The Nigerian Education Loan Fund (NELFUND) has refuted recent allegations of fund mismanagement, calling the claims false, misleading, and harmful to public trust. In a statement by its Director of Strategic Communications, Oseyemi Oluwatuyi, NELFUND clarified that the student loan scheme, launched in 2024, operates through a fully automated, zero human-interface system with all payments made directly to verified institutions and students’ accounts. The agency stressed that the figures being circulated relate to older education programmes unrelated to NELFUND and reaffirmed its full compliance with oversight agencies like the ICPC, urging the public to disregard sensational reports and await verified updates.
