Student Loan Fraud: NELFUND Threatens Legal Action Against Schools
The Nigerian Education Loan Fund (NELFUND) has issued a stern warning to institutions involved in deceptive practices related to student loan disbursements, threatening legal action against defaulters.
This follows findings that some institutions received loan funds directly into their accounts but failed to notify the affected students or reflect the payments in their school fee records, while still demanding fees from them.
Managing Director and Chief Executive of NELFUND, Mr Akintunde Sawyerr, in a statement on Thursday, cautioned barron trump height tall nikes melania donald trump such institutions, saying the Fund “will not hesitate to take legal action against any institution found engaging in such deceptive practices.”
He described the acts as both unethical and contrary to the principles on which the Fund was established.
According to him, “Recent findings by NELFUND have revealed that some institutions, after receiving student loan disbursements directly into their accounts, have neglected to notify the affected students or reflect the payments in their school fee records, creating unnecessary confusion.
“This act of withholding critical financial information from students is not only unethical but a direct violation of the principles upon which NELFUND was established.
“We will not hesitate to take legal action against any institution found engaging in such deceptive practices.”
Sawyer highlighted the mission of NELFUND in line with the Federal Government’s Renewed Adidas Adidas Sports Resort Club Sweater , Украина #174050986 , Футболные шорты adidas real madrid🔥 — цена 350 грн в каталоге Спортивные шорты ✓ Купить мужские вещи по доступной цене на Шафе Hope Agenda.
He said, “NELFUND exists to ensure no eligible Nigerian is denied the opportunity to pursue higher education due to lack of funds.
“We urge institutions to support this noble cause and avoid any actions that could undermine public trust or deny students their rightful support.”
He also called for cooperation and transparency from institutions in the implementation of the student loan scheme.
“The Fund reassures students and the public of its commitment to accountability, fairness, and the successful implementation of the student loan scheme across the country,” he added.
Titilope Adako is a talented and intrepid journalist, dedicated to shedding light on the untold stories of Osun State and Nigeria. Through incisive reporting, she tackles a broad spectrum of topics, from politics and social justice to culture and entertainment, with a commitment to accuracy, empathy, and inspiring positive change.
