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We are open to public scrutiny – NELFUND

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NELFUND Disburses Over N20bn in Student Loans, Assures Transparency

The Nigerian Education Loan Fund (NELFUND) has assured the public and Civil Society Organisations (CSOs) to feel free to scrutinise its activities whenever the need arises.

The Managing Director of NELFUND, Mr Akintunde Sawyerr gave the assurance during a visit to Transparency International (TI) office.

A statement on the visit, signed by NELFUND Media and Public Relations Lead, Nasir Ayitogo was made available to newsmen on Friday in Abuja.

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According to the statement, Sawyerr said at the meeting that NELFUND, under his watch, would not deviate from its sole mandate of giving as many loans as possible to Nigerians in need of it.

He assured that not a single kobo meant for students would go into private pockets.

“The ultimate objective of the government is to reduce frustration from our society and remove bad behaviour in all its ramifications resulting from forced idleness amongst the youths.

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“We want to enable people, through the loan, to get opportunities to have a chance in life which only a few currently have.

“For all these to become a success, we have to keep our books open and make sure no money gets missing.

“To make this happen, we call on Nigerians and particularly the CSOs to checkmate our activities.

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“We want to make sure we call those who can check our activities to prevent greed to please do so in the best interest of Nigerians,” he said

In a remark, the Executive Director of Operations, NELFUND, Mr Mustapha Iyal, called for robust synergy between NELFUND and Transparency International, especially, in terms of loans repayment.

He said that only when the loans were repaid that more students would benefit in future.

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Also, the Executive Director in charge of Finance and Administration, Dr Fredrick Akinfala, disclosed that NELFUND would be signing an MoU with Transparency International.

The Head of Transparency International in Nigeria, Auwal Rafsanjani said the student loan would help in eliminating all forms of criminalities in the country.

He applauded President Bola Tinubu for coming up with such an initiative, while urging the National Assembly to give the Fund, maximum legislative support.

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Rafsanjani who is also the Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), also lauded Tinubu for the choice of the management for NELFUND.

He expressed the confidence that the right thing would be done by the Fund.

(NAN)

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Education

NELFUND Begins Upkeep Payments to Over 3,600 Students After Bank Detail Update

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NELFUND Disburses Over N20bn in Student Loans, Assures Transparency

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep payments to students who successfully updated their bank account details from digital wallets to commercial bank accounts.

This was announced in a statement released on Friday in Abuja by the Director of Strategic Communications of the Fund, Mrs. Oseyemi Oluwatuyi.

Oluwatuyi described the development as a significant breakthrough in addressing earlier disbursement delays.

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“Over 3,600 students, who previously registered with digital-only banking platforms, have now successfully received their backlog of upkeep payments after updating their details to conventional commercial bank accounts on the NELFUND portal,” she stated.

“We appreciate the patience and understanding of all affected students during this period. Your resilience and cooperation have made this progress possible,” she added.

The NELFUND spokesperson advised students who have yet to update their bank details to raise a support ticket via the official NELFUND portal to request access for the update.

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She further urged affected students to report through the IT office of their respective institutions, which would compile and forward all related cases to NELFUND for prompt resolution.

“NELFUND remains committed to ensuring that no eligible student is left behind. This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centered delivery of our support services,” she said.

Oluwatuyi encouraged students to continue engaging only through official NELFUND channels and to assist their peers who may need help navigating the update process.

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She also provided contact options for inquiries, stating that the fund can be reached via email at info@nelf.gov.ng or through its official social media handles: X (formerly Twitter) @nelfund; Instagram @nelfund; and Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND.

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Education

NELFUND Urges Institutions to Upload Student Data for Loan Processing

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NELFUND Disburses Over N20bn in Student Loans, Assures Transparency

The Nigerian Education Loan Fund (NELFUND) has issued a directive to all accredited tertiary institutions to verify and upload their students’ data on the newly digitised Student Loan Application System (SLAS).

This was disclosed in a statement released in Abuja on Wednesday by the Director of Strategic Communications at NELFUND, Mrs Oseyemi Oluwatuyi.

According to Oluwatuyi, the SLAS platform has been fully digitised to streamline and accelerate the student loan processing experience for both institutions and applicants.

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“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” she said.

She described the move as “a critical step that ensures the timely processing and disbursement of approved student loans.”

Institutions that have not yet been onboarded onto the system, she said, are advised to send an access request to registration@nelf.gov.ng without delay.

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“Once granted access, institutions will be able to view a real-time dashboard of their students’ loan applications, verify submitted data, and track the status of each application,” Oluwatuyi explained.

She called on all institutions to take immediate action in the interest of their students, stressing that verification and data upload by institutions are mandatory steps before final approval and disbursement of loans can be completed.

On the students’ side, Oluwatuyi noted that if an application status currently shows “Verified,” it means the application has passed initial checks. However, final approval and disbursement depend on the institutions’ confirmation and data upload.

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“Once this process is completed, your status will be updated to ‘Disbursed’ when the payment of your fees has been processed,” she added.

She also encouraged students to reach out to the fund for assistance via email at info@nelf.gov.ng.

Other official communication channels include:

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  • X (formerly Twitter): @nelfund

  • Instagram: @nelfund

  • Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND

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Education

NUC grants ESUT full accreditation for Law, 7 other programmes

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The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.

According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.

Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.

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Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.

Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.

He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.

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He said the session also empowers the NUC to accredit such programmes.

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