{"id":117350,"date":"2025-04-14T11:45:32","date_gmt":"2025-04-14T10:45:32","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=117350"},"modified":"2025-04-14T11:45:32","modified_gmt":"2025-04-14T10:45:32","slug":"publish-list-of-universities-misusing-student-loans-nigerians-tell-nelfund","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/publish-list-of-universities-misusing-student-loans-nigerians-tell-nelfund\/","title":{"rendered":"Publish List Of Universities Misusing Student Loans, Nigerians Tell NELFUND\u00a0"},"content":{"rendered":"<div style=\"text-align: justify;\">Daniel Adaji<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Nigerians are demanding the Nigerian Education Loan Fund (NELFUND) to publish the names of universities, and the amount disbursed under the Federal Government\u2019s student loan scheme in light of recent revelations that some institutions are shortchanging students.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Online commentators have expressed outrage over the unethical conduct of several tertiary institutions allegedly withholding or mismanaging student loan funds.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Speaking on X (formerly Twitter), @Diekololaoluwa stated, \u201c@NELFUND should publish the names. Or open a dedicated website where students can sign in and check the status of their loans.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Others, like @privatejay01, echoed the need for public disclosure, urging, \u201cMake the list transparent with school and amount of loan!\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The frustration stems from recent findings by the Community Orientation and Mobilisation Officers (COMO) of the National Orientation Agency (NOA), which revealed that certain universities and banks have been colluding to withhold student loan disbursements.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to NOA Director General Mallam Lanre Issa-Onilu, the fraudulent practices include failing to inform students of approved loan disbursements and, in some cases, demanding tuition fees already paid by NELFUND.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">NELFUND Managing Director, Mr. Akintunde Sawyerr, confirmed the development saying, \u201cSome institutions have received student loan disbursements directly into their accounts yet neglect to inform the affected students or record the payments,\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Public anger over these revelations has intensified calls for accountability.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">@truebenny001 bluntly suggested, \u201cSend one Vice Chancellor and his Bursar to prison, and you\u2019ve cured months of unnecessary headaches.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Others criticized the government&#8217;s slow pace in enforcing penalties. \u201cToo much talk, no action,\u201d lamented @step_taiwo.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In response to the controversy, the NOA has instructed its state directorates to collect more feedback from students nationwide, ensuring that erring institutions and complicit banks are identified and sanctioned appropriately.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Meanwhile, voices like @deveeyjoe have praised the investigative breakthrough, with one remarking, \u201cI think it\u2019s impressive that such a finding could be made.\u201d<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji Nigerians are demanding the Nigerian Education Loan Fund (NELFUND) to publish the names of universities, and the amount disbursed under the Federal Government\u2019s student loan scheme in light&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":117351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-117350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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