NELFUND Addresses Delay in August Stipend Disbursement

The Nigerian Education Loan Fund (NELFUND) has announced a delay in the disbursement of the August stipend, attributing the issue to ongoing payment processing. The Fund is currently conducting essential security checks to ensure that public funds are accurately allocated to beneficiaries.

NELFUND emphasized that this procedure, though causing temporary inconvenience, is crucial for maintaining transparency, accountability, and the integrity of the student loan program. The organization requests students' patience and understanding as they work to complete the disbursement with the utmost diligence.

The Fund remains committed to supporting students and enhancing access to higher education across Nigeria. NELFUND expressed appreciation for the feedback and engagement from students, highlighting the importance of the student loan program.

Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, signed the release.