The Nigeria Education Loan Fund (NELFUND) has reaffirmed its commitment to building a transparent, accountable, and inclusive student loan scheme, unveiling key milestones and emphasizing the need for inter-agency collaboration to protect the integrity of the national initiative.
This was highlighted during a recent stakeholder engagement workshop on system automation and loan applications held in Abuja. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) participated in the session alongside other government agencies and stakeholders.
Speaking, NELFUND’s Managing Director, Mr. Akintunde Sawyerr, expressed appreciation to all stakeholders for their support and reiterated the organization’s dedication to transparency and accountability.
Mr. Sawyerr emphasized that NELFUND’s top priority is the satisfaction of its beneficiaries, aligning with the current government’s focus on inclusive education reform, stressing that the Fund remains committed to continuity, credibility, and effective risk mitigation.
He further noted that NELFUND’s progress in building a robust, data-driven framework aims to expand access to higher education while fostering public trust. He called on stakeholders to actively engage in joint oversight, risk assessments, and public enlightenment campaigns.
During the workshop, three key risk areas—sustainability, reputation, and financial integrity—were identified. NELFUND assured stakeholders that it has implemented a fully automated and verifiable system to address these concerns effectively.
A statement issued following the workshop by the spokesperson for the ICPC, Demola Bakare, noted that the event brought together key federal agencies, including branches of the Anti-Corruption Agencies, the Armed Forces, the Nigeria Police Force, the Office of the Accountant-General of the Federation, the Nigeria Correctional Service, the Nigeria Customs Service, the Federal Fire Service, and the National Drug Law Enforcement Agency, among others.
