The Nigerian Training Mortgage Fund (NELFUND) stated its disbursements to college students beneath the mortgage scheme reached N59.8 billion as of June 5, 2025.
The Fund disclosed this in its standing report launched on Saturday, the place it revealed that the variety of Nigerian college students benefitting from the scheme stood at 298,124.
A breakdown of the disbursements reveals that the sum of N30.2 billion was disbursed for institutional charges, whereas N29.6 billion was disbursed for the scholars’ repairs.
Nonetheless, reacting to the report, among the beneficiaries complained that they haven’t obtained their repairs allowance for April, not to mention Might.
The announcement by NELFUND has not gone down nicely with among the beneficiaries, who expressed their anger beneath the publish shared on X (previously Twitter) by the group.
An X consumer recognized as @Temmy_Dayo_ _, stated that whereas those that had points with their accounts had not been paid since final yr, these with none situation had been but to obtain their April allowance.
“Pay repairs to hundreds of scholars that corrected their accounts particulars since final yr. Even our April cost standing is displaying “disbursed” when we’ve got not obtained any repairs in any respect. You persons are thieves. You persons are not clear in any respect,” he posted.
The scenario was not completely different for @Roshmancrypto, who wrote: “I haven’t seen my April repairs and it’s displaying ‘disbursed’”.
One other beneficiary, Isaiah Utitofon, additionally complained that he had not obtained April repairs allowance, describing the information launched by NELFUND as “lies”.
“You guys are so not severe and incompetent. Many people haven’t seen our April repairs like myself however u guys drop statistics each time. NELFUND pay our repairs,” posted one other beneficiary on X.
In the meantime, NELFUND has but to reply to all of the complaints as of the time of filling this report.
Nairametrics reported that the Unbiased Corrupt Practices and Different Associated Offences Fee (ICPC) lately commenced a complete probe into alleged discrepancies surrounding the disbursement of pupil loans beneath the NELFUND amid issues over an unaccounted sum of N71.2 billion.
The fee launched a complete inquiry after stories surfaced suggesting that 51 tertiary establishments had been concerned in unauthorized deductions from pupil loans.
