The Minister of Education, Tunji Alausa, has vehemently refuted claims of illegal deductions from student loans disbursed by the Nigerian Education Loan Fund (NELFund).
Papers News reports that this comes after allegations surfaced about significant mismanagement and misappropriation of funds allocated for student loans in Nigeria.
Reports earlier this week claimed that out of the ₦100 billion allocated to the Nigerian Education Loan Fund, only ₦28.8 billion reached the intended students, with the remaining ₦71.2 billion unaccounted for.