Tinubu orders EFCC cash recoveries, unclaimed dividends to fund student loans
President Bola Tinubu has directed that liquid funds recovered by the Economic and Financial Crimes Commission (EFCC), as well as unclaimed dividends from specified government trust funds, be channelled to the Nigerian Education Loan Fund (NELFUND).“This was also approved by FEC: that all unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund should also be directed to NELFUND, so that NELFUND will be financially buoyant to meet its growing obligations today,” Mr Alausa said.
Mr Alausa said the decision was consistent with Mr Tinubu’s commitment to expanding access to higher education through student loans.
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