The Nigerian Education Loan Fund has denied claims of mismanagement in disbursing student loan funds.
This development comes after the Independent Corrupt Practices and Other Related Offences Commission said it was investigating alleged corruption in the disbursement of the funds.
In a statement by the fund’s Director of Strategic Communications, Oseyemi Oluwatuyi, NELFund said ICPC’s comment was taken out of context, meanwhile, the ICPC has clarified its earlier statement on the student loan.
The institution’s spokesman, Demola Bakare aid the agency’s move to investigate the disbursement of the funds was due to claims that 51 schools were involved in illegal deductions and exploitation related to the NELFund scheme.
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