Its fake news, no student will go to jail for loan default – NELFUND

The Nigerian Education Loan Fund, NELFUND, has debunked the speculation that President Bola Tinubu, has approved beingness imprisonment for students who neglect to repay their acquisition loans aft graduation.

In a station connected its verified X grip on Sunday, NELFUND described the assertion arsenic fake news.

According to the agency, the purported announcement did not originate from the government.

NELFUND besides published an representation of the purported paper beforehand leafage being circulated online with the header alleging that Tinubu had declared: “All students who neglect to repay their indebtedness aft graduation volition spell to jailhouse for life.”

“There’s nary beingness jailhouse word for students who neglect to repay loans. The speculation is fake,” the bureau said.

Recall that the bureau has antecedently refuted fabricated circulars and notices concerning the suspension of the pupil indebtedness disbursement programme.

​

DAILY POST reports that NELFUND was established nether the Student Loans (Access to Higher Education) Act, which was signed into instrumentality by President Tinubu and re-enacted successful 2024.

Its fake news, nary pupil volition spell to jailhouse for indebtedness default – NELFUND