The Nigerian Education Loan Fund (NELFUND) has formally disassociated itself from a publication by The Guardian Nigeria alleging that 51 universities and other institutions are involved in unauthorised deductions from student loans.
The report, titled “51 Varsities, Others Embroiled in Illegal Deductions from Students’ Loans”, was published on Tuesday, 29 April 2025. In a swift response, NELFUND issued a statement clarifying that it was not consulted for the story and did not provide any data, commentary, or contribution to the report.
“For the avoidance of doubt, NELFUND was neither consulted for this report nor did it provide any data, comment, or contribution to the publication in question,” the Fund stated. “We hereby unequivocally disassociate ourselves from the said article and any inferences that suggest our involvement.”
The Managing Director and Chief Executive Officer of NELFUND, Mr Akintunde Sawyerr, signed the statement, reaffirming the organisation’s commitment to transparency and accurate communication.
“All official information regarding our activities will continue to be disseminated through verified and authorised communication channels,” the statement added.
The Fund also urged members of the public and the media to verify any information relating to NELFUND through its official platforms in order to prevent the spread of misinformation.
For further enquiries, the public is advised to reach out via the following official channels:
Email: info@nelf.gov.ng
Social Media: @NELFUND
Website: www.nelf.gov.ng
The Nigerian Education Loan Fund continues to serve as a key player in the implementation of the student loan programme aimed at improving access to tertiary education across Nigeria.
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