The Nigerian Education Loan Fund (NELFUND) has reached out to students eagerly awaiting their August stipends, explaining that the delay is due to essential payment processing procedures.
In a statement released on Thursday, Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, emphasized the organization’s commitment to safeguarding public funds and ensuring they reach the rightful beneficiaries.
“While we acknowledge that this process may cause some inconvenience, it is an essential part of our commitment to maintaining transparency, and accountability, and to continue to uphold the integrity of the student loan programme,” Oluwatuyi stated.
This rigorous process involves conducting necessary security checks, which, though time-consuming, are crucial for the program’s integrity.
The delay, according to Mrs. Oluwatuyi, is not taken lightly, and the fund is working tirelessly to expedite the disbursements. “We therefore ask for your patience and understanding during this period, as we strive to finalize the disbursement with the same level of diligence that has defined our operations thus far,” she reassured.
Furthermore, Mrs. Oluwatuyi praised the proactive feedback from students, noting that their engagement underscores the program’s importance. “We appreciate the feedback from students and are pleased to see the level of engagement and attentiveness in monitoring the progress of the upkeep disbursements,” she mentioned.
In closing, the statement reinforced NELFUND’s unwavering mission to empower Nigerian students and improve access to higher education, a goal that remains at the forefront of their operations.
“This level of involvement reinforces the significance of the student loan program, and we remain dedicated to supporting your educational pursuits, just as we have with previous disbursements,” Oluwatuyi concluded.
