The National Education Loan Fund (NELFUND) has denied allegations of diverting funds meant for its student loan scheme, as reportedly claimed by the Independent Corrupt Practices and other related Offences Commission (ICPC).
According to NELFUND’s Managing Director, Adekunle Sawyer, the figures quoted by ICPC as total receipts by the fund were understated. Sawyer made this statement while appearing before the House of Representatives Committee on Students Loan, Scholarship, and Higher Education.