• Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
Nigerian Daily Post
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
No Result
View All Result
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business
No Result
View All Result
Nigerian Daily Post
No Result
View All Result

FG Summons Vice Chancellors Over Alleged Diversion of Student Loan Funds.

FG Summons Vice Chancellors Over Alleged Diversion of Student Loan Funds.

admin by admin
May 2, 2025
in National News
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter
For advert placement, News publication, Event coverage and Promotions, call +2349012892630 or email us info@nigeriadailypost.com.ng

FG Summons Vice Chancellors Over Alleged Diversion of Student Loan Funds.

From Our Correspondent

The Federal Government has summoned Vice Chancellors from several universities and the Managing Director of the Nigeria Education Loan Fund (NELFund) regarding allegations of fund diversion related to the student loan scheme.

A recent report indicated that approximately 51 schools had made unauthorized deductions from student loans under NELFund. This situation has prompted the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to initiate a detailed investigation into these alleged discrepancies.

In response to the allegations, the Federal Ministry of Education announced that it will hold an urgent meeting on May 6, 2025, with the affected university Vice Chancellors and the Managing Director of NELFund.

“The purpose of this meeting is to thoroughly investigate the issue, ensure accountability, and reaffirm the Ministry’s zero-tolerance policy towards financial malpractice within the education sector,” stated the Ministry through its Director of Press and Public Relations, Boriowo Folasade.

The Minister of Education, Olatunji Alausa, described the claims as “very disturbing” and indicated they could represent a significant violation of public trust. “If proven true, such actions would constitute a gross betrayal of the government’s commitment to equitable access to education,” the minister added.

To enhance transparency within the student loan scheme, the Ministry has announced a collaboration with the Athena Centre to launch a compliance-tracking initiative. This will include a countdown webpage designed to monitor university transparency.

Additionally, the Ministry plans to introduce an Annual University Transparency Index, provide technical assistance to institutions, and conduct training programs for university Bursars and ICT Heads to support the development and maintenance of an open portal initiative.

The NELFUND program was officially launched on May 24, 2024, offering interest-free loans to students in tertiary institutions across Nigeria. As of April 2025, the fund has disbursed a total of ₦53.8 billion, which includes ₦30.1 billion for institutional fees and approximately ₦23.6 billion for upkeep allowances.

Visited 9 times, 1 visit(s) today

For advert placement, News publication, Event coverage and Promotions, call +2349012892630 or email us info@nigeriadailypost.com.ng
Previous Post

NNPC Foundation restores sight to 500 person in Niger State.

Next Post

Niger Speaker, Amb. Malami, others condole ex SSG, Prof. Kuta Yahaya over mother’s death

admin

admin

Related Posts

EFCC Transfers 753 Duplexes and Apartments from Emefiele to Federal Government.
National News

EFCC Chairman Reports Recovery of Funds Lost in CBEX Fraud, Urges Vigilance Among Investors. 

July 10, 2025
Gov. Bago Umaru Appoints Hon. Danjuma Abdul Masu as Chairman of  Niger State Sports Commission. 
National News

NUJ Niger State Council Congratulates Hon. Danjuma Abdul Masu on His Appointment as Chairman of the Niger State Sports Commission. 

July 10, 2025
National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery
National News

National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery

July 10, 2025
Coalition Agenda for Democracy Moves to Strengthen Political Alliance in Niger State
National News

Coalition Agenda for Democracy Moves to Strengthen Political Alliance in Niger State

July 10, 2025
Nigerian army trains personnel on doctrine development for operational excellence 
National News

Nigerian army trains personnel on doctrine development for operational excellence 

July 9, 2025
Ex-Rep. Legbo-Kutigi lauds Gov. Bago’s visionary leadership 
National News

Ex-Rep. Legbo-Kutigi lauds Gov. Bago’s visionary leadership 

July 8, 2025
Next Post
FG Summons Vice Chancellors Over Alleged Diversion of Student Loan Funds.

Niger Speaker, Amb. Malami, others condole ex SSG, Prof. Kuta Yahaya over mother's death

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Minimum wage : Gov. Bago directs full  implementation using Fed Govt. template. 

Minimum wage : Gov. Bago directs full  implementation using Fed Govt. template. 

November 3, 2024
Niger State Govt. commences payment of gratuities to Retirees.

Niger State Govt. commences payment of gratuities to Retirees.

May 22, 2025
Gov. Bago Sympathizes with Nigeria Army,reassures to curb insecurity in the State. 

Farmer Governor Umar Bago to increase workers salary by 35 percent – insider source

December 22, 2024
Four hundred level Student of IBBUL brutally attacked by her Ex-boy friend,damaged her eyes.

Four hundred level Student of IBBUL brutally attacked by her Ex-boy friend,damaged her eyes.

February 23, 2025

FAAC SHARES N 1,149.816 TRILLION JANUARY 2024 REVENUE TO FG, STATES AND LGCS

2

THE PRESIDENT DOKO PROGRESSIVE FORUM (DPF) CALLS FOR CALM.

2

Medical and Health Workers Union of Nigeria,Niger State Council. Felicitates Governor and His Deputy on their Inauguration..

1

NUT Niger state branch Felicitate Emir of Kagara on his presentation of staff of Office and Coronation.

0
EFCC Transfers 753 Duplexes and Apartments from Emefiele to Federal Government.

EFCC Chairman Reports Recovery of Funds Lost in CBEX Fraud, Urges Vigilance Among Investors. 

July 10, 2025
Gov. Bago Umaru Appoints Hon. Danjuma Abdul Masu as Chairman of  Niger State Sports Commission. 

NUJ Niger State Council Congratulates Hon. Danjuma Abdul Masu on His Appointment as Chairman of the Niger State Sports Commission. 

July 10, 2025
Governor Bago opened the PGF Information Commissioners Meeting, emphasizing the importance of strategic communication in governance. 

Governor Bago opened the PGF Information Commissioners Meeting, emphasizing the importance of strategic communication in governance. 

July 10, 2025
National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery

National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery

July 10, 2025

Recent News

EFCC Transfers 753 Duplexes and Apartments from Emefiele to Federal Government.

EFCC Chairman Reports Recovery of Funds Lost in CBEX Fraud, Urges Vigilance Among Investors. 

July 10, 2025
Gov. Bago Umaru Appoints Hon. Danjuma Abdul Masu as Chairman of  Niger State Sports Commission. 

NUJ Niger State Council Congratulates Hon. Danjuma Abdul Masu on His Appointment as Chairman of the Niger State Sports Commission. 

July 10, 2025
Governor Bago opened the PGF Information Commissioners Meeting, emphasizing the importance of strategic communication in governance. 

Governor Bago opened the PGF Information Commissioners Meeting, emphasizing the importance of strategic communication in governance. 

July 10, 2025
National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery

National President of Nigerian Red Cross Society Urges Enhanced Training for Effective Service Delivery

July 10, 2025

Follow Us

Browse by Category

  • Business
  • Crime
  • Education
  • Health
  • National News
  • Niger State Governor
  • Opinions
  • Politics
  • Sports
  • Uncategorized
  • World News

Recent News

EFCC Transfers 753 Duplexes and Apartments from Emefiele to Federal Government.

EFCC Chairman Reports Recovery of Funds Lost in CBEX Fraud, Urges Vigilance Among Investors. 

July 10, 2025
Gov. Bago Umaru Appoints Hon. Danjuma Abdul Masu as Chairman of  Niger State Sports Commission. 

NUJ Niger State Council Congratulates Hon. Danjuma Abdul Masu on His Appointment as Chairman of the Niger State Sports Commission. 

July 10, 2025
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business

© 2024 All Rights Reserved

No Result
View All Result
  • Home
  • National News
  • Education
  • Health
  • Crime
  • Opinions
  • Politics
  • World News
  • Niger State Governor
  • Sports
  • Business

© 2024 All Rights Reserved