeria do so because they can afford the tuition, adding…
The Nigerian Education Loan Fund has warned students to be cautious of a fake portal with fraudulent messages currently circulating online. This is contained in a statement in Abuja on Monday by the fund’s Director of Strategic Communications, Mrs Oseyemi Oluwatuyi. Oluwatuyi said the information contained in the online messages was misleading. “The attention of…
The Nigeria Education Loan Fund on Wednesday noted that its Student Loan Application System has now been fully digitised to streamline and accelerate the student loan processing experience for institutions and applicants. “With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan…
The University of Lagos has debunked online reports about the delay of NELFund loans reimbursement to students of the university who paid their obligatory fees prior to the university’s receipt of the loan. The institution’s Head of Communication Unit, Mrs Adejoke Alaga-Ibraheem, debunked the report in a statement on Thursday. Alaga-Ibraheem said, “Refunds are typically…
The Minister of Education, Dr. Tunji Alausa, on Wednesday, declared that there was no fraud uncovered in the student loan scheme.Alausa made this known at the end of a meeting held with Vice Chancellors, officials of the National Universities Commission, Nigerian Education Loan Fund and the Federal Ministry of Education. Alausa also described the statement…
The federal government has accused some universities of colluding with banks in unethical practices in the disbursement of student loan funds. The director-general of the national orientation agency, NOA, Lanre Issa-Onilu, revealed this after meeting with the managing director of the national student loan fund, NELFUND, Akintunde Sawyerr. Issa-Onilu, in a statement on Sunday, said…
The management of the Oyo State College of Nursing Sciences, Eleyele, on Friday, confirmed that 75 students of the institution had benefitted from the Nigerian Education Loan Fund. The college’s provost, Gbonjubola Owolabi, announced this during a meeting with the management staff, held at the college premises, Eleyele in Ibadan. Owolabi, in a statement on…
The Federal Government has distributed N2.14 billion in student loans, benefitting approximately 18,998 students. The Nigerian Education Loan Fund yesterday announced this development on its X, noting that this disbursement has extended to 40 additional higher institutions, raising the total number of institutions benefiting from the fund to 59. This development underscores NELFUND’s dedication to…
The Nigerian Education Loan Fund has clarified that geopolitical zones do not influence the disbursement of its funds. This came after NELFUND shared that it had released the sum of N2.94bn to 19 universities for 27,667 students. The list revealed that universities in the South-East and South-South regions were not included among the beneficiaries, sparking…
The Management of the Nigerian Education Loan Fund (NELFUND) has confirmed receipt of ₦50bn from recovered proceeds of crime by the Economic and Financial Crimes Commission (EFCC). A statement by NELFUND’s Director, Corporate Communications Nigerian Education Loan Fund, Oseyemi Oluwatuyi on Friday, said EFCC had released the fund to it following directives from President Bola…