Education
NELFUND Debunk allegations of student loan misappropriation
Mariam Abeeb
The Nigerian Education Loan Fund (NELFund) said it is alarmed by the recent surge of what it described as inaccurate, misleading, and dangerously speculative reports circulating in the public space regarding the administration of the student loan scheme.
The Fund in a statement by its Director of Strategic Communications, Oseyemi Oluwatuyi, said the reports, which suggested misappropriation and mismanagement of funds, were “entirely false, grossly irresponsible, and deeply damaging to the integrity of an institution established to deliver financial hope to millions of Nigerians.”
Recall that the ICPC on Thursday said it uncovered billions of naira meant for the student loan scheme.
“This is a coordinated distortion of facts that undermines public trust, weaponises misinformation, and threatens the credibility of a national intervention still in its infancy,” Oluwatuyi said in the statement.
Speaking further, the Fund said that while no funds had been mismanaged, institutional fees were paid directly to verified institutions while upkeep allowances were disbursed to verified bank accounts of eligible students.
“The figures and funding amounts currently being misrepresented in the public are drawn from entirely different education financing interventions predating NELFUND’s operational commencement.
“They bear no relevance to the current student loan scheme and should not be falsely attributed to this institution,” the statement added.
It, however, noted that it remained committed to transparency and cooperation with oversight committees, including the ICPC.
“NELFUND operates a zero human interface, fully automated loan system that eliminates opportunities for financial misconduct. Every application and disbursement is digitally tracked, time-stamped, and verifiable.
“Our commitment to transparency and cooperation with oversight agencies, including the ICPC, is total and unwavering. “We have complied fully with every request for information and will continue to uphold the highest standards of public accountability,” it added.
Education
Igbinedion University, EduTech Global Partner On Digital Education, Access
Mr. Femi Shonubi, Co-Founder/CTO – EduTech Global
Cyril Ogar
Igbinedion University, Okada, one of Nigeria’s leading private universities, has entered into a strategic partnership with EduTech Global to accelerate its digital learning ambitions, expand access to its academic programmes to students in the country.
Through the partnership, EduTech will provide digital learning infrastructure and technology support for the University’s Distance Learning Centre (DLC), thereby enabling learners to access quality university education beyond the conventional campus environment.
The partnership reflects Igbinedion University’s ambition to remain competitive in a rapidly evolving higher education landscape by combining its academic heritage with technology, innovation and new models of learning that contribute to national workforce development.
Speaking on the partnership, the Vice-Chancellor of the university, Prof. Lawrence Ezemonye, said the collaboration represented a significant step in the university’s ambition to produce graduates equipped for national and global impact.
He said: “At Igbinedion University, our mandate has always been to lead in producing graduates equipped for national and global impact. This partnership with EduTech Global represents a bold step into the future of higher education in Nigeria.
“By expanding our digital learning infrastructure, we are not just breaking down geographical barriers; we are actively contributing to national workforce development by ensuring that quality, industry-aligned education is accessible to every driven learner, regardless of location.”
In his remarks, Director, Igbinedion University Distance Learning Centre, Prof. Gideon Bawa, said the university was motivated by the opportunity to transform its existing processes, which hitherto were being handled manually, and build a more efficient and scalable distance learning model.
The Director clarified: “The growth recorded by institutions that have leveraged EduTech’s technology and expertise was a major factor in our decision to engage the company. We are confident that this partnership will position Igbinedion University to achieve significant growth in enrolment while strengthening the quality and efficiency of our Distance Learning Centre.”
“With this partnership, we expect to move most of our administrative and academic activities online through EduTech. This will improve efficiency, enhance the learner experience and allow our facilitators and students to engage more effectively through a connected digital learning environment”, Bawa added.
Commenting on the collaboration, Co-founder and Chief Technology Officer, EduTech Global, Femi Shonubi, pointed out that technology had been redefining the boundaries of what a university can offer, adding that EduTech’s role extends beyond putting courses online.
Shonubi expatiated: “Technology’s true value lies in its ability to drive tangible socio-economic impact through education. By dismantling physical boundaries, we are empowering institutions like Igbinedion University to democratise access to high-quality learning. This is about more than online courses; it is about developing a resilient, highly skilled workforce at scale to meet the demands of the modern economy.
“We are helping institutions build connected learning ecosystems that support the student journey from application and enrolment through learning, assessment and graduation. Igbinedion University’s ambition to lead in innovative education aligns strongly with what we are building at EduTech.”
General Manager, Edutech Global, Moyosore Asubiojo said the partnership arises as demand grows for flexible higher education among working professionals, entrepreneurs and learners seeking alternatives to traditional full-time campus education.
She asserted that by combining Igbinedion University’s academic competence with EduTech’s technology capabilities, the collaboration will create new pathways to quality education and workforce development while enabling the University to expand beyond its traditional geographical footprint.
Analysts believe that the partnership between the university and the tech company represents a shared commitment to making higher education more accessible, flexible and scalable, while positioning the university to compete and lead in the next generation of technology-enabled education in Nigeria and globally.
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