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NELFUND Refutes N71.2bn Student Loan Disbursement Fraud

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NELFUND

By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFund) has denied claims of mismanagement in disbursing student loan funds.

This development comes after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it was investigating alleged corruption in the disbursement of the funds.

In a statement by the fund’s Director of Strategic Communications, Mr Oseyemi Oluwatuyi, NELFund said ICPC’s comment was taken out of context.

“These reports, which suggest misappropriation and mismanagement of funds, are entirely false, grossly irresponsible, and deeply damaging to the integrity of an institution established to deliver financial hope to millions of Nigerians,” Mr Oluwatuyi said.

“All institutional fees are paid directly to verified institutions, while upkeep allowances go into the verified bank accounts of eligible students,” she said.

“The reports circulating in the public space are based on outdated figures and previous interventions that predate our operations.”

Equally, the ICPC has clarified its earlier statement on the student loan.

The institution’s spokesman, Mr Demola Bakare, said the agency’s move to investigate the disbursement of the funds was due to claims that 51 schools were involved in illegal deductions and exploitation related to the NELFund scheme.

“The ICPC confirmed that a clear case of discrepancies has been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients,” the agency’s statement partly read.

In an update, Mr Bakare clarified that: “Unintentionally, the word ‘NOT’ was missing in the second to the last paragraph of our earlier press release in respect of an ongoing investigation regarding the Student Loan Scheme. The missing word created an erroneous impression that the alleged discrepancies or diversion had been established.

“We admit that this is not the case, indeed, we accept that the same part of the sentence also contradicted the whole paragraph. The paragraph ought to read: ‘The ICPC confirmed that a clear case of discrepancies has NOT been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients.’

“For avoidance of doubt, the commission has only established the total amount of funds received and disbursed so far by NELFUND. The impression of diversion and the issue of discrepancies do not exist at this stage; the investigation would have to move into the receiving institutions and persons before any reasonable deductions could be made.”

It was claimed that out of the N100 billion approved for disbursement, about N71.2 billion was unaccounted for, prompting an investigation by the ICPC.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

Tinubu Renames PTDF College After Shehu Musa Yar’Adua

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ptdf college kaduna

By Adedapo Adesanya

President Bola Tinubu has approved the renaming of the Petroleum Technology Development Fund (PTDF) College of Petroleum and Energy Studies, Kaduna, in honour of the late statesman, General Shehu Musa Yar’Adua, in a move aimed at preserving his legacy while strengthening Nigeria’s specialised energy education framework.

The PTDF announced that, following a presidential directive, the institution will now be known as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

In a statement, the Fund said the renaming reflects the federal government’s recognition of Yar’Adua’s contributions to national unity and Nigeria’s democratic evolution.

The late statesman, who died in 1997, was a prominent Nigerian soldier, politician, and businessman. He served as the Chief of Staff, Supreme Headquarters, under General Olusegun Obasanjo’s military administration from 1977 to 1979. He was the elder brother of former Nigerian President Umaru Musa Yar’Adua.

“This historic renaming honours the enduring legacy of the late statesman, General Shehu Musa Yar’Adua, celebrating his profound contributions to national unity and the democratic journey of Nigeria,” the PTDF stated.

The institution, established to develop high-level manpower and technical expertise for Nigeria’s petroleum and energy industries, is expected to continue its academic and research activities without disruption despite the name change.

According to the PTDF, the university will maintain its focus on delivering advanced education, research and technology-driven solutions for the country’s oil, gas and emerging renewable energy sectors.

“The institution remains firmly committed to its mandate of delivering world-class research, specialised training, and cutting-edge engineering technology solutions to power Nigeria’s oil, gas, and renewable energy sectors,” the statement added.

The Fund further assured students, academic partners, industry stakeholders and development institutions that all existing programmes, collaborations and operational activities would continue seamlessly under the university’s new identity.

“All ongoing academic programs, partnerships, and operations continue uninterrupted under this new institutional identity,” PTDF said.

The renaming comes as Nigeria intensifies efforts to build local capacity and technical expertise to support energy transition goals, deepen indigenous participation in the petroleum industry and strengthen research-driven innovation across the energy value chain.

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Airtel Green Schools Initiative Births to Promote Sustainability Education in Nigeria

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By Modupe Gbadeyanka

A sustainability-focused programme known as Airtel Green Schools has been launched by Airtel Africa Foundation, as part of activities to commemorate the 2026 World Environment Day, themed Climate Action.

The initiative will create environmental learning spaces in primary and secondary schools, with the spaces to be branded Airtel Garden.

Already, the company’s 10 adopted schools, located in nine states across the country’s six geopolitical zones, have been onboarded as Green Schools.

Each of the schools now features an Airtel Garden, with dedicated sections for edible crops, fruit trees and shade trees, enabling pupils to learn firsthand about food cultivation, biodiversity and the importance of increasing green cover to help mitigate the effects of climate change.

The gardens also incorporate composting stations where organic waste generated within the school environment can be converted into nutrient-rich compost. To boost circular economy practices, plastic recycling segments have also been built into repurpose common wastes such as plastic bottles and tyres.

The beneficiary schools of the programme include St. George’s Nursery and Primary School, Ipaja, Lagos; Yahaya Primary School, Zaria; Iyeru-Okin Primary School, Iyeru-Okin, Kwara; St. John Primary School, Ijebu Igbo, Ogun State, and Community Primary School, Amumara, Imo State.

Others are Presbyterian Primary School, Ediba, Cross-River; Migrant Farmers Community Primary School, Umuahia, Abia State; Gwange III Primary School, Maiduguri, Borno State; Mayflower Secondary School, Ikenne, Ogun State; and Government Day Primary School, Gombe State.

“We are excited to inaugurate Airtel Green Schools, which are designed to go beyond awareness and create real behavioural change within Nigeria’s school communities.

“Through the Restore, Reduce and Educate pillars, we are equipping young people with practical tools such as gardens, recycling awareness, and environmental learning resources.

“Our goal is to create a replicable Green School model that can be scaled and sustained over time, ensuring that environmental education becomes part of everyday learning for the children in our adopted schools,” the chairman of the foundation, Mr Segun Ogunsanya, stated.

Also speaking, the chief executive of Airtel Nigeria, Mr Dinesh Balsingh, said, “Climate action becomes meaningful when awareness is translated into action. Through the Airtel Garden, we are creating living classrooms where pupils can learn practical lessons about environmental stewardship, sustainable agriculture, waste management and the importance of protecting our planet.

“We believe that empowering young people with these experiences today will help shape a more environmentally responsible generation tomorrow.”

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Ex-UNILAG VC Prof Ogundipe Chairs NUC

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Professor Oluwatoyin Ogundipe

By Modupe Gbadeyanka

A former Vice-Chancellor of the University of Lagos (UNILAG), Prof Oluwatoyin Temitayo Ogundipe, has been appointed as the chairman of the governing board of the National Universities Commission (NUC).

He was chosen for the role by President Bola Tinubu, according to a statement on Monday by the president’s Special Adviser on Information and Strategy, Mr Bayo Onanuga.

Prof Ogundipe succeeds Professor Olufemi Raphael Aina, who resigned his appointment after less than one year in office.

President Tinubu appointed Professor Aina in July last year, and the board members were inaugurated in November 2025.

As NUC Chairman, Prof Ogundipe will oversee the regulatory body of the Nigerian university system, focusing on funding, global competitiveness and academic stability.

He is expected to provide visionary leadership at the NUC and sustain the credibility of the Nigerian university system by advancing quality, access, and integrity in the education sector.

Prof Ogundipe headed the University of Lagos between 2017 and 2022. He is a professor of Botany with expertise in molecular plant taxonomy, biosystematics, ethnobotany, cytogenetics, forensic botany, and ecological conservation.

He holds a PhD in Botany from Obafemi Awolowo University and an MBA from the University of Lagos.

Currently, Prof Ogundipe, 66, serves as Pro-Chancellor of Redeemer’s University, Ede, Osun State.

He is a fellow of several professional bodies, including the Nigerian Academy of Science, the Linnaean Society of London, and the Royal Society of Biology, London. He has also served as President of the Botanical Society of Nigeria and Chairman of the Lagos State Science, Research and Innovation Council (LASRIC).

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