Loan disbursements: Poly students give NELFUND five-day ultimatum

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The National Association of Polytechnic Students has issued a five-day ultimatum to the Nigeria Education Loan Fund, demanding a detailed breakdown of the disbursement of student loans.

This comes amid growing concerns over alleged irregularities in the student loan scheme, which has recently come under scrutiny.

The National Orientation Agency had earlier alleged that some institutions, in collaboration with banks, were making fraudulent deductions from student loan payments.

Last week, the Independent Corrupt Practices and Other Related Offences Commission said its preliminary investigation revealed that while NELFUND disbursed N100bn for student loans, only N71bn has so far been accounted for.

These revelations have sparked widespread outrage. Punch