Facebook Twitter Instagram
    Breaking News
    • Lagos Leads In TRCN Qualifying
    • ECOWAS @ 50: Stronger Together For Brighter Future
    • FG To Build Medical Simulation Centers For Training
    • NCPC Congratulates Tinubu On Two Years In Office
    • FG Plans Three Years Ban For Exam Cheats
    • Gov. Aliyu Pens Emotional Message To Sokoto Children
    • ECOWAS @ 50: Celebration Will Bolster Community Growth -Tuggar
    • How Gov Aliyu Is Tackling Unemployment In Sokoto -Commissioner
    Facebook Twitter LinkedIn Pinterest RSS
    The Outlook Nigeria
    Leaderboard Ad
    • Home
    • News
    • Politics
    • Environment
    • Education
    • Health
    • Business
    • Sports
    • Oil and Gas
    • Celebrity
    The Outlook Nigeria
    You are at:Home » NELFUND: Ministry To Probe Alleged Loan Diversions

    NELFUND: Ministry To Probe Alleged Loan Diversions

    0
    By Editor on May 1, 2025 Education
    Share
    Facebook Twitter LinkedIn Email Telegram WhatsApp

    Chidimma Uchegbu -Abuja

    The Federal Ministry of Education has expressed concern over allegations that some Nigerian universities made unauthorized deductions from funds disbursed under the Nigerian Education Loan Fund (NELFund) scheme.

    Minister of Education, Dr. Maruf Olatunji Alausa, described the allegations as “very disturbing and extremely concerning,” emphasizing that any unauthorized deductions from student loans not only breach financial ethics but also undermine the very foundation upon which NELFund was established. He stated that if proven true, such actions would constitute a gross violation of public trust and a betrayal of the government’s commitment to equitable access to education.

    In response, the Ministry is convening an urgent meeting on May 6, 2025, with the Vice Chancellors of the affected universities and the Managing Director of NELFund. The meeting will aim to thoroughly investigate the matter, ensure full accountability, and reaffirm the Ministry’s zero-tolerance policy toward financial malpractice in the education sector.

    According to the statement issued to newsmen by the Director, Press & Public Relations, Boriowo Folasade stated that “To reinforce this effort, the Ministry, in collaboration with the Athena Centre, will launch a compliance-tracking initiative and a countdown webpage to monitor institutional transparency. They will also offer technical assistance and introduce an Annual University Transparency Index to promote accountability and enhance the global relevance of Nigerian universities.

    Additionally, a training program will be organized for Bursars and ICT Heads of universities and polytechnics on the development and maintenance of an open-portal initiative.

    “As part of our National Education Sector Reform Initiative (NESRI), governance remains the top pillar of our agenda,” Dr. Alausa said. “We are committed to strengthening transparency, promoting responsible financial conduct, and ensuring that every kobo allocated for student welfare is used appropriately. Let me assure Nigerians that this matter will not be swept under the carpet. Anyone found culpable will face appropriate sanctions.”

    Dr. Alausa further emphasized that President Bola Ahmed Tinubu, who established NELFund as a flagship initiative, made adequate budgetary provisions to support both students and institutions in a fair and transparent manner. “NELFund was created to expand students’ access to high quality education and to support universities financially in a legal and sustainable way. Any attempt to exploit this fund is unacceptable and contradicts the President’s vision for inclusive human capital development.”

    The Honourable Minister reaffirmed the administration’s commitment to protecting public funds and ensuring that students receive the full benefits of all government education support schemes.

    Share. Facebook Twitter LinkedIn Telegram WhatsApp
    Editor
    • Website

    Related Posts

    Lagos Leads In TRCN Qualifying

    FG Plans Three Years Ban For Exam Cheats

    Celebrating NELFUND One Year After

    Leave A Reply Cancel Reply

    • Popular
    • Recent
    • Top Reviews
    October 11, 2023

    NECO 2023: 737,308 Score Five Credits In English, Mathematics

    June 30, 2022

    UK Media Barred From Reporting on Boy In Ekweremadu’s Case

    June 22, 2022

    Guber Candidate Faults INEC on Placeholder Claim

    May 29, 2025

    Lagos Leads In TRCN Qualifying

    May 28, 2025

    ECOWAS @ 50: Stronger Together For Brighter Future

    May 28, 2025

    FG To Build Medical Simulation Centers For Training

    9.3
    December 19, 2020

    Buhari vows to fight agents of destabilisation

    8.9
    December 19, 2020

    Laoreet Sed: Suscipit nec dapibus at elit

    7.5
    December 18, 2020

    In in augue lobortis, eleifend tortor et, varius

    Latest Galleries
    Latest Reviews
    9.3
    December 19, 2020

    Buhari vows to fight agents of destabilisation

    8.9
    December 19, 2020

    Laoreet Sed: Suscipit nec dapibus at elit

    7.1
    December 19, 2020

    Donec enim neque vulputate et commodo sed

    Copyright © 2025 TheOutlookNG. Powered by ETROG.
    • Home
    • About Us
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.