The Nigerian Education Loan Fund, NELFUND, has declared that there is no verified evidence before it that the University of Abuja has diverted, misappropriated, or unlawfully withheld NELFUND disbursements.
NELFUND made the declaration on Friday in a statement it issued.
It pointed out that it operated a structured disbursement and reconciliation framework in line with its statutory mandate.
According to NELFUND, funds were released through established institutional channels, and compliance mechanisms were in place to ensure accountability and transparency.
It said the allegation reported in the media did not form the outcome of any established findings.
The statement reads in part:
“Where concerns arise regarding timelines of crediting student accounts or institutional reconciliation processes, NELFUND engages directly with the relevant institution to clarify and resolve such matters administratively and in accordance with due process.
“It is important to emphasize that allegations reported in the media do not constitute established findings. NELFUND remains committed to relying strictly on verified documentation, formal reconciliation procedures, and audit mechanisms in addressing any issues relating to its disbursement processes.
“The Fund reiterates its commitment to protecting the interests of eligible Nigerian students and ensuring that all disbursements are applied in accordance with the law.
“NELFUND will continue to work collaboratively with all partner institutions to uphold transparency, accountability, and the integrity of the student loan programme.”
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