The Nigerian Education Loan Fund (NELFUND) said recent findings have revealed that some institutions, after receiving student loan disbursements directly into their accounts, have failed to notify the affected students or reflect the payments in their school fee records, creating unnecessary confusion.
NELFUND’s Managing Director, Mr. Akintunde Sawyerr, who stated this in a statement on Thursday, said the institutions not only fail to inform students of loan disbursements made on their behalf but also demand payment of school fees from the students.
“This act of withholding critical financial information from students is not only unethical but a direct violation of the principles upon which NELFUND was established,” said Mr Sawyerr. “We will not hesitate to take legal action against any institution found engaging in such deceptive practices.”
The MD emphasised that NELFUND’s mission is to expand access to higher education by relieving the financial burden on Nigerian students and their families, in line with the vision of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Sawyerr further called on all institutions to uphold transparency and work collaboratively with the Fund in ensuring the efficient delivery of this national mandate.
“NELFUND exists to ensure no eligible Nigerian is denied the opportunity to pursue higher education due to lack of funds. We urge institutions to support this noble cause and avoid any actions that could undermine public trust or deny students their rightful support,” he said.
The Fund reassures students and the public of its commitment to accountability, fairness, and the successful implementation of the student loan scheme across the country.
NELFUND To Sue Institutions Withholding Loans From Students is first published on The Whistler Newspaper
Source: The Whistler