August 4, 2025

Mismanagement

Education General

FG Summons University Vice Chancellors Over Alleged Mismanagement of Student Loan Funds

The Federal Government has summoned Vice Chancellors of Nigerian universities implicated in alleged unauthorized deductions and possible diversion of student loan funds. The emergency meeting, scheduled to hold on May 6, 2025, also includes the Managing Director of the Nigerian Education Loan Fund (NELFUND) and top officials from the Ministry of Education. The move follows

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General

NELFUND Blasts False Corruption Claims, Reaffirms Zero Tolerance for Mismanagement

The Nigerian Education Loan Fund (NELFUND) has issued a forceful rebuttal to recent reports alleging misappropriation and mismanagement of funds under its student loan scheme, describing the claims as entirely false, grossly irresponsible, and a direct threat to the integrity of the institution. In a statement signed by its Director of Strategic Communications, Mrs. Oseyemi

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