Poly Students Give NELFUND 5-Day Ultimatum to Release Student Loan Details!
The Nigeria Education Loan Fund board has been given a five-day deadline by the National Association of Polytechnic Students to submit a thorough explanation of the fund distribution.
Following claims by the National Orientation Agency that certain universities, along with banks, have been deducting false amounts from student loan payments, the student loan program has come under close examination.
The Independent Corrupt Practices and Other Related Offenses Commission said last week that its initial investigation showed that N71 billion is accounted for even though NELFUND had given N100 billion as student loans.
Members of the National Association of Nigerian Students staged a demonstration on Monday, blocking the Lagos-Ibadan Expressway, in response to the outcry sparked by these accusations.
NAPS claimed it would organize protests across the country if the NELFUND did not disclose the breakdown of how polytechnics received funding in a statement released on Wednesday and signed by Senate President Oyewumi Ayomide and President Eshiofune Oghayan.
“We give the NELFUND board a five-day ultimatum to publicly disclose a thorough explanation of the allocation of monies. specific numbers demonstrating the benefits to polytechnic students.
In addition, the association threatened to take action if its requests were not fulfilled.
“Conduct a large-scale demonstration including 0.9% of Nigeria’s 2means;llion students; submit petitions for a thorough investigation to the EFCC aTV DSS; The statement partially reads, “Pursue democratic means, use all democratic means to seek justice.”
In an interview with Channels Tv’s Politics Today on Sunday, NELFUND Managing Director Akintunde Sawyerr refuted the claim that N71 billion in student loans were missing, according to a report by PUNCH Online.
“We’re all searching for thipresidented money,” he remarked. To begin with, let me be clear. There has been no theft of funds.
In his wise and well-meaning plan, the President made the decision to establish the Nigeria Education Loan Fund.
Therefore, the money that we have been granted is meant to help individuals who lack the resources to complete their studies.
“There is no missing money. There has been no theft of funds. There were several problems with what transpired during the stage where human assistance is necessary.
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