Reps warn participating institutions against manipulating NELFUND loans

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Reps warn participating institutions against manipulating NELFUND loans

AI Summary

Nigerian lawmakers warned institutions participating in the NELFUND student loan scheme against mishandling or manipulating funds. Potential consequences for deliberate non-compliance include suspension, recovery of funds and referral to law enforcement.

Lawmakers said some beneficiary institutions failed to administer NELFUND funds properly, warning that deliberate non-compliance could lead to suspension from the scheme, fund recovery, and referral to law enforcement agencies. The post Reps warn participating institutions against manipulating NELFUND loans appeared first on Premium Times Nigeria.

World Politics Markets Nigeria NELFUND student loans fund oversight lawmakers institutional compliance

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