ICPC Uncovers Discrepancy in NELFUND Student Loan Disbursements

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered significant discrepancies in the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND) scheme.

According to the Commission, only N28.8 billion out of the N100 billion released by the Federal Government was disbursed to students, leaving N71.2 billion unaccounted for.

The ICPC investigation revealed that NELFUND received a total of N203.8 billion as of March 19, 2024. The Commission's investigation is ongoing.