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Message: [QUOTE="Queen, post: 85119, member: 27"] N1.33 billion just landed at UNILAG, loans are live, and NELFUND is basically saying register, get to class, and stop panicking. What just hit the university [LIST] [*]The Nigerian Education Loan Fund confirmed it pushed N1.33 billion to the University of Lagos. [*]This cash drop is locked to the 2025/2026 academic session. [/LIST] Who confirmed the money move [LIST] [*]The update came from Oseyemi Oluwatuyi in Abuja. [*]She spoke for Akintunde Sawyerr, the Managing Director and CEO of the fund. [/LIST] When the transfer happened [LIST] [*]Sawyerr said the release hit UNILAG on January 19. [*]The timing followed the already approved payout calendar for the session. [/LIST] Who does this actually cover? [LIST] [*]The funds are set to handle 6,308 UNILAG students who cleared every requirement under the student loan program. [*]These names were pulled from verified school data during application and validation checks. [/LIST] What students are expected to do [LIST] [*]Once schools get the money, beneficiaries are expected to register and jump straight into academic activities. [*]No waiting around, no academic limbo excuses. [/LIST] What NELFUND says it is fixing behind the scenes [LIST] [*]The fund plans to keep talking with tertiary institution officials to line up beneficiary lists. [*]The goal is timely posting of funds to student accounts and fewer rumors. [/LIST] What the fund is promising publicly [LIST] [*]NELFUND restated its commitment to transparency and student welfare. [*]Sawyerr said the focus stays on fast releases and the correct use of approved loan funds. [/LIST] What happens if there is confusion [LIST] [*]Students were told to check with their school bursary or student affairs offices first. [*]NELFUND said it is actively working with UNILAG to wrap up reconciliation and close out loose ends. [/LIST] [/QUOTE]

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