Education officials have started investigating claims that universities took money from student loans without permission. They plan to meet with school leaders next week to discuss these NELFund problems. The ICPC has also begun investigating these matters.
Education Minister Dr. Alausa called these claims very troubling, saying they hurt the loan program goals. He promised the government would not ignore these issues. President Tinubu created NELFund to help students pay for college through clear processes.
The Ministry wants to protect public money for education support programs. Officials will meet with university heads on May 6 to discuss what happened. They aim to start new tracking systems for better school money management.
The government plans to create a university rating system for money handling. School money managers will receive training on keeping records open for everyone to see.
Education Minister Dr. Alausa called these claims very troubling, saying they hurt the loan program goals. He promised the government would not ignore these issues. President Tinubu created NELFund to help students pay for college through clear processes.
The Ministry wants to protect public money for education support programs. Officials will meet with university heads on May 6 to discuss what happened. They aim to start new tracking systems for better school money management.
The government plans to create a university rating system for money handling. School money managers will receive training on keeping records open for everyone to see.
