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    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

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    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

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    State police only solution to Benue killings, others- Adams

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    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    Group alleges corruption, nepotism, others, calls for immediate sack of NMDPRA Boss

    SNAPSHOTS OF ACHIEVEMENTS

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    IPOB calls for review, says Kanya court ruling confirms Kanu’s trial lack legal foundation

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Ohanaeze renews clamour for IPOB leader, Nnamdi Kanu’s release

    Experts hail new HIV injection breakthrough ,decry high cost

    Experts hail new HIV injection breakthrough ,decry high cost

  • Metro News
    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Teachers, health workers strike,others: Wike gets fresh ultimatum from FCT workers

    Abuja braces for two-week without water as rehabilitation works commence

    Abuja braces for two-week without water as rehabilitation works commence

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

  • Latest News
    • All
    • Crime watch
    Anambra guber: Obi presents Moghalu as LP candidate, reaffirms he will contest the 2027 presidency

    Anambra guber: Obi presents Moghalu as LP candidate, reaffirms he will contest the 2027 presidency

    Civil servants’ June salary delay being resolved – Accountant-General’s office

    Civil servants’ June salary delay being resolved – Accountant-General’s office

    NELFUND begins disbursement of students upkeep

    NELFUND begins disbursement of students upkeep

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    BREAKING: Supreme Court upholds Okpebholo’s election as Edo Governor

    BREAKING: Supreme Court upholds Okpebholo’s election as Edo Governor

    Naira depreciates at the parallel market

    Naira depreciates at the parallel market

    Trending Tags

  • Infotech
    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

    Disconnections not to frustrate ₦EndBadGovernance Protest-Telcos

    FG receives recommendation on telecoms tarrif hike

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

  • World conflict & diplomacy
    UK prime minister back US military strikes on Iran ‘s nuclear sites

    UK prime minister back US military strikes on Iran ‘s nuclear sites

    Israel bombs Iran’s heavy water reactor, says state television

    Israel bombs Iran’s heavy water reactor, says state television

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran slams G7 statement for ignoring Israel’s blatant aggression

    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

  • Security
    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

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Home Corruption

FG uncovers systemic fraud in the students loan disbursement

Daily Intel Newspaper by Daily Intel Newspaper
April 14, 2025
FG uncovers systemic fraud in the students loan disbursement

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The federal government has uncovered how banks and university authorities are colluding to promote unethical practices in the disbursement of student loan funds.

NELfund is a students loan scheme initiated by the Nigerian government to ease the burden of school fees and ultimately increase access to education.

Under the scheme, loans applied for by students are directly disbursed to the institutions.

However, some universities, in connivance with banks are inventing new methods to defraud the FG; deprive the students and undermine the scheme.

While uncovering the plots after meeting with the Managing Director of the National Student Loan Fund, NELFund, Akintunde Sawyerr, the Director-General of the National Orientation Agency, NOA, Lanre Issa-Onilu, in a statement on Sunday, said early indications suggest that university officials are withholding crucial information regarding the release of loan funds, prompting NELFund to take immediate action.

He said specific institutions working in collusion with certain banks have deliberately delayed payments to successful student applicants for their financial gain.

According to him, some universities are failing to acknowledge the disbursements made by NELFund to the students.

Sawyerr, who confirmed the concerns at the meeting, stated that NELFund had discovered instances where institutions received student loan funds directly but failed to inform the students or properly record the payments.

“Recent findings by NELFund have shown that some institutions have received student loan disbursements directly into their accounts yet neglect to inform the affected students or record the payments in their financial records, leading to unnecessary confusion.

“Withholding critical financial information from students is not only unethical but also a breach of the principles on which NELFund was founded. We are prepared to take legal action against any institution engaged in such deceptive practices,” Sawyerr said.

Issa-Onilu warned the implicated institutions and collaborating banks, demanding an immediate end to such activities.

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July 11, 2025
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