ICPC Probes N71.2bn Alleged Fraud in NELFUND Student Loan Disbursement The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund, NELFUND. The National Orientation Agency had...

The Nigeria Education Loan Fund (NELFUND) has disclosed that in its first year of operation, over 500,000 Nigerian students applied for loans through the NELFUND portal.

Has Tinubu’s Economic Reform Started Working? By Chinedu Moghalu Pull Quote: Some commentators have said President Bola Tinubu took a reckless gamble when very early in his administration he removed fuel subsidy and introduced the market exchange rate. It was an oversimplified interpretation of his early...

NELFUND Disburses N23bn to Tertiary Institutions, Individuals The Nigerian Education Loan Fund (NELFUND), the official federal government agency in charge of student loans in Nigeria, has disbursed a total of N23 billion to several individuals and 128 tertiary institutions in Nigeria. Speaking to senior journalists in...

EFCC Contributes N50bn to Student Loan Scheme – NELFUND The Nigerian Education Loan Fund (NELFUND) has confirmed receiving an additional N50 billion from the Economic and Financial Crimes Commission (EFCC) for the student loan scheme. According to the organisation, the release followed the directive of...

Student Loan: NELFUND Disburses Monthly Stipends for 20,371 Undergraduates The Nigerian Education Loan Fund (NELFUND) has disbursed N20,000.00 monthly stipends for July to 20,371 students from six tertiary institutions. The agency said this in a statement signed by its Director of Finance and Accounts, Mr Ibom...