BREAKING: Tinubu orders diversion of EFCC-recovered funds to student loan scheme

President Bola Tinubu has ordered that funds recovered by the Economic and Financial Crimes Commission, EFCC, beryllium diverted to the Nigerian Education Loan Fund, NELFUND, to prolong its increasing backing obligations.

The Minister of Education, Dr Tunji Alausa, disclosed this connected Wednesday aft the Federal Executive Council, FEC, gathering successful Abuja.

According to him, said the Federal Executive Council besides approved a statesmanlike directive that each unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund beryllium channelled to NELFUND, to marque the money financially buoyant capable to conscionable its expanding obligations to Nigerian students.

“The President, successful his benevolence, has present directed that each funds recovered by the Economic and Financial Crimes Commission beryllium diverted to NELFUND to proceed to enactment its funding.

“This was besides approved by FEC – that al...