{"id":65178,"date":"2025-05-01T17:22:41","date_gmt":"2025-05-01T17:22:41","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=65178"},"modified":"2025-05-01T17:22:41","modified_gmt":"2025-05-01T17:22:41","slug":"nelfund-denies-fraud-slams-false-claims","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/05\/01\/nelfund-denies-fraud-slams-false-claims\/","title":{"rendered":"NELFUND Denies Fraud, Slams False Claims"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>The Nigerian Education Loan Fund has broken its silence over allegations of financial misconduct, dismissing the claims as false, harmful, and rooted in misinformation.<\/p>\n<p>In a strong statement issued by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, NELFUND insisted that no funds have been stolen or misused under the 2024 student loan scheme.<\/p>\n<p>It stressed that all tuition payments go directly to approved institutions, while verified students receive their maintenance allowances through secure digital channels.<\/p>\n<p>\u201cEvery transaction is electronically recorded, fully traceable, and tightly monitored,\u201d the agency stated, assuring Nigerians of transparency and zero tolerance for corruption.<\/p>\n<p>NELFUND blamed the controversy on confusion with outdated loan programs, saying the figures circulating in the media have no link to its current operations.<\/p>\n<p>It warned the public against accepting sensational reports at face value.<\/p>\n<p>The agency reaffirmed its cooperation with anti-graft bodies and confirmed it has met all oversight requirements.<\/p>\n<p>It urged media professionals and the public to focus on facts, not fear-mongering.<\/p>\n<p>\u201cThis loan initiative is a critical lifeline for Nigerian students,\u201d it added. \u201cWe will not allow falsehoods to derail progress.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal The Nigerian Education Loan Fund has broken its silence over allegations of financial misconduct, dismissing the claims as false, harmful, and rooted in misinformation. In a strong statement issued by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, NELFUND insisted that no funds have been stolen or misused under the 2024 student [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":65179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183,172],"tags":[59],"class_list":["post-65178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=65178"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65178\/revisions"}],"predecessor-version":[{"id":65180,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65178\/revisions\/65180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/65179"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=65178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=65178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=65178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}