The Management of the Nigerian Education Loan Fund (NELFUND) has confirmed receipt of fifty billion naira from recovered proceeds of crime by the Economic and Financial Crimes Commission (EFCC). 

This was contained in a statement by NELFUND’s Director, Corporate Communications Nigerian Education Loan Fund, OSEYEMI OLUWATUYI.

OLUWATUYI said the release follows the directive of President BOLA TINUBU in his speech on 4th August, 2024, directing the EFCC to transfer the funds to NELFUND to further boost the student loan program. 

He added that the injection of the funds represents a major milestone in presidents TINUBU’S Administration’s commitment to supporting access to education by providing financial support to students across Nigeria.

The fund however expressed gratitude to President TINUBU for his unwavering dedication to the education sector and his continued efforts to support the sector.