The Managing Director and Chief Executive Officer, NELFUND, Mr. Akintunde Sawyerr.
The Nigerian Education Loan Fund has moved against tertiary institutions accused of withholding refunds due to students under the Federal Government’s student loan scheme, warning that it is engaging affected schools and relevant authorities to ensure compliance.
The Fund, in a public notice issued on Monday, also condemned reports of arbitrary increases in tuition and other institutional charges, describing such practices as contrary to the objectives of the student loan programme.
NELFUND said some institutions had delayed or outrightly refused to refund students who had paid their tuition fees before the Fund subsequently disbursed the same fees to the schools on their behalf.
“The Nigerian Education Loan Fund has noted with concern reports of some tertiary institutions delaying or refusing to refund students whose tuition fees had already been paid before NELFUND disbursements, as well as arbitrary increases in tuition and other institutional charges,” the statement partly read.
