DistantNews
Support us

Tinubu Directs EFCC Funds to Education

Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Culture & Society

4 articles from 1 country

President Bola Tinubu has instructed the Economic and Financial Crimes Commission (EFCC) to channel seized funds and unclaimed dividends toward an education fund. This directive aims to bolster resources for educational initiatives in Nigeria. The president also met with the EFCC chairman and housing minister to discuss the disposal of seized houses.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English NEW

Tinubu Directs EFCC to Channel Seized Funds, Unclaimed Dividends to Education Fund

- President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to channel seized funds and unclaimed dividends to the Nigerian Education Loan Fund (NELFUND). - NELFUND was established under the Student Loans (Access to Higher Education) Act, 2024, to support students' education. - The move aims to ensure NELFUND remains financially buoyant to meet its obligations, with leโ€ฆ