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The management of the University of Ilorin has addressed a recent report in The Guardian newspaper alleging that some universities are involved in illegal deductions and exploitation of the Nigerian Education Loan Fund (NELFUND) scheme.
In a statement signed by its Director of Corporate Affairs, Mr Kunle Akogun, the University dissociated itself from any such practices, explaining that it has received disbursements three times, and its students are paid promptly.
According to the statement, the university received the first tranche for the 2022/2023 session, and N52,897,000 for 802 students, all of whom have been fully refunded with the amount approved for them by NELFUND.
The second tranche of N219,407,370 was for 2,171 beneficiaries who were exempt from paying school charges due to the timing of the disbursement.
The University however, stated that when the payment advice was sent, 1,850 of the beneficiaries had a shortfall of N2,500 each based on expected school charges.
The third tranche of N679,020,930 was for 7,273 students, with payment ongoing for the first batch of 1,907 students whose details have been confirmed for full refund.
The University of Ilorin, therefore assured the public that it does not engage in any shady deals or illegal activities that would harm its students.
“As a responsible institution with a zero-tolerance policy for illegality, we prioritize the welfare of our students.
“We believe the report’s inclusion of our university was an error, as we were not contacted for clarification before publication,” it added.
By Sola Rotimi
