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ICPC begins probe of alleged NELFUND scam involving 51 higher institutions

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND).

This action follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and exploitation related to the NELFUND scheme.

These institutions were alleged to have made unauthorised deductions ranging from N3,500 to N30,000 from each student’s institutional fees received through the loan fund.

Preliminary findings revealed a significant gap in the financial records of the disbursement process. While the Federal Government reportedly released N100 billion for the scheme, only N28.8 billion was disbursed to students, leaving an unaccounted sum of N71.2 billion.

The Commission confirmed that its Chairman’s Special Task Force immediately swung into action upon receiving the report. Letters of investigation and invitations were dispatched to key stakeholders, including the Director General of the Budget Office, the Accountant General of the Federation, and senior officials from the Central Bank of Nigeria.

Additionally, the Chief Executive Officer and Executive Director of NELFUND were invited to provide documentation and explanations relevant to the case. According to the Commission, the responses received were critically analyzed, and interviews were conducted with the concerned individuals.

According to the ICPC, its strength of investigation revealed that the total money received by NELFUND as of March 19, 2023, was N203.8 billion.

“The breakdown showed that N10 Billion was an allocation from the Federation Allocation Account Committee, N50 billion was from the Economic and Financial Crimes Commission, N71.9B was from the Tertiary Education Trust Fund, while another N71.9 billion was also from the same Tertiary Education Trust Fund.”

ICPC, however, found that the total amount disbursed to institutions from inception to date is about N44,200,933,649.00, while a total of 299 institutions have benefited from the funds released.

To date, the total amount disbursed to 299 beneficiary institutions stands at approximately N44.2 billion, with 293,178 students having benefited from the fund.

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.

Education

Fed Poly Nekede, environ under siege, as masked gunmen attack 2 students

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  • Fear grips community over alleged threat letter

There was pandemonium within the vicinity of the Federal Polytechnic Nekede in Owerri West Local Government Area of Imo State on Monday when two students of the institution were allegedly ambushed and attacked on their way back from Owerri Municipality, where they had gone to buy an electricity generating set.

A source close to one of the victims who spoke to our reporter said the two friends were driving back to the school through the Amaeze Obibi-Ezena Road at about 7:30 p.m. on Monday when they saw some people flashing torchlights by the bush side. “They initially thought they were security men and kept driving, but the one on the passenger seat suddenly noticed that those they thought were security men had their faces covered,” the source said.

He continued: “He shouted and told his friend to reverse the car. But as soon as they reversed, the gunmen opened fire and riddled the car with bullets. Fortunately, they escaped unhurt.”

The frightening incident has further fueled reports circulating in the area alleging plans by suspected Fulani herdsmen to launch coordinated attacks on Nekede-where the Federal Polytechnic is located-and neighbouring communities.

Anxiety in the area has intensified due to unconfirmed reports that the gunmen had written a letter to community leaders, demanding a certain amount of money to prevent an imminent attack. It was also alleged that intelligence reports suggest that several armed groups who have infiltrated the area have concluded plans to strike within a specific time frame. These reports further claim that the suspected attackers have been receiving supplies, arms, and ammunition for some time and are being reinforced from outside.

Recall that there have been consistent reports of frightening security challenges in the region, caused by the nefarious activities of gunmen who for a very long time have kidnapped, raped, maimed, and even killed their victims around the FUTO, Ihiagwa, Obinze, Avu, and Oforola axis- all in Owerri West Local Government Area.

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Education

Public Notice: Disclaimer On False School-closure Message In Circulation

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The Federal Ministry of Education hereby informs the general public that a message currently circulating on social media platforms, alleging that schools nationwide have been directed to close from 24th November 2025, is false, misleading, and did not originate from the Federal Government, the Federal Ministry of Education, any State Ministry of Education or any recognized security agency.

The public is strongly advised to rely strictly on verified information issued through the following official channels:

The Federal Government, The Federal Ministry of Education, State Governments and State Ministries of Education Recognised security agencies

Any announcement, advisory, or notice coming from unofficial or unverified sources should be ignored and not shared. Members of the public are urged to always verify the authenticity of information before circulating it in order to curb the spread of misinformation.

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Education

FG orders closure of unity colleges over security concerns

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Due to the resurgence in the abduction of students in schools in some parts of the country, the Federal Government on Friday ordered the closure of 41 unity colleges with immediate effect.

In a statement signed by the Director, Senior Secondary Education, Hajiya Binta Abdulkadir, on behalf of the Honourable Minister, said the closure is to prevent possible breach of security in the listed schools.

The principals of the affected schools were directed to comply without delay.

According to the circular, the affected schools are: FGGC Minjibir, FTC Ganduje, FGGC Zaria, FTC Kafanchan, FTC Dayi, FGC Daura, FGGC Tambuwal, FSC Sokoto, FTC Wurno, FGC Gusau, FGC Anka, FGGC Gwandu, and FGC Birnin Yauri.

Others are FTC Zuru, FGGC Kazaure, FGC Kiyawa, FTC Hadejia, FGGC Bida, FGC New-bussa, FTC Kuta-shiroro, FGA Suleja, FGC Ilorin, FGGC Omuaran, FTC Gwanara, FGGC Bakori, FGC Ugwolawo, FGGC Kabba, FTC Ogugu, FGGC Bwari, FGC Rubochi, FGGC Abaji, and FGGC Potiskum.

Also affected by the immediate closure order are: FGC Buni Yadi, FTC Gashua, FTC Michika, FGC Ganye, FGC Azare, FTC Misau, FGGC Bajoga, FGC Billiri and FTC Zambuk.

An analysis of the list showed that most of the schools affected were in the Northwest, Northeast and North Central.

Only few days ago, some students were abducted from their school in Kebbi and only on Friday scores of students were abducted from another school in Niger State.

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