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🇳🇬 Nigeria /Economy & Trade

NELFUND Debunks Fake Notice on Student Loan Suspension

From The Punch · (1d ago) English

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • The Nigerian Education Loan Fund (NELFUND) has debunked a fake notice claiming the suspension of its student loan disbursement program.
  • NELFUND stated that the circulating document is false and urged the public to rely only on official communication channels for verified updates.
  • The agency clarified that it has not announced any pause in loan disbursements, despite the fake notice citing operational circumstances.

The Nigerian Education Loan Fund (NELFUND) has moved swiftly to quash misinformation circulating online regarding the suspension of its student loan disbursement program. A fake notice, falsely claiming a pause due to "unforeseen operational circumstances," has been widely debunked by the agency.

NELFUND has issued a clear statement, emphasizing that no such directive has been given and urging the public to disregard the fabricated document. This proactive measure aims to prevent confusion and anxiety among students and stakeholders who rely on the scheme for their educational advancement.

The fund stressed the importance of seeking information exclusively through its official communication channels. This clarification comes at a time when the NELFUND scheme is gaining significant traction, with the Federal Government reporting that over one million students have benefited since its inception, thereby enhancing access to higher education across Nigeria. The intervention has reportedly cost over N1.1 billion, with an additional 160,000 youths receiving digital skills training.

This document is fake. Kindly disregard the circulating letter on suspension of student loan disbursements. NELFUND has not issued any such directive.

— NELFUNDNELFUND's official statement debunking a fake notice about the suspension of student loan disbursements.
DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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