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NELFUND MD: Why New Intakes Can’t Receive Fee Payments Before Registration

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By Sarah Sam Adda

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, says the Fund cannot pay institutional fees for newly admitted students until they complete registration and matriculation, warning that early payments could result in massive financial losses.

Speaking to the News Agency of Nigeria in Abuja, Sawyerr said paying fees for students who have not fully enrolled could lead to wasted funds if they later change schools, defer admission, travel abroad, or drop out. He described it as “disbursing against intention.”

He noted that a key challenge is the requirement for students to obtain a matriculation number before accessing the loan.

Since matriculation depends on fee payment, NELFUND is working with institutions to temporarily allow the use of JAMB registration numbers for loan processing.

Sawyerr said NELFUND has resolved several structural issues inherited from its initial 2023 legislation, which included guarantor requirements, a ₦500,000 household income cap, and no provision for student upkeep.

These were corrected under the revised Education Loan Act signed in May 2024.

He commended President Bola Tinubu for his support, noting that the Fund has since achieved seamless application processing and disbursements, providing a lifeline for thousands of students.

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Education

Oyelami Named Acting CEO of National Mathematical Centre

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By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

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Abuja Reports

UniAbuja Council Denies NELFUND Loan Diversion Claim

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By Patrick Idowu

The Governing Council of the University of Abuja has refuted allegations that the institution diverted funds provided by the Nigerian Education Loan Fund (NELFUND), for its students.

In a statement issued on Saturday, the council, chaired by Senator Olanrewaju Tejuoso, said no NELFUND money was diverted, misappropriated or unlawfully withheld by the university or any of its officials.

The denial comes a day after NELFUND also dismissed the allegation and cleared the university of wrongdoing.

The statement, signed by the Acting Registrar and Secretary to the Governing Council, Malam Sambo Mohammed, said the university operates within established financial regulations and maintains strict accountability in managing intervention funds.

The council urged the public to disregard what it described as a misleading media report, while reaffirming confidence in the university’s management led by Vice-Chancellor, Prof. Hakeem Babatunde Fawehinmi.

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Education

JAMB Warns Candidates Against Infractions in 2026 UTME Registration

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By Onyeanya Ebere Immaculata

The Joint Admissions and Matriculation Board (JAMB) has warned that candidates who violate registration rules or breach the attestation signed during the ongoing 2026 Unified Tertiary Matriculation Examination (UTME), registration will face severe sanctions.

JAMB Registrar, Prof. Ishaq Oloyede, issued the warning on Monday as the registration entered its third week.

He said offenders could be barred from sitting for the UTME for up to three years, adding that the names of defaulters may be published in national newspapers and forwarded to other public examination bodies.

Oloyede also disclosed that candidates involved in serious offences could be handed over to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), or the Police for prosecution.

JAMB said the measures are aimed at protecting the integrity of the examination process and ensuring fairness for all candidates.

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