NELFund dismisses loan diversion allegations against UniAbuja

[NigerianEye - Nigeria] - 14/02/2026
Nigerian Education Loan Fund (NELFund) has dismissed reports alleging the diversion of student loan funds at the University of Abuja (UniAbuja). In a statement on Friday by Oseyemi Oluwatuyi, director of strategic communications at NELFund, said there is no verified evidence establishing that the university diverted, misappropriated, or unlawfully withheld loan disbursements. NELFund said it operates a structured disbursement and reconciliation framework in which funds are released through established institutional channels, with mechanisms in place to ensure accountability and (…)
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