NELFUND Debunks Loan Rumors | Nigeria News

Nigeria’s NELFUND boss Akintunde Sawyerr shuts down rumors that the student loan program favors certain groups, stressing its digital, transparent system that only requires your name and student ID—no political checks. He confirms massive demand but insists approvals are strictly merit-based, ignoring gender, tribe, or religion. The fund also debunked fake news claiming President Bola Tinubu threatened jail time for defaulters—a complete hoax. Designed to offer interest-free loans to eligible public university students, the program aims to ease education costs without hidden biases or misinformation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bfb19de9ef5e6d6b