{
  "id": 3210326,
  "title": "FG eyes unclaimed dividends, dormant funds for NELFUND",
  "url": "https://urgent.news/2026/08/25/fg-eyes-unclaimed-dividends-dormant-funds-for-nelfund",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T05:18:36.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/fg-eyes-unclaimed-dividends-dormant-funds-for-nelfund/"
  },
  "original_language": "en",
  "account": "President Bola Tinubu has launched a new funding avenue for the Nigerian Education Loan Fund (NELFUND) by redirecting cleared funds seized by the Economic and Financial Crimes Commission (EFCC) to the student loan scheme. Additionally, the President has directed that unclaimed dividends from capital market trust funds and dormant account trust fund monies be considered for transfer to NELFUND, pending legal compliance. Education Minister Dr Maruf Tunji Alausa announced these initiatives, stating that the measures aim to ensure NELFUND's financial stability amidst growing obligations. Only funds cleared of litigation and other hindrances will be eligible for the transfer. The government will collaborate with key ministries and regulatory bodies to establish a legal framework for the implementation. The new funding streams, alongside NELFUND's existing 15% allocation from the development levy, will bolster the loan fund's financial sustainability. Over 1.2 million students currently receive support from NELFUND, with disbursements exceeding ₦322 billion as of August 8.",
  "summary": "President Bola Ahmed Tinubu has opened a new funding channel for the Nigerian Education Loan Fund (NELFUND), directing the transfer of legally cleared funds recovered by the Economic and Financial Crimes Commission (EFCC) to the student loan scheme. The President also directed that unclaimed dividends from capital market trust funds and funds held in the […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}