The Nigerian Education Loan Fund (NELFUND) has stated that the delay in the disbursement of August stipend was due to ongoing payment processing.
A statement signed by NELFUND’s Director, Corporate Communications, Mrs. Oseyemi Oluwatuyi, stated that the agency was also conducting necessary security checks to protect public funds.
It appealed to the students to be patient as it strives to finalize the disbursement, adding that it is working diligently to complete the disbursements as soon as possible.
“The Nigerian Education Loan Fund, NELFUND, wishes to inform students that the delay in the August stipend is due to ongoing payment processing.
“The Fund is conducting necessary security checks to protect public funds and ensure that they are properly allocated to the right beneficiaries.
“While we acknowledge that this process may cause some inconvenience, it is an essential part of our commitment to maintaining transparency, and accountability, and to continue to uphold the integrity of the student loan program.
“We therefore ask for your patience and understanding during this period, as we strive to finalize the disbursement with the same level of diligence that has defined our operations thus far.
“We remain steadfast in our mission to empower students and enhance access to higher education across Nigeria.
“The fund is working diligently to complete the disbursements as soon as possible.
“We appreciate the feedback from students and are pleased to see the level of engagement and attentiveness in monitoring the progress of the upkeep disbursements.
“This level of involvement reinforces the significance of the student loan program, and we remain dedicated to supporting your educational pursuits, just as we have with previous disbursements,” the statement said.
Why Disbursement Of August Stipends To Students Is Delayed- NELFUND is first published on The Whistler Newspaper