The Management of the Nigerian Education Loan Fund (NELFUND) has confirmed receipt of ₦50bn from recovered proceeds of crime by the Economic and Financial Crimes Commission (EFCC).
In a statement today, NELFUND’s Director, Corporate Communications, Oseyemi Oluwatuyi said EFCC had released the fund to it following directives from President Bola Tinubu on 4th August, to further boost the student loan program.
Oluwatuyi further explained that the significant injection of funds represents a major milestone in the administration’s commitment to bolstering access to education by providing financial support to students across Nigeria.
The NELFUND spokesman, stated that the fund remains committed to utilizing these funds equitably, responsibly and efficiently, ensuring that they directly benefit those who need them the most.
