Reps warn participating institutions against manipulating NELFUND loans
The House of Representatives Committee on Student Loans, Scholarships and Higher Education Financing has warned universities and other beneficiary institutions against withholding funds disbursed under the Federal Government’s student loan scheme.
The committee said it would intensify oversight of beneficiary institutions to strengthen enforcement, improve transparency in handling student loan funds, and ensure greater accountability within the scheme.
The committee said some institutions had failed to properly administer funds released by the Nigerian Education Loan Fund (NELFUND) for verified student beneficiaries.
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