The Nigerian Education Loan Fund (NELFUND) has announced plans to introduce a centralised job portal by 2026 to assist student loan beneficiaries in accessing employment opportunities both within Nigeria and internationally. This development is part of broader efforts to enhance the impact of the student loan scheme and support graduates toward financial independence. Speaking during…
Former presidential candidate and activist, Omoyele Sowore, has called for scrapping of the Joint Admissions and Matriculation Board (JAMB), the National Youth Service Corps (NYSC), Tertiary Education Trust Fund (TETFUND), and Nigerian Education Loan Fund (NELFUND), describing them as “useless.” Sowore made this known in a post on his X account following JAMB’s recent admission…
The Minister of Education, Dr. Tunji Alausa, on Wednesday, declared that there was no fraud uncovered in the student loan scheme. Alausa made this known at the end of a meeting held with Vice Chancellors, officials of the National Universities Commission, Nigerian Education Loan Fund and the Federal Ministry of Education. Alausa also described the…
A student representative at the board member of Nigerian Education Loan Fund, NELFUND, Comrade Umar Faruk Lawal has cleared air over upcoming interactive session with Students’ Union leaders. In a press release sighted by our correspondent, Comrade Umar Faruk disclosed that NELFUND didn’t ignore the NANS nor the Zonal leadership, but the upcoming session is…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says there are no discrepancies in the student loan disbursements by the Nigeria Education Loan Fund (NELFUND). A statement issued on Thursday by Demola Bakare, ICPC spokesperson, said the absence of “not” in the agency’s earlier statement created an impression of alleged discrepancies in the…
The Ministry of Education has announced that it is investigating allegations of unauthorised deductions from students’ loans and NELFund accounts by universities. The ministry’s Director of Press and Public Relations, in a statement, said that an urgent meeting has been scheduled for 6 May 2025 with the vice chancellors of the affected universities and the…
The Independent Corrupt Practices and Other Related Offences Commission said it confirmed discrepancies in the administration of the student loan scheme. The ICPC’s Director, Public Enlightenment and Education, Demola Bakare, said this in a statement on Thursday in Abuja. He said that with the confirmation of discrepancies in the administration of the loan; the commission…
The office of Senior Special Assistant to President Bola Tinubu on Students Engagement has disclosed that any tertiary institutions engaging in illegal deduction of Nigerian Education Loan Fund, NELFUND will be sanctioned. In a press release sent to GISTSMATE MEDIA, Hon. Asefon Sunday Dayo said his office has been notified over ongoing deduction of NELFUND…
Honourable Comrade Sunday Asefon, the Presidential Senior Special Assistant on Students Engagement, has articulated the profound benefits of the Nigerian Students Loan Fund, emphasizing its pivotal role in enhancing access to tertiary education across the nation. Asefon highlighted that far too many bright and promising students in Nigeria are forced to abandon their academic dreams…
The Nigerian Education Loan Fund (NELFUND) has threatened legal action against institutions found to be engaging in deceptive practices within the student loan scheme. The threat is coming on the heels of recent findings that some institutions, after receiving student loan disbursements directly into their accounts, failed to notify the affected students or reflect the…