Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home News Education

Student Loan: No ₦71bn Missing, Stolen From Scheme – NELFUND Insists

byGLAMTUSH
May 5, 2025
in Education, News
Reading Time: 2 mins read
Student Loan
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

NELFUND insists that no ₦71bn is missing or stolen from the student loan scheme

 

Glamtush reports that the Nigeria Education Loan Fund (NELFUND) insists no money is missing from the student loan scheme despite claims to the contrary.

READ ALSO

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

 

This news platform recalls that a recent report had alleged that some schools were diverting money meant for the scheme operated by NELFUND. That prompted the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to launch an investigation into the matter.

However, NELFUND’s Managing Director and Chief Executive Officer (CEO), Akintunde Sawyerr, said the fund has a clean bill of health.

“We are all looking for this so-called money. First of all, let me be very clear. No money has been stolen. The President, in his wisdom and well-intentioned programme, decided that he was going to set up the Nigeria Education Loan Fund,” Sawyerr said on Channels Television’s Sunday Politics.

“But let me go back and just continue to correct this misconception. No N71bn is missing,” Sawyerr insisted.

He added, “So the funds that we’ve been given are to bridge the gap for those who don’t have the money to be able to attain the education. No money is missing. No money has been stolen. There had been some issues with what happened at this phase, where human intervention comes in.”

“No money is missing. No money has been stolen. There’d be some issues with what happens at this phase, where human intervention comes in,” the NELFUND boss said.

Since the inception of the scheme, some parents and students have complained of delayed payment, and in many instances, the money has not been getting to the beneficiaries.

The NELFUND chief, however, said funds are not disbursed to the students.

“Let me correct a misconception there. There is no disbursement from the NELFUND account through the schools to the students. The NELFUND money goes to the schools for their tuition or institutional charges. The schools are supposed to give unfettered access to the students for classes.

“The schools do not disburse to the students, except in the case where the student has already paid their fees, in which case there has been a double payment,” he said.

“So there’s a very careful, meticulous investigation going on to try to understand where this is happening and how it’s happening,” NELFUND added.

Related Posts

Osahon Okunbo
News

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

July 23, 2025
Cholera Outbreak In Niger
Health

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

July 23, 2025
Kogi photojournalist killed
Metro/Crime

Kogi Photojournalist Killed By Neighbor

July 23, 2025
Otunba Femi Davies
News

Otunba Gbenga Daniel, Prominent Nigerians Mourn With Otunba Femi Davies Over Mother’s Passing

July 23, 2025
Sunday Igboho
News

Sunday Igboho Appeals To FG: Remove My Name From Wanted List

July 22, 2025
NDDC
News

I Never Received ₦4bn Monthly From NDDC – Amaechi’s Wife Replies Wike

July 22, 2025
Next Post
VeryDarkMan

EFCC Speaks About VeryDarkMan's Arrest

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Soulmates Teasers August 2025

Star Life: Soulmates Teasers August 2025

July 24, 2025
Cacau Teasers August 2025

Telemundo: Cacau Teasers August 2025

July 24, 2025
Osahon Okunbo

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

July 23, 2025
Super Falcons

Super Falcons Visit Injured Banyana Player In Hospital After WAFCON Clash

July 23, 2025
Cholera Outbreak In Niger

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

July 23, 2025
Kogi photojournalist killed

Kogi Photojournalist Killed By Neighbor

July 23, 2025
Otunba Femi Davies

Otunba Gbenga Daniel, Prominent Nigerians Mourn With Otunba Femi Davies Over Mother’s Passing

July 23, 2025
Super Falcons

WAFCON: Remi Tinubu Hails Super Falcons Over South Africa Win

July 23, 2025
PDP

Four PDP Senators Defect To APC, Boosting Majority To 72

July 23, 2025
WAFCON 2024

WAFCON 2024: Super Falcons To Play Morocco In Saturday’s Final

July 23, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush