Student Loan: No Verified Evidence of Fund Diversion Against UniAbuja, Says NELFUND
Naija News • 1h ago
Kuni Tyessi in Abuja
The Nigerian Education Loan Fund (NELFUND) has cleared the management of the University of Abuja, now Yakubu Gowon University of alleged diversion of funds meant for the student loan scheme.
NELFUND, in a statement said there is no verified evidence before it establishing that the University of Abuja has diverted, misappropriated, or unlawfully withheld NELFUND disbursements.
The statement signed by Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications, NELFUND, further stressed that NELFUND operates a structured disbursement and reconciliation framework in line with its statutory mandate.
It explained that funds are released through established institutional channels, and compliance mechanisms are often in place to ensure accountability and transparency.
“...