Why August stipend disbursement delayed – NELFUND
Why August stipend disbursement delayed – NELFUND
The Nigerian Education Loan Fund (NELFUND) has come out to clarify why August disbursement of stipend to students has experienced delay.
According to the Fund, the delay is due to ongoing payment processing.
To that extent, the Fund said necessary security checks are being conducted to protect public funds and ensure that they are properly allocated to the right beneficiaries.
According to a statement by Mrs Oseyemi Oluwatuyi, NELFUND’s director of corporate communications on Thursday, “While we acknowledge that this process may cause some inconvenience, it is an essential part of our commitment to maintaining transparency, accountability and to continue to uphold the integrity of the students loan programme.
“We therefore ask for your patience and understanding during this period as we strive to finalise the disbursement with the same level of diligence that has defined our operations thus far.”
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The statement noted that the Fund remains steadfast in its mission to empower students and enhance access to higher education across Nigeria; therefore working diligently to complete the disbursements as soon as possible.
“We appreciate the feedback from students and are pleased to see the level of engagement and attentiveness in monitoring the progress of the upkeep disbursements.
“This level of involvement reinforces the significance of the student loan programme and we remain dedicated to supporting your educational pursuits, just as we have with previous disbursements,” he said.
Why August stipend disbursement delayed – NELFUND
