The Nigerian Education Loan Fund (NELFUND) has denied reports suggesting that beneficiaries of its student loan scheme have been instructed to begin repayment.
Describing the reports as “false, misleading, and unfounded,” NELFUND stressed that no such directive has been issued to students.
The clarification was contained in a statement by the Director, Strategic Communications, NELFUND, Oseyemi Oluwatuyi.
It comes after the Vice-Chancellor of the University of Benin (UNIBEN), Professor Edoba Bright Omoregie (SAN), disowned a purported circular circulating online that outlined repayment procedures for NELFUND loans.
The University confirmed that the document did not originate from its offices and that no repayment guidelines have been issued by either NELFUND or the Federal Government.
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NELFUND reiterated that:
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No beneficiary is required to repay the loan while still in school.
No repayment is required if a beneficiary remains unemployed after graduation.
Loan repayment only begins in accordance with the NELFUND Establishment Act, after gainful employment.
The Fund reassured stakeholders of its commitment to expanding access to higher education through transparent, fair, and student-friendly financing.
It emphasised that official information regarding loan administration or repayment will only be communicated through verified NELFUND channels and formal government platforms.
Students, parents, institutions, and the public were urged to disregard the fake circular and avoid spreading unverified information that could cause unnecessary concern.
