The Nigerian Education Loan Fund (NELFUND) has informed students that the delay in the disbursement of August stipend was due to ongoing payment processing.
Director, Corporate Communications of NELFUND, Mrs. Oseyemi Oluwatuyi gave the clarification in a statement issued on Thursday, September 12, 2024.
Oluwatuyi explained that the Fund was conducting necessary security checks to protect public funds and ensure that they were properly allocated to the right beneficiaries.
“While we acknowledge that this process may cause some inconvenience, it is an essential part of our commitment to maintaining transparency, accountability, and to continue to uphold the integrity of the student loan program.
“We therefore ask for your patience and understanding during this period, as we strive to finalize the disbursement with the same level of diligence that has defined our operations thus far.
“We remain steadfast in our mission to empower students and enhance access to higher education across Nigeria”, she said.
The Director also stated that the Fund was working diligently to complete the disbursements as soon as possible.
“We appreciate the feedback from students and are pleased to see the level of engagement and attentiveness in monitoring the progress of the upkeep disbursements.
“This level of involvement reinforces the significance of the student loan program, and we remain dedicated to supporting your educational pursuits, just as we have with previous disbursements”, she added.
