NELFUND warns against fake student loan registration portal

The Nigerian Education Loan Fund (NELFUND) is urging students and the public to exercise extreme caution amidst a surge in scams attempting to exploit its interest-free student loan program. A recent fraudulent notice falsely claiming the existence of a new 2026 registration portal has prompted NELFUND to issue a strong advisory, emphasizing the importance of relying solely on verified information channels.

These scams often leverage fabricated presidential directives or promises of easy cash transfers to lure unsuspecting victims. NELFUND has reiterated its commitment to transparency and has warned against the circulation of misinformation, fake news, and potential scams that could lead to financial loss or identity theft. Students are strongly advised to verify all links and information exclusively through NELFUND's official platforms.

The Student Loan (Access to Higher Education) Act, enacted in 2024, provides interest-free loans for tuition and upkeep, with a repayment commencement two years after the completion of the National Youth Service Programme. NELFUND's proactive stance against these fraudulent activities is crucial in protecting beneficiaries and maintaining the integrity of this vital educational support initiative.

“

Please ensure you verify all links and rely only on our official channels for accurate information. Remain vigilant against misinformation, fake news, and potential scams.