Nigerian Education Loan Fund (NELFund) has dismissed reports alleging the diversion of student loan funds at the University of Abuja (UniAbuja).
In a statement on Friday by Oseyemi Oluwatuyi, director of
strategic communications at NELFund, said there is no verified evidence
establishing that the university diverted, misappropriated, or unlawfully
withheld loan disbursements.
NELFund said it operates a structured disbursement and
reconciliation framework in which funds are released through established
institutional channels, with mechanisms in place to ensure accountability and
transparency.
“Where concerns arise regarding timelines of crediting
student accounts or institutional reconciliation processes, NELFUND engages
directly with the relevant institution to clarify and resolve such matters
administratively and in accordance with due process,” the statement added.
NELFund noted that allegations reported in the media do not
constitute established findings.
The statement added that NELFund remains committed to
relying strictly on verified documentation, formal reconciliation procedures,
and audit mechanisms in addressing any issues relating to its disbursement
processes.
NELFund also reiterated its commitment to protecting the
interests of eligible Nigerian students and ensuring that all disbursements are
applied in accordance with the law.
The fund pledged to continue to work collaboratively with
all partner institutions to uphold transparency, accountability, and the
integrity of the student loan programme.
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