Economic and Financial Crimes Commission (EFCC) has revealed “what monetary recoveries are used for”.
The EFCC says, “here is one of them”.
According to EFCC Nigeria: “fifty billion naira allocated to the Nigerian Education Loan Fund, NELFUND, by the Federal Government was sourced from the EFCC’s monetary recoveries? The student loan initiative, a legacy programme of the Bola Tinubu administration, offers financial assistance to students in Nigerian tertiary institutions to cover the cost of their studies, providing a respite to many indigent students and paving the way for their contributions to nation building.”
