Tinubu Orders EFCC to Channel Seized Loot, Unclaimed Dividends to NELFUND

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Deji Elumoye in Abuja

President Bola Tinubu yesterday directed that all legally cleared looted funds recovered by the Economic and Financial Crimes Commission (EFCC) should be channelled to the Nigerian Education Loan Fund (NELFUND) to further strengthen financing of tertiary education in the country.

Education Minister, Dr Tunji Alausa, who disclosed this to newsmen at the end of the fourth meeting of the Federal Executive Council (FEC) in 2026 at the State House, Abuja, added that the President also directed that funds in the Unclaimed Dividends Trust Fund and the Dormant Accounts Trust Fund be mobilised for NELFUND, subject to compliance with the laws establishing the two funds.