BREAKING: Tinubu redirects EFCC-recovered funds, unclaimed dividends to student loan scheme
President Tinubu has directed EFCC-recovered funds and unclaimed dividends be channeled to the Nigerian Education Loan Fund (NELFUND) to sustain the studen Read More: https://punchng.com/breaking-tinubu-redirects-efcc-recovered-funds-unclaimed-dividends-to-student-loan-scheme/
President Bola Tinubu has announced that funds recovered from the Economic and Financial Crimes Commission (EFCC) will be redirected to the Nigerian Education Loan Fund (NELFUND). This directive was approved during a recent meeting of the Federal Executive Council. The Minister of Education, Dr. Tunji Alausa, revealed this information to State House correspondents on Wednesday.
Alausa stated that the FEC also approved the transfer of all unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund to NELFUND. These measures aim to ensure that NELFUND remains financially stable to support its growing financial obligations to Nigerian students. The President emphasized that the funds involved are liquid and not under any legal dispute, aligning with his campaign promise to provide better access to education for Nigerian students.
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