NELFUND Commends Tinubu as FG Directs EFCC Recovered Funds, Unclaimed Dividends to Student Loans
Kuni Tyessi in Abuja Nigerian Education Loan Fund (NELFUND) has commended President Bola Tinubu for directing that eligible liquid assets recovered by the Economic and Financial Crimes Commission (EFCC) should
The Nigerian Education Loan Fund (NELFUND) has lauded President Bola Tinubu for directing the Economic and Financial Crimes Commission (EFCC) to recover liquid assets and redirect unclaimed dividends to support student loan obligations. NELFUND Director of Strategic Communications, Oseyemi Oluwatuyi, announced the decision in a statement from Abuja, where Chairman Jim Ovia also welcomed the Federal Executive Council's approval.
As of August 2026, NELFUND had disbursed over N322 billion to beneficiaries through more than 1.6 million loan applications. The Chairman emphasized that this decision underscores the Tinubu administration's commitment to making higher education more inclusive and sustainable. Managing Director/CEO Akintunde Sawyerr expressed gratitude to the president for prioritizing education financing, stating, "NELFUND deeply appreciates His Excellency, President Bola Ahmed Tinubu, for this significant intervention and for his unwavering commitment to ensuring that no Nigerian student is denied access to higher education because of financial constraints."
Sawyerr added that the intervention demonstrates the president's belief in the transformative power of education and strengthens confidence in building a sustainable financing system for students. The new funding directive aims to further strengthen the federal government's commitment to sustainable education financing and expand access to more eligible Nigerian students.
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