Its fake news, no student will go to jail for loan default – NELFUND
The Nigerian Education Loan Fund, NELFUND, has debunked the speculation that President Bola Tinubu, has approved life imprisonment for students who fail to repay their education loans after graduation. In a post on its verified X handle on Sunday, NELFUND described the claim as fake news. According to the agency, the purported announcement did not originate […] Its fake news, no student will go…
The Nigerian Education Loan Fund, NELFUND, has refuted claims that President Bola Tinubu has authorized life imprisonment for students who default on their education loans post-graduation. In a statement on its verified X account, NELFUND labeled the assertion as false news. According to the organization, the reported announcement did not stem from the government.
NELFUND also shared a screenshot of the fabricated newspaper front page that was being disseminated online, which included the headline proclaiming that Tinubu declared: "All students who fail to repay their loan after graduation will go to jail for life." "There's no life jail term for students who fail to repay loans. The speculation is fake," NELFUND declared.
The agency has previously debunked circulated circulars and notices regarding the suspension of the student loan disbursement program. NELFUND was created under the Student Loans (Access to Higher Education) Act, signed into law by President Tinubu and re-enacted in 2024.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
