Despite claims that the contrary, The Nigeria Education Loan Fund (NELFUND) insists that no money is missing from the student loan program.  ,
According to a recent report, some schools were diverting money from the NELFUND-run program. The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) launched an investigation into the matter in response to that.
Akintunde Sawyerr, the fund’s Managing Director and CEO, claimed the fund has a current health situation.
“We are all searching for this phony currency,” the statement read. Let me start by being very clear. There hasn’t been any theft. On Channels Television’s Sunday Politics, Sawyerr stated that the President made the decision to establish the Nigeria Education Loan Fund in his wisdom and good intentions.
“But let me turn around and just keep correcting this misunderstanding.” No N71 billion is missing, he resisted Sawyerr.
NELFund denies allegations of corruption, and the ICPC makes a statement clear.
He continued, “The funds that we’ve been given are to bridge the gap for those who don’t have the money to get the education.” No money has been lost. There hasn’t been any theft. There were some issues with what transpired at this point, which calls for human intervention.
No money has been missing,” the statement read. There hasn’t been any theft. The NELFUND boss said there might be some issues with what transpires at this point, which would require human intervention.
Some parents and students have complained about delayed payment since the scheme’s inception, and in many cases, the funds haven’t been reaching the beneficiaries.
However, the NELFUND chief claimed that the funds are not being distributed to students.
“Let me correct that misperception here. The students are not reimbursed for the NELFUND account through the schools. The schools receive funding for their tuition or fees at the institution. The instructors are supposed to give students unrestricted access to classes.
He said, “The schools do not disburse to the students, except in cases where the student has already paid their fees, and there has been a double payment.
Source: Channels TV
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