Says Fund is carrying out the essential security checks to safeguard public monies and guarantee that they are appropriately distributed to the intended recipients.
The recipient students have been notified by the Nigerian Education Loan Fund (NELFUND) that the reason for the August stipend delay is continuing payment processing.
In a statement released on Thursday in Abuja, Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, stated that the Fund is carrying out the essential security checks to safeguard public monies and guarantee that they are appropriately distributed to the right beneficiaries.
“We understand that this procedure might cause some inconvenience, but it is a necessary part of our commitment to upholding the integrity of the student loan program and to maintaining accountability and transparency.
“Because of this, we kindly request your patience and understanding while we work to complete the payout with the same degree of care that has guided our activities up to this point.
She declared, “We are unwavering in our commitment to empowering students and expanding access to higher education throughout Nigeria.”
Oluwatuyi continued by saying that the fund is making every effort to finish the distributions as quickly as feasible.
“We value the input provided by students and are happy with their level of involvement and attention to detail in tracking the advancement of the maintenance payments. The statement said,
“This degree of participation highlights the importance of the student loan program, and we remain committed to supporting your academic endeavors, just as we have with prior disbursements.”
Within Nigeria
