NELFUND Processes August Stipends
Nigerian Education Loan Fund Processes August Stipends Amid Security Checks to Ensure Transparency
By AmforGod J. Olisa,
The Nigerian Education Loan Fund (NELFUND) has announced that the N20,000 stipend for student loan beneficiaries for August is currently being processed.
In a statement released by the Director of Corporate Communications, Mrs. Oseyemi Oluwatuyi, NELFUND acknowledged the potential inconvenience caused by the delay, emphasizing that it is part of their commitment to ensuring transparency, accountability, and the integrity of the student loan program.
The statement explained that the fund is conducting necessary security checks to protect public funds and ensure they are allocated to the correct beneficiaries. “We ask for your patience and understanding as we strive to finalize the disbursement with the diligence that defines our operations,” the statement read.
The fund also reassured that it is working diligently to complete the disbursements as soon as possible. It appreciated the active feedback from students and highlighted that their engagement in monitoring the disbursement process underscores the importance of the student loan program. “We remain dedicated to supporting your educational pursuits, just as we have with previous disbursements,” the statement concluded.
