NELFUND denies bypassing schools, says tuition still paid directly to universities

• The Nigerian Education Loan Fund (NELFUND) has refuted claims that it plans to bypass universities and nonstop loans straight to students' accounts
• The bureau clarified that portion upkeep allowances spell to students, tuition and organization fees are paid straight to universities to guarantee accountability
• Despite this, students from respective universities - including UDUS and Modibbo Adama - accidental disbursement delays are putting their world advancement astatine risk

The Nigerian Education Loan Fund (NELFUND) has debunked circulating reports claiming the bureau plans to bypass universities and wage loans straight into students’ idiosyncratic accounts.

Speaking exclusively to Legit.ng connected Tuesday, the agency's spokesperson, Oseyemi Oluwatuyi, clarified the concern pursuing an uproar among students from assorted institutions, including Usmanu Danfodiyo University Sokoto (UDUS) and Modibbo Adama University, Yola , who complained of non-disbursement of approved students’ loans.

Students person lamented that hold successful tuition interest outgo could person them effect to deferment. Image credit: Getty
Source: Getty Images

NELFUND: “We Are Not Boycotting Universities”

Oseyemi maintained that the bureau volition not boycott the universities successful the disbursement process contempt the unnecessary hold and the plights of the beneficiaries.

“Yes, we were besides made alert that immoderate universities bash not alert their students erstwhile their schoolhouse fees person been paid by NELFUND, thereby causing panic amongst the students,” Oluwatuyi said.“We person issued a wide informing to each universities, particularly the erring ones, to desist from specified acts. We lone wage the students’ monthly upkeep straight to their idiosyncratic accounts. All organization fees, including tuition, are paid consecutive to the school.”

He urged students and the nationalist to disregard misleading reports suggesting that the bureau was altering its disbursement exemplary to sideline tertiary institutions and commencement paying straight to the students’ idiosyncratic accounts.

University students lament, astatine hazard of deferment

Despite NELFUND’s stance, Legit.ng has gathered disturbing reports from students astatine UDUS who assertion their tuition fees stay unpaid, leaving them connected the brink of deferring their world sessions.

NELFUND has assured that the outgo of the beneficiaries fees would beryllium made to their respective institutions' account. Image: X/NELFUND
Source: Twitter

Hafsat Ibrahim, a final-year pupil and NELFUND beneficiary, said her hopes were dashed erstwhile the schoolhouse insisted connected upfront outgo contempt her indebtedness approval.

“I’ve managed to rise ₦60,000 truthful far, but I inactive request ₦38,000. I don’t cognize wherever that volition travel from, and this is my last year,” she lamented.“My indebtedness was approved and we learned that NELFUND has fixed this wealth to the school, adjacent we were asked to taxable our details for refund weeks ago, but up till now, thing has been paid. This is simply a fewer days earlier the exam.”

Legit.ng learned that UDUS students are expected to commence their archetypal semester introspection adjacent week if everything goes arsenic planned by the assemblage management, yet a sizeable fig of the students, nether the payroll of NELFUND, person not done their registration.

Nura Sanusi Gawata, different NELFUND beneficiary, expressed akin frustrations.

“The wealth is taking excessively overmuch time. We solely beryllium connected NELFUND,” helium said.

Legit.ng besides learned that students astatine Modibbo Adama University person taken to societal media to aerial their frustrations implicit non-payment of approved NELFUND loans. Similar situations are unfolding successful different bluish universities, compounding anxiousness among undergraduates arsenic exam periods gully near.

NELFUND warns Nigerian institutions

Legit.ng earlier reported that hardly a twelvemonth aft the pupil indebtedness strategy took effect nether the medication of the Nigerian Education Loan Fund (NELFUND), it has tally into issues.

The assemblage precocious announced that it had disbursed implicit N20 cardinal to students successful nationalist tertiary institutions nationwide.

Now, NELFUND has uncovered a fraudulent scheme allegedly perpetrated by immoderate of the nationalist tertiary institutions nether the scheme.

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Source: Legit.ng