The Nigerian Education Loan Fund has denied allegations that student loan funds were diverted at the University of Abuja.
This is according to a statement issued on February 13, 2026, by Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications at the Nigerian Education Loan Fund.
The clarification follows recent media reports alleging that disbursements meant for students of the institution were misapplied or unlawfully withheld.
According to the statement titled “Allegations Concerning Disbursement of NELFUND Student Loans at the University of Abuja,” the Fund said it has taken note of recent reports alleging diversion of student loan disbursements at the University of Abuja.
However, NELFUND stressed that as of the time of the statement, there was no verified evidence before it establishing that the institution had diverted, misappropriated, or unlawfully withheld its disbursements.
The Fund stated that it operates a structured disbursement and reconciliation framework in line with its statutory mandate, adding that funds are released through established institutional channels.
NELFUND explained that compliance mechanisms are embedded in its processes to ensure accountability and transparency.
(Nairametrics)
