Amidst swirling allegations of financial impropriety, the Nigeria Education Loan Fund (NELFUND) is firmly pushing back, insisting that not a single kobo is missing from the student loan scheme. This comes after a recent report sparked concerns, claiming that some educational institutions were allegedly siphoning off funds intended for the vital program operated by NELFUND.
The report prompted a swift response from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which has reportedly launched an investigation into the matter. However, the man at the helm of NELFUND, Managing Director and Chief Executive Officer Akintunde Sawyerr, is standing firm, declaring that the fund operates with a “clean bill of health.”
Speaking on the matter, Sawyerr appeared confident, aiming to allay fears and maintain public trust in the scheme designed to provide much-needed financial support to Nigerian students. While acknowledging the ICPC’s investigation, he emphasized that NELFUND’s records are transparent and that the allegations of missing funds are unfounded.
The student loan scheme is a crucial initiative aimed at expanding access to education for countless Nigerian students who might otherwise face financial barriers. The allegations of diversion, though currently unproven, have understandably caused a stir. NELFUND’s strong denial and Sawyerr’s assurance come at a critical time, as the scheme is still in its early stages and building momentum.
