News
EFCC reportedly donates N50b to support student loan scheme
The Economic and Financial Crimes Commission (EFCC) has released the sum of N50 billion to the Nigerian Education Loan Fund (NELFUND) from recovered assets to support the student loan scheme.
The anti-graft agency announced this in a press statement on Tuesday, following a visit by NELFUND’s head, Akinwunmi Sawyerr, to the EFCC headquarters.
According to the statement, the chairman of EFCC, Ola Olukoyede, lauded the student loan programme, describing it as a policy issue to tackle corruption.
Olukoyede also mentioned that the inability of many parents to fund the education of their children had always been a predisposing factor of corruption, making students vulnerable to all forms of economic and financial crimes.
“One of the main incentives to cybercrimes is the inability of parents to fund the education of their children. NELFUND is a policy issue against crimes. President Tinubu should be commended for initiating the Fund”, he said.
-
Business1 week agoDangote cuts petrol, diesel prices again to boost affordability, economic activity
-
Health5 days agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Comments and Issues1 week agoWhy baby boys outnumber girls at birth
-
Crime3 days agoLASU student dies after armed robbery attack
-
Football6 days agoFIFA confirms 10 key law changes for 2026 World Cup
-
Latest5 days agoCG Musa 4 PBAT’ group declares support for Tinubu’s 2027 ambition, cites strategic leadership
-
Latest5 days ago2027: The real reason Jonathan hasn’t accepted PDP ticket—Umar Sani
-
Comments and Issues6 days agoThat savage attack on schools in Oyo state