CHIKUN/KAJURU REP, HON. FIDELIX BAGUDU, ANNOUNCES NEW APPOINTMENTS TO STRENGTHEN INCLUSIVE GOVERNANCE. (PHOTO).
The Federal Ministry of Education is investigating claims that some Nigerian universities have made unauthorized deductions from student loans and accounts managed by the Nigerian Education Loan Fund (NELFund). The probe follows a report by The Guardian Newspaper on April 29, 2025, which alleged financial misconduct by certain institutions.
In a statement issued by the Ministry’s Director of Press and Public Relations, Education Minister Dr. Marut Olatunji Alausa described the allegations as “very disturbing and extremely concerning.” He emphasized that such actions, if true, would violate financial ethics, undermine NELFund’s purpose, and betray the government’s commitment to equitable education access. “Anyone found culpable will face appropriate sanctions,” Dr. Alausa warned, underscoring the ministry’s zero-tolerance stance on financial malpractice.
The Ministry has scheduled an urgent meeting on May 6, 2025, with vice chancellors of the implicated universities and NELFund’s Managing Director to investigate the matter and ensure accountability. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is also conducting a parallel investigation into NELFund.
Dr. Alausa highlighted that NELFund, a flagship initiative of President Bola Ahmed Tinubu, was established with sufficient budgetary provisions to support students and institutions transparently. He condemned any attempts to exploit the fund as contrary to the President’s vision for inclusive education and human capital development.
To strengthen transparency, the Ministry, in collaboration with the Athena Centre, will launch a compliance-tracking initiative and a countdown webpage to monitor institutional accountability. An Annual University Transparency Index will also be introduced to enhance the global standing of Nigerian universities. Additionally, a training program for university bursars and ICT heads will focus on developing open-portal systems to promote financial transparency.
The Ministry reaffirmed its commitment to protecting public funds and ensuring students fully benefit from government education support schemes.
Comments
Post a Comment