The House of Representatives has begun a probe into the disbursement of the Nigerian Education Loan Fund, NELFund, in the South East.
Chairman of the Joint Committee on Student Loans,
Scholarships and Higher Education Financing, Banking and Other Ancillary
Institutions, Anti-Corruption, and University Education, Paul Sunday Nnamchi,
made this known at the South East Zonal Investigative Hearing at the Enugu State
University of Science and Technology, ESUT.
Nnamchi stated that the committee’s mandate is to
objectively probe allegations of infractions in the loan disbursement process
across beneficiary institutions.
Prof Nnamchi, who represents Enugu East/Isi-Uzo Federal
Constituency explained that the committee would also interrogate the
operational processes guiding student loan disbursement.
According to him, the investigation will further examine
compliance with legal and ethical frameworks and recommend actionable solutions
to ensure transparency, fairness, and efficiency in the loan system.
“Once again, I must commend NELFund and Nigerian students
for embracing this transformative journey of Mr President’s Renewed Hope Agenda
in the education sector.
“As of Wednesday, 6th August 2025, NELFund has disbursed
N86.3 billion in loans to 366,247 student beneficiaries across federal and
state tertiary institutions, with N47.6 billion allocated to tuition fees and
N38.7 billion as upkeep allowances to students in over 218 beneficiary
institutions,” he said.
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