By Jimmy Jackson
The Minister of Education, Dr. Olatunji Alausa, has dispelled speculations of wrongdoing against the Nigerian Education Loan Fund (NELFUND), saying no fraud was uncovered in the student loan scheme.
Alausa clarified the allegations on Wednesday, May 14, 2025 after meeting with Vice Chancellors, officials of the National Universities Commission (NUC), NELFUND, and the Federal Ministry of Education.
Alausa described the statement put up by the Independent and Corrupt Practices Commission and other related offences (ICPC) as incorrect.
“Let me start by saying that there is no fraud in NELFUND. ICPC reported that the information was not correct. There is no fraud in NELFUND; what we have are issues that have to do with the timeline.”
Alausa also announced the formation of a multi-stakeholder committee comprising Vice Chancellors, the NUC, NELFUND, and the Ministry of Education.
