NELFUND Denies Student Loan Diversion Claims at UniAbuja

NELFUND, the Nigerian Education Loan Fund, issued a statement on Friday refuting allegations concerning the diversion of student loan funds at the University of Abuja and Yakubu Gowon University. Mr. Oseyemi Oluwatuyi, the Director of Strategic Communications at NELFUND, clarified that there is no verified evidence to support claims of misappropriation or unlawful withholding of funds.

NELFUND explained its operational structure and disbursement framework, which aligns with its statutory mandate. The organization highlighted the importance of compliance and transparency in its processes.

Oluwatuyi noted concerns regarding delays in crediting student accounts and emphasized that the relevant universities are engaged in resolving these administrative matters through due process. NELFUND reiterated its commitment to safeguarding the interests of eligible Nigerian students and ensuring that loan disbursements adhere strictly to legal requirements.

The organization pledged to continue collaborating with institutions nationwide to uphold transparency and integrity in the student loan program.