NELFUND Loan Fraud: How Students Are Being Shortchanged – and Left with Debts They Never Owed By Alao Adamadamosi Sunday, arpa
When President Bola Tinubu signed the Student Loans (Access to Higher Education) Act into law, it was hailed as a game-changer for millions of Nigerian youths struggling to afford tertiary education. The Nigerian Education Loan Fund (NELFUND) was designed to provide interest-free loans covering tuition, institutional fees, and monthly upkeep allowances of N20,000. With…