NELFUND Denies Fund Diversion Claims Against UniAbuja

The Nigerian Education Loan Fund (NELFUND) issued a statement asserting that there is no verified evidence to support allegations of fund diversion against the University of Abuja concerning the student loan scheme. Mr. Oseyemi Oluwatuyi, the Director of Strategic Communications at NELFUND, clarified that the organization operates under a structured disbursement and reconciliation framework aligned with its statutory mandate.

He explained that fund releases are established through institutional channels with compliance mechanisms in place to ensure transparency. NELFUND engages directly with relevant institutions to clarify and resolve administrative matters according to due process.

The organization reiterated its commitment to strictly verifying documents and following formal reconciliation procedures to address any issues related to the disbursement process. NELFUND aims to protect the interests of eligible Nigerian students and ensure that disbursements are made in accordance with the law, continuing to collaborate with partner institutions to uphold transparency and accountability in the student loan program.