The Nigeria Education Loan Fund, NELFUND, says no money is missing from the student loan scheme despite claims to the contrary.
The Managing Director and Chief Executive Officer of NELFUND, Akintunde Sawyerr, stated this on ‘Politics Today’, a programme on Channels Television on Sunday.
DAILY POST recalls that a recent report had alleged that some schools were diverting money meant for the scheme operated by NELFUND.
The report triggered the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to launch an investigation into the matter.
However, the Managing Director and Chief Executive Officer of NELFUND, Akintunde Sawyerr, said the fund has a clean bill of health.
“We are all looking for this so-called money. First of all, let me be very clear. No money has been stolen. The President, in his wisdom and well-intentioned programme, decided that he was going to set up the Nigeria Education Loan Fund.
“But let me go back and just continue to correct this misconception. No N71bn is missing.
“So the funds that we’ve been given are to bridge the gap for those who don’t have the money to be able to attain the education. No money is missing. No money has been stolen. There had been some issues with what happened at this phase, where human intervention comes in.
“No money is missing. No money has been stolen. There’d be some issues with what happens at this phase, where human intervention comes in,”; Sawyerr said.
