NELFUND Welcomes Tinubu’s Move to Channel Recovered Funds and Unclaimed Dividends Into Student Loans

The Nigerian Education Loan Fund has welcomed President Bola Tinubu’s directive to channel eligible liquid funds recovered by the EFCC into the student loan scheme. NELFUND also praised the Federal Executive Council’s approval to transfer unclaimed dividends from the Capital Market Trust Fund and funds in dormant accounts to support the scheme. The Fund said the additional financing would help it meet growing loan obligations. As of August 2026, NELFUND reported disbursing more than ₦322 billion across over 1.6 million student loan applications.

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