The Nigerian Education Loan Fund (NELFUND) has responded to recent media reports alleging the diversion of student loan funds at the University of Abuja, now Yakubu Gowon University, stating that no verified evidence supports such claims.
In a statement issued on Friday by its Director in charge of Strategic Communications, Mrs. Oseyemi Oluwatuyi, the Fund clarified that, as of now, there is no established proof that the University has diverted, misappropriated, or unlawfully withheld NELFUND disbursements.
NELFUND explained that it operates a structured disbursement and reconciliation framework in accordance with its statutory mandate and all loan payments, the Fund said, are released through established institutional channels with compliance and accountability mechanisms embedded to ensure transparency.