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NOA, NELFUND Uncover Alleged Fraud in Student Loan Disbursements by Nigerian Universities

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NOA, NELFUND Uncover Alleged Fraud in Student Loan Disbursements by Nigerian Universities

NOA and NELFUND have uncovered universities and banks allegedly withholding approved student loans, raising transparency and accountability concerns nationwide.

Investigations by the National Orientation Agency (NOA) and the Nigerian Education Loan Fund (NELFUND) have revealed alleged unethical practices in the disbursement of the federal government’s student loan fund by several tertiary institutions across the country.

According to the findings released over the weekend, some universities and financial institutions have allegedly conspired to withhold or delay loan disbursements meant for students, raising serious concerns over transparency and accountability in the new student loan scheme.

Deputy Director of Communications and Media, NOA, Paul Odenyi, in a statement, further reiterated the agency’s commitment to ensuring that the objectives of the student loan scheme are not derailed. “This is about safeguarding the future of education in Nigeria,” he said.

The statement stressed the Director General of NOA, Mallam Lanre Issa-Onilu, as having disclosed the development following a strategic meeting with the Managing Director of NELFUND, Mr. Akintunde Sawyerr.

The revelation, the release said, was based on reports gathered by Community Orientation and Mobilisation Officers (COMO) across the country.

“Our officers have been engaging with students and education stakeholders. We received credible reports indicating that some institutions, in collaboration with banks, are withholding vital information about the loan disbursements or failing to credit students even after funds have been released,” Issa-Onilu said.

The findings, he said, point to a disturbing pattern wherein institutions reportedly receive funds directly from NELFUND but fail to notify students or reflect the payments in their financial records. In some cases, students are still asked to pay tuition fees out-of-pocket, despite their loans being approved and disbursed on paper.

Confirming the malpractice, NELFUND Managing Director, Mr. Akintunde Sawyerr, stated that his agency is prepared to take legal action against any institution found culpable.

Recent findings by NELFUND have shown that some institutions have received student loan disbursements directly into their accounts yet neglect to inform the affected students or record the payments in their financial records, leading to unnecessary confusion.

“Withholding critical financial information from students is not only unethical but also a breach of the principles on which NELFUND was founded.” Sawyerr said

The loan programme, designed to alleviate the financial burden on students and improve access to tertiary education, risks losing credibility if such practices are not promptly addressed

In response, NOA has issued a nationwide directive to all state directorates to gather feedback from students and monitor the implementation of the loan scheme. The agency said it will ensure that appropriate disciplinary and legal measures are taken against schools and banks found to be in violation.

“The federal government’s student loan initiative is a lifeline for many Nigerian families. It must not be undermined by the selfish interests of a few actors within the system, we are committed to working with NELFUND and other relevant agencies to protect the rights of students.” said Issa-Onilu

Stakeholders in the education sector have commended the move and urged the government to take swift and decisive action. Student advocacy groups have also begun calling for transparency dashboards and complaint channels to ensure beneficiaries can track their loan status independently – Arisenews

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IGP Launches Safe School Protection Squad In Delta State

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IGP Launches Safe School Protection Squad In Delta State

FIC Report (Delta State) – The Inspector General of Police IGP. Kayode Egbetoken PhD, NPM represented by the AIG Zone 5 Benin City, AIG Salman-Dogo Garba psc, on 22nd April 2025, launched Safe School Protection Squad in Delta State and organised a two day stakeholders forum on the security of schools in Delta State as well as training of the schools protection squad, with the theme: Strengthening Security Resilience And Integration of Host Communities In The Protection of Education”.

During the two-day stakeholder’s forum which ended on 24th April 2025, resource persons from the educational sector, ICT, and security experts delivered power-packed lectures to the admiration of stakeholders.

A press release made available to journalists and signed by the Command’s Police Public Relations Officer PPRO ASP Edafe Bright, ANIPR, stated that the event was graced by top dignitaries, including the Governor of Delta State Rt (Hon) Elder Sheriff Oborevwori, represented by the Secretary to the State Government, (SSG) Dr. Kingsley Emu, the Chairman Delta State Council of Traditional Rulers and Orodje of Okpe Kingdom HRM Maj. Gen. Felix Mujakperuo (Rtd.), CFR, mni, represented by the Second Vice Delta State Council of Traditional Rulers, HRM Obi of Obulunor.

Also in attendance were the representative of National Security Adviser, the Commissioner of Police Delta State Command CP. Olufemi Abaniwonda psc, the National Coordinator School Protection Squad CP. Abayomi Shogunle PhD, fsi, representative of service commanders of the various sister security agencies, school principals, teachers, secondary and primary school pupils, vigilantes, members of Nigeria Hunters, Anti-cult, Man-o-War, as well as members of civil society groups and National Association of Nigerian Students, among others.

The Inspector General of Police (IGP) Kayode Egbetokun, PhD, NPM, in his remarks, described the squad as the heart of the safe school initiative. He noted that the team comprises officers specially trained and equipped to safeguard learning institutions and respond swiftly to distress or threats that may arise.

The Coordinator CP. Abayomi Shogunle PhD, fsi, in his remarks stated that in recent years Nigeria was faced with security challenges such as kidnapping, murder and other related crimes, which included destruction of school facilities that sometimes led to closure of schools and also increased numbers of out-of-school children.

He also noted that Nigerian Government in December 2019 formally signed the Safe School Declaration document, which signaled the country’s commitment to a safer school environment. CP. Abayomi Shogunle PhD, fsi, concluded by saying that the right to education is central to social and economic progress stressing that investment in education is an investment in Human capital development.

Also in a remark, the SSG Dr. Kingsley Emu who represented the Governor of Delta State commended the Police for the initiative to organize this stakeholder’s forum and stated further that he was impressed by the determination of the Inspector General of Police to keep schools safe.

The safe school protection command and control centre is domiciled at Force Headquarters with a 24-hour call number (08077357777) where citizens can call in cases of school emergency in any part of the country.

Signed

Felix Ijomah
FIC Asaba Delta State
25th April, 2025.

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Unity Bank Launches GenFi, Targets Children, Teens with Gamified Banking Platform

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Unity Bank Launches GenFi, Targets Children, Teens with Gamified Banking Platform

In a bold move to redefine promotion of financial literacy, Nigeria’s retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of 8 and 18 with essential financial skills.

banking solution that will equip children and teenagers with financial intelligence, management, and independence.” He expressed confidence that the app will gain global reach and become popular among the target demographics.

Also, a guest at the launch and school proprietor, Sylvia Ezeora, described the Genfi app as “user-friendly, educational, and motivational for children”. She noted that beyond teaching financial literacy, “the app empowers parents to reinforce positive behaviour through rewards for completed tasks and promotes responsibility”.

Another guest and parent, Genevieve Adindu, commended Unity Bank for the innovative solution, tailored for children aged 8 to 18, and noted that Genfi “provides a modern, engaging approach to instilling saving habits early in life, replacing traditional methods like the kolo with a more effective digital tool, thereby becoming a powerful companion for children’s financial education”.

GenFi is positioned as a national benchmark for youth-focused digital banking, with the potential to drive economic inclusion and sustainability across generations. The launch event was attended by key stakeholders from the education and finance sectors, technology partners, media, and young students who will be among the early adopters

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2025 UTME Results: 75% of Candidates Score Below 200 -JAMB

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2025 UTME Results: 75% of Candidates Score Below 200 -JAMB

No fewer than 1.5 million out of 1,955,069 scored less than 200 in the 2025 Unified Tertiary Matriculation Examination (UTME).

According to statistical analysis of 2025 UTME result released by the Joint Admission and Matriculation Board (JAMB) on Monday, only 420,415 candidates scored above 200 in the 2025 edition of the UTME.

The data showed that 75% of candidates scored below 200 in the exam, with less than 1% scoring above 300.”

In the statement accompanying the data, JAMB said “40,247 underage candidates were permitted to demonstrate their exceptional abilities.

However, only 467 of these candidates (1.16%) achieved scores that meet the threshold for exceptional ability as defined for the UTME, with their performance in the subsequent three stages still pending.

“Of the total number registered, 97 candidates were involved in examination infractions, while 2,157 others are currently undergoing investigations for suspected malpractices.

“Additionally, 71,701 candidates were absent. Those facing biometric challenges are also under investigation, and those who are cleared will be rescheduled for examination at designated centres.

“Furthermore, few of the results, including those of blind candidates and others in the JEOG candidates group, are still being processed.

“A press conference to announce the individual results of candidates and to facilitate result checking will be held later this week.

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