🇳🇬NigeriaWest Africa
NELFUND refutes false notice regarding student loan suspension
via Punch Nigeria1 min read
The Nigerian Education Loan Fund NELFUND has dismissed a circulating notice that claimed the suspension of its student loan disbursement program, labeling the document as fake. NELFUND stated on X that it has not announced any pause in disbursements and advised the public to disregard the message, relying solely on official communication channels. The fraudulent notice had suggested a temporary pause due to "unforeseen operational circumstances." NELFUND explicitly stated, "This document is fake. Kindly disregard the circulating letter on suspension of student loan disbursements. NELFUND has not issued any such directive." The fund urged students and stakeholders to seek verified updates through its official platforms to prevent misinformation. This clarification comes as the scheme, established by the Federal Government, has reportedly benefited over one million students and cost over N1.1bn, with more than 160,000 youths also receiving digital skills training under related initiatives.
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This summary was AI-generated from a story originally published by Punch Nigeria.
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