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Posted: 2025-05-01 14:05:31 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-01 14:05:49 UTC
Verified By
Rollup News
The ICPC has launched an investigation into alleged discrepancies in the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND), following reports of illegal deductions and exploitation by tertiary institutions.
Investigation into NELFUND discrepancies
Alleged illegal deductions by tertiary institutions
Unaccounted sum of N71.2 billion
Invitation of NELFUND CEO and Executive Director for questioning
Unauthorized deductions by institutions
Gap in financial records of disbursement process
Unaccounted funds of N71.2 billion
Lack of documentation and explanations from NELFUND officials