Tinubu approves EFCC cash recoveries, unclaimed dividends for student loans

From Juliana Taiwo-Obalonye, Abuja
President Bola Tinubu has approved a fresh funding arrangement for the Nigerian Education Loan Fund (NELFUND), directing that liquid cash recovered by the Economic and Financial Crimes Commission (EFCC), as well as certain unclaimed dividends, be channelled into the student loan scheme.
The Minister of Education, Tunji Alausa, disclosed this on Wednesday while briefing State House Correspondents following the Federal Executive Council (FEC) meeting in Abuja.
According to him, the council approved the presidential directive as part of measures to strengthen NELFUND’s financial capacity and enable it to cope with its expanding obligations to Nigerian...