The managing director of Nigeria Education Loan Fund (NELFUND), Akintunde Sawyerr, has said any institution hoarding information about the payment of student loan from the beneficiaries is committing a crime.
Sawyerr stated this Wednesday in Abuja, in an interview with journalists on the third day stakeholder’s engagement session/ workshop on NELFUND system automation and loan application processes.
The third day of the engagement was for the provosts and other officials of colleges of education in the country.
Speaking on the challenges involved in accessing the loan by the students, Sawyerr noted that management of higher institutions must realise that they must be proactive in disbursing money to the beneficiaries once they are paid by NELFUND.
He said: “The issues at hand really lie with the management. The issue is to ensure that the management appreciate and understand if you receive money on Monday, the student must really value on Tuesday.
“Students should not wait one week, month or one year before they are told that they can attend classes. Students must not be charged a naira extra because what the commitment on NELFUND is to pay all the institutional charges.
“No school, institution should come and say NELFUND paid this but this is not part of NELFUND because of instruction to the institutions is that these students, once we have paid all institutional charges, must access education, classes, tutorials, seminars, examinations, field trips.”