NELFUND Clarifies Delay in August Stipend Disbursement, Assures Timely Resolution
NELFUND explains the delay in August stipend disbursement due to security checks and reassures students of prompt resolution, emphasizing transparency and accountability.
Lois Udoye 
The Nigerian Education Loan Fund (NELFUND) has addressed the delay in the disbursement of August stipends to students, citing ongoing payment processing and security checks as the primary reasons. In a statement released on September 12, 2024, the Fund explained that these security measures are vital to ensuring that funds are allocated to the rightful beneficiaries, safeguarding public resources in the process.
NELFUND acknowledged the inconvenience caused by the delay but reassured students that the disbursement process is being handled with transparency and diligence, in line with its commitment to accountability. According to Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, the security checks are essential to maintain the integrity of the student loan program and protect public funds from misuse.
“We understand the frustration this may cause, but we urge students to remain patient and understand that this process is crucial for ensuring the continued success of the student loan program,” the statement read.
The Fund also expressed appreciation for the feedback and engagement from students monitoring the disbursement progress. This level of involvement, they noted, underscores the importance of the loan program in supporting students’ educational pursuits across Nigeria.
NELFUND assured students that the disbursement will be finalized as soon as possible and reaffirmed its dedication to empowering students and enhancing access to higher education.
The Fund’s management remains committed to delivering future disbursements with the same level of diligence and accountability that has been a hallmark of its operations.
