Student union bodies have issued a strong warning to vice-chancellors, rectors, and provosts of higher institutions over alleged lack of transparency and accountability in the disbursement of the Nigerian Education Loan Fund (NELFUND).
The National Association of University Students (NAUS) and the National Association of Nigerian Students (NANS) jointly cautioned against any attempt to divert student loans for personal gain.
Speaking during a press conference at the NUJ Correspondents’ Chapel in Osogbo, Osun State, on Friday, NAUS Chairman, Comrade Samson Adeleke, said the mismanagement of the NELFUND disbursement was already having negative effects on students in various institutions.
He stressed the need for institutional heads to uphold transparency and ensure that the loans reach their intended beneficiaries without interference or corruption.
“We demand that Vice-Chancellors and Provosts of tertiary institutions in Osun State provide a detailed account of NELFUND disbursement and expenditures.”
Also, the NANS Southwest Coordinator, Comrade Taiwo Omolewa, said, “All the VCs, Rectors and Provosts are on our watchlist regarding rumours of diverting student loans for personal use.
Similarly, a student union leader, Stephen Olarewaju warned that NELFUND is to cushion the effect of the economy reform, hence it must not be converted for personal use.
