Nelfund official updates

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[Nelfund official updates @Nelfundofficial]

The Nigerian Education Loan Fund (NELFUND), in collaboration with its Governing Board and relevant stakeholders, continued efforts throughout June and July 2026 to ensure the smooth disbursement of students' upkeep..
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[Nelfund official updates @Nelfundofficial]

....and its implementation at the University.
The Vice-Chancellor stated that the University of Ilorin does not have any outstanding NELFUND loan repayment obligations on behalf of student beneficiaries.

[Nelfund official updates @Nelfundofficial]

OFFICIAL STATEMENT: CLARIFICATION ON NELFUND DISBURSEMENT AND REPAYMENT STATUS
The Vice-Chancellor of the University of Ilorin, Professor Wahab Olasupo Egbewole, SAN, has provided clarification regarding the Nigerian Education Loan Fund (NELFUND) scheme ....

[Nelfund official updates @Nelfundofficial]

@Olajuwon_0101 Thanks for the comment ,
Noted .

[Nelfund official updates @Nelfundofficial]

MAY UPKEEP CONTINUE DROPPING TODAY IF YOU HAVEN'T GOTTEN YOURS, DROP THE NAME OF YOUR SCHOOL HERE NOW IN THE CS.

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@OdunayoShina Thanks for the comment ,
Noted .

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@archengelo Thanks for the comment,
Your school are receiving already , you're getting yours too very soon .

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@Nurudeen13Wahab Thanks for the comments,
Your school are receiving already , you're getting yours too very soon .

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@debbielove_9933 Thanks for the comment ,
Noted .

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@AbdullahOw76529 Thanks for the comment ,
Noted .

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@SilverEmpi2o @NELFUND Thanks for the comment ,
Noted .

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@noradavisss1 Thanks for the comment ,
Noted .

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@Ashhabusani Thanks for the comment ,
Noted .

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@Godson42199286 @NELFUND Thanks for the comment,
You're getting it Very soon.

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DEAR BENEFICIARIES,
JUNE AND JULY UPKEEP DISBURSEMENT DROPPING SOON .
STAY UPDATED HERE ...! @NELFUND

[Nelfund official updates @Nelfundofficial]

@SilverEmpi2o @NELFUND @iambabtee Thanks for the clarification, you're getting the May upkeep soon .
Stay calm

[Nelfund official updates @Nelfundofficial]

A BEAUTIFUL MORNING TO YOU, BENEFICIARIES.
UPKEEP DISBURSMENTS CONTINUES TODAY 🔥🔥
@Mubiiiiin @FUNAAB_SUG @FunaabGist @unaabweb
@MOGdey4U @NELFUND @nuesafunaab @Cypher9jaTv
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[Nelfund official updates @Nelfundofficial]

@bi_bimpe You are 💯 right 👍😊🥰

[FUNAAB Nigeria @FUNAABNigeria]

PRESS RELEASE

Abuja Liaison Office: FUNAAB Recovers ₦27 Million Through EFCC Intervention, Reaffirms Commitment to Accountability

The Federal University of Agriculture, Abeokuta (FUNAAB), has reaffirmed its unwavering commitment to transparency, accountability, and prudent management of institutional resources following the successful recovery of ₦27 million paid for the lease of a property intended to serve as the University’s Liaison Office and Guest House in Abuja.

The development has also helped to correct erroneous impressions in some quarters suggesting any form of corrupt practice on the part of the University, as records have shown that the institution diligently pursued the matter through legitimate legal and administrative channels for several years.

The transaction dated back to 2011 during the administration of former Vice-Chancellor, Prof. Oluwafemi Olaiya Balogun, when the University sought to acquire a property in Abuja to function as a Liaison Office, while also serving as a Guest House to generate revenue for the institution.

It was gathered that although the property was initially considered for outright purchase at a cost of approximately ₦300 million, the University, due to financial constraints at the time, opted instead for a rental arrangement approved by the Governing Council. Consequently, Mr. Segun Okeowo of Royal Caretaker handling the property secured a one-year lease agreement for ₦27 million on behalf of the University.

However, upon payment and subsequent attempts by the University to take possession of the property, it was discovered that the same property had allegedly been handed over to another party, thereby denying the University access despite the payment already made. Determined to protect its resources and institutional integrity, FUNAAB instituted legal action on the matter. The University eventually secured victory at the High Court, affirming its rightful claim in the dispute. Nonetheless, the property owner proceeded to the Court of Appeal, resulting in prolonged litigation and delays that spanned several years.

The matter later came under further scrutiny during one of the Federal Government’s Visitation Panels and investigative exercises, where the case was identified as a recoverable transaction requiring additional intervention. This subsequently attracted the attention of the Economic and Financial Crimes Commission (EFCC), which commenced a detailed investigation into the matter.

Following nearly two years of sustained efforts and investigation by the anti-graft agency, the EFCC successfully recovered the ₦27 million from Dr. Ahmed Mohammed Salik and others involved and remitted the funds back to the University’s account in April 2026.

The University Management has commended the EFCC for its professionalism, persistence, and commitment to ensuring the recovery of the funds after over a decade of legal and administrative processes. Management also noted that the development further demonstrates the effectiveness of institutional collaboration in safeguarding public resources and promoting accountability.

FUNAAB has reiterated that the recovered funds stand as evidence of the University’s steadfastness, due process, and determination to protect public assets, while assuring stakeholders of its continued dedication to transparency, responsible governance, and institutional excellence.

Olasunkanmi Olajide
Ag. Head, Directorate of Public Relations, Federal University of Agriculture, Abeokuta (FUNAAB)

[Nelfund official updates @Nelfundofficial]

@Mubiiiiin PERFECT TRUE 👌