University Ilorin receives N201m education loan for 1,370 students

The Nigerian Education Loan Fund (NELFUND) has given the University of Ibadan N201,114,650 for 1,370 students enrolled for the 2023–2024 academic year.

This was verified by Mrs. Joke Akinpelu, the university’s director of public relations, to the News Agency of Nigeria on Tuesday in Ibadan.

The funds were deposited into the institution’s account to cover the costs of the 1,370 students who applied for the loan, according to an internal memo dated August 9 but cited by NAN on Tuesday.

The memo, signed by the institution’s Registrar, Mr Ganiyu Saliu, and addressed to Dean of Students, said that the bursary department was currently processing the fund to enable the concerned students obtain ‘smart receipt’.

“Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.

“To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor Academics, providing their account details for the refund.

“A photocopy of the original payment receipt must be attached to each application,” the memo, entitled: ‘Re: Nigerian Education Loan Fund (NELFUND)’, stated.

According to the registrar, the information is only for those who applied for the NELFUND loan and whose applications were approved.