ABUJA — President Bola Tinubu has directed that funds recovered by the Economic and Financial Crimes Commission (EFCC) be channelled to the Nigerian Education Loan Fund (NELFUND).
The Minister of Education, Tunji Alausa, disclosed this on Wednesday while briefing State House correspondents shortly after the Federal Executive Council (FEC) meeting.
Alausa said the presidential directive was part of the administration’s efforts to strengthen funding for education and ensure greater access to student loans across the country.
The minister, however, did not immediately provide details on the amount of funds recovered by the EFCC or the mechanism for transferring the funds to NELFUND.
The development comes as the Federal Government continues to expand the student loan scheme administered by NELFUND as part of efforts to improve access to tertiary education for Nigerian students.
