No fewer than 51 public tertiary institutions in Nigeria have been indicted for allegedly making illegal deductions from student loans disbursed by the Nigerian Education Loan Fund (NELFUND).
The Guardian gathered that these institutions charged between N3,500 and N30,000 above the approved institutional fees per student, in violation of the scheme’s guidelines. The schools reportedly received funds from NELFUND on behalf of students but failed to refund excess charges or notify students of disbursements.
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