The Nigerian Education Loan Fund is investigating about 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme, Managing Director Akintunde Sawyerr has said.
Speaking in an interview with ARISE NEWS on Sunday, Sawyerr said the agency launched the investigations following a surge in petitions from affected students and is working with anti-corruption agencies, the National Association of Nigerian Students (NANS), internal auditors and other stakeholders.
He said: “I can tell you that there are about 34 institutions that we are looking at at the moment to see what’s going on because the number of petitions we’ve received.”
Sawyerr explained that the issue arose after President Bola Tinubu directed that the loan scheme commence midway into the academic session, resulting in some students paying their tuition before later receiving NELFUND loans.
“What happened is that a lot of schools got double payment. Some from the students, some from us.
