House Committee Warns Institutions Over NELFUND Violations

The House of Representatives Committee on Student Loans, Scholarships and Higher Education Financing, led by chairman Ifeoluwa Ehindero, has issued a warning regarding sanctions against tertiary institutions that violate the guidelines of the Nigerian Education Loan Fund (NELFUND). The committee's concerns stem from reports of institutions withholding funds meant for verified students, delaying refunds for tuition fees already paid, and issuing only partial refunds to eligible beneficiaries.

Ehindero stated that these practices threaten transparency and accountability in the management of the loan scheme, potentially disrupting students' academic progress and exacerbating their financial difficulties. The committee has directed heads of beneficiary institutions to ensure compliance with financial requirements and warned that non-compliance could lead to sanctions under Section 5.6 of the NELFUND Guidelines.

Possible sanctions include suspension from the scheme, recovery of funds, and referral to law enforcement agencies. The committee reaffirmed its commitment to oversight and ensuring eligible students receive the necessary financial support.