Home News Poly students give NELFUND five-day ultimatum over loan disbursements
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Poly students give NELFUND five-day ultimatum over loan disbursements

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NELFUND Disburses N116.2bn in Student Loans, Gets N58.4bn Budget Approval
NELFUND Disburses N116.2bn in Student Loans
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  • The National Association of Polytechnic Students has given NELFUND a five-day ultimatum to disclose a detailed breakdown of student loan disbursemennt.

  • The demand follows allegations of irregularities in the student loan scheme, including fraudulent deductions and mismanagement of funds.

The National Association of Polytechnic Students has issued a five-day ultimatum to the Nigeria Education Loan Fund, demanding a detailed breakdown of the disbursement of student loans.

According to the union, NELFUND must publicly disclose how much was disbursed to polytechnic students and provide specific figures showing the benefits to these students.

The demand follows growing concerns over alleged irregularities in the student loan scheme.

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The Independent Corrupt Practices and Other Related Offences Commission had revealed that while NELFUND disbursed N100bn for student loans, only N71bn has been accounted for. This has sparked widespread outrage, with the National Association of Nigerian Students staging a protest on Monday, blocking the Lagos-Ibadan Expressway.

In a communiqué signed by NAPS President Eshiofune Oghayan and Senate President Oyewumi Ayomide, the union warned that it would mobilize nationwide protests and seek investigations if NELFUND fails to comply.

READ ALSO: Education Ministry Orders Emergency Meeting With VCs, NELFUND MD Over ₦71bn Discrepancy

“We are giving the NELFUND board a five-day ultimatum to release a detailed breakdown of the disbursement process—specific figures showing how polytechnic students have benefited,” the statement read.

The association outlined its next steps, including organizing mass protests, submitting petitions to the DSS and EFCC for a full-scale investigation, and pursuing all democratic means to seek justice.

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