The Nigerian Education Loan Fund (NELFUND) has dismissed reports directing beneficiaries of the federal student loan to commence repayment.
‎The Director of Strategic Communications of the fund, Mrs. Oseyemi Oluwatuyi made this known in a statement during the weekend
‎According to her, the agency had observed with concern the circulation of reports in the media and on social platforms suggesting that students were being directed to begin repayment of their loans,
‎She emphasized that no such directive had been issued, categorically stating that those reports were false, misleading, and unfounded
‎Oluwatuyi added that the clarification followed an earlier statement by the Vice-Chancellor of the University of Benin (UNIBEN), Professor Edoba Bright Omoregie (SAN), who disowned a purported circular outlining repayment procedures for NELFUND loans.
‎She further explained that the repayment process was clearly provided under the Act that established NELFUND, which shielded beneficiaries from repayment obligations until certain conditions are met.
Edited by Favour Owonibi .