*Begins security checks
*Solicits students’ understanding
The Nigerian Education Loan Fund (NELFUND) has blamed the delay in the payment of August stipend to beneficiary students on ongoing security checks.
A statement signed by NELFUND’s Director of Corporate Communications, Mrs. Oseyemi Oluwatuyi, on Thursday, said the move is to ensure that the stipends did not fall into the wrong hands.
The statement read: “The Nigerian Education Loan Fund (NELFUND) wishes to inform students that the delay in the August stipend is due to ongoing payment processing.
” The Fund is conducting necessary security checks to protect public funds and ensure that they are 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.
” The fund is 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.”
