The Nigeria Education Loan Fund (NELFUND) has dismissed allegations of missing funds from the student loan scheme, declaring that no money has been stolen.
Akintunde Sawyerr, Managing Director and Chief Executive Officer of NELFUND, made the clarification during an interview on Channels Television’s Politics Today on Sunday. He emphasized that the fund remains intact and the reported N71 billion is not missing.
“We are all looking for this so-called money. First of all, let me be very clear. No money has been stolen,” Sawyerr stated. He reiterated that the fund was established by the President to provide financial support for students who cannot afford higher education.
While acknowledging operational challenges during the implementation phase, Sawyerr insisted they were due to human factors and not financial misconduct.
