NELFUND debunks claim of life jail term over loan repayment
The Nigerian Education Loan Fund, NELFUND, has dismissed as false a viral publication claiming that President Bola Tinubu approved life imprisonment for students who fail to repay their education loans after graduation.
NELFUND urged members of the public to disregard the viral publication and rely on its official communication channels for information on the student loan scheme.
For beneficiaries in paid employment, 10 per cent of their monthly salary, wages and other income is deducted at source by the employer for loan repayment.
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