Pulse

4 Posts
Pulse
Pulse
· May 2

FG summons VCs to answer questions over alleged fraud in student loan scheme

The Nigerian Federal Government has summoned Vice Chancellors of approximately 51 institutions and the Managing Director of Nigeria Education Loan Fund (NELFund) to investigate alleged illegal deductions from student loan funds. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is conducting a probe into reported discrepancies totaling ₦71.2...
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FG summons VCs to answer questions over alleged fraud in student loan schemeImage Credit: pulse
Crime
Pulse
Pulse
· May 1

ICPC uncovers ₦71.2bn discrepancy in student loan disbursement – NELFUND reacts

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) revealed that ₦71.2 billion out of ₦100 billion allocated for Nigerian student loans has not been disbursed to beneficiaries. Preliminary investigations found only ₦28.8 billion was given directly to students, with allegations of unauthorized deductions by 51 tertiary institutions. ICPC...
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ICPC uncovers ₦71.2bn discrepancy in student loan disbursement – NELFUND reactsImage Credit: pulse
Crime
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