Minister of Education, Dr. Tunji Alausa, on Wednesday dismissed insinuations of fraud in the way things are handled at NELFUND asserting that no fraud was recorded in respect of the student loan scheme.
Team@orientactualmags.com learned that Dr Alausa made this assertion during the meeting held with Vice Chancellors, officials of the National Universities Commission, Nigerian Education Loan Fund and the Federal Ministry of Education.
The minister also described the assertions made by the Independent and Corrupt Practices Commission and other related offences (ICPC) as incorrect.
‘Let me start by saying that there is no fraud in NELFUND. ICPC reported that the information was not correct. There is no fraud in NELFUND; what we have are issues that have to do with the timeline’ he said.
Recall that ICPC had disclosed that it has launched a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund noting that its preliminary findings revealed that while the Federal Government had released N100 billion for the scheme, only N28.8 billion was disbursed to students, leaving N71.2billion unaccounted for.
Spokesperson for ICPC, Demola Bakare, had in a statement said the commission’s Special Task Force had immediately commenced investigations after getting to know about the allegations-Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
