• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NANS Protests Alleged Mismanagement Of N100bn NELFund Loans

Blocks Lagos - Ibadan expressway

by Femi Oyeweso
2 months ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

Students under the aegis of the National Association of Nigerian Students (NANS), on Monday, blocked the ever-busy Lagos-Ibadan Expressway to protest against the alleged misappropriation of N100 billion allocated to the Nigeria Education Loan Fund (NELFund) by the Federal Government.

Advertisement

The protest, stagged in the neighbourhood of the Redeemed Christian Church of God (RCCG) Camp, Moowe, Ogun State led to the blockage of both sides of the expressways, resulting in heavy traffic gridlock as the vehicular movements on both sides of the expressway was brought to a halt for more than one hour.

All pleas by security agencies, particularly the Divisional Police Officer (DPO) from the Mowe Division, CSP Afeniforo Folake for the protesting students to leave the expressway fell on deaf ears.

Addressing newsmen, NANS National Vice President, Inter-Campus and Gender Affairs and the Ogun State Chairman of of the association, Akinbodunse Sileola Felicia and Gabriel Abiola Francis, respectively explained that the choice of the Lagos- Ibadan expressway was to impress President Bola Tinubu to take decisive action on the alleged graft discovered in the disbursement of student loans.

The Independent Corrupt Practices Commission and Related Offences (ICPC) had in a statement by its spokesperson, Demola Bakare last Thursday, said the anti-graft agency had launched a comprehensive investigation into discrepancies in the NELFund student loan disbursements.

RELATED

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

2 hours ago
Meet Top 20 Nigerian Techies Driving Innovations In 2025

Meet Top 20 Nigerian Techies Driving Innovations In 2025

2 hours ago

Bakare added that the probe followed reports implicating 51 tertiary institutions in unauthorised deductions of N3,500 to N30,000 from students’ institutional fees funded by NELFund.

While the federal government reportedly allocated N100 billion, only N28.8 billion reached students, leaving N71.2 billion unaccounted for.

But speaking with journalists during the protest on Monday, Gabriel decried “the gross misconduct and humongous corruption” in the disbursement of education loans to students, calling for a presidential probe into the alleged financial recklessness.

He disclosed that the student body had earlier rang the alarm bell and called the attention of the President and the appropriate anti-graft agencies to the alleged unethical practice in the disbursement of the student loans.

He however, expressed dismay that such a laudable initiative by the incumbent administration under the leadership of President Tinubu, to make life easier for the common students has been corrupted and smeared by the so-called “Nigerian factor”.

“Receiving news of the unspeakable atrocities and financial complicity by those saddled with the responsibility of disbursing the student loans, however, instigated NANS to mobilise and block the ever-busy Lagos-Ibadan Expressway, to call on the president to initiate a clinical probe into the NELFund activities since establishment.

“We demand that the presidency should take it upon itself to launch a massive investigation into these financial discrepancies and mismanagement of the fund earmarked for the loan.

“If out of the N100billon released to fund the student loan, N71.2billion cannot be accounted for, that is a huge and stark graft that must be investigated accordingly.

“As a student body, we, hereby, call President Bola Ahmed Tinubu, to take charge and ensure that anyone found culpable in the unethical practices is made to face the music.

“The president should not hesitate to wield the big stick and sanction the erring officials accordingly, irrespective of who is involved. No one should be treated as a sacred cow in this matter, which to us is a national disaster and international embarrassment for our nation.

“Furthermore, we demand that the ICPC should publish the names of the 51 tertiary institutions involved in the unauthorized deductions from the institutional fees funded by NELFund. This is to know the identity of institutions sabotaging efforts put in place to ameliorate the financial burden of our members.

“To us, such tertiary institutions are enemies of progress and anti-student, hence, NANS will not hesitate to declare them perona non grata.

“The blocking of this expressway is not to cause pains for motorists and commuters deliberately, but to goad Mr President into taking decisive action on this anomaly, anathema and wanton corruption going on in NELFund,” he said.

NANS further called on the President not to sit idly, “knowing that the milk formula of the baby his administration birthed is being gulped down by the wet nurses and custodians he put in charge to feed the baby.

“NANS shall not rest on its oars until it sees that justice is served on this matter. We will continue to mobilise our members across the country to vociferously condemn this act of sabotage and brazen corruption”.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: National Association of Nigerian Students (NANS)Nigerian Education Loan Fund (NELFUND)
SendShareTweetShare
Previous Post

Protesters Storm GTBank In Abuja To Demand Release Of Activist VeryDarkMan

Next Post

Ex-VP Atiku Laments VeryDarkMan’s Arrest, Detention, Says It’s Abuse Of Power By Tinubu

Femi Oyeweso

Femi Oyeweso

You May Like

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’
News

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

2025/06/30
Meet Top 20 Nigerian Techies Driving Innovations In 2025
Feature

Meet Top 20 Nigerian Techies Driving Innovations In 2025

2025/06/30
Abia Polls: Igbokwe Distances Self From Petition Against Reps’ Deputy Speaker Kalu
News

Kalu Seeks Debt Cancellation To Ease Africa’s Burden

2025/06/30
ICPC To Appeal Ruling On Yuguda’s Ex-Aide’s Case
News

Aviation Ministry Worker Convicted Over Employment Fraud

2025/06/29
Police Arrest Arrowhead Of Child Theft Syndicate, Rescue 12 Minors 
News

Police Arrest Arrowhead Of Child Theft Syndicate, Rescue 12 Minors 

2025/06/29
Despite Threats Of Reprisal, South East Calm
News

Soldiers Kill Terrorist Kingpin Mai Dada, Recover Weapons

2025/06/29
Leadership Conference advertisement

LATEST

June 12: Dangiwa Umar Reacts To National Honour By Tinubu, Reveals 38 Other ‘Unsung Heroes’

Meet Top 20 Nigerian Techies Driving Innovations In 2025

Kalu Seeks Debt Cancellation To Ease Africa’s Burden

Aviation Ministry Worker Convicted Over Employment Fraud

Police Arrest Arrowhead Of Child Theft Syndicate, Rescue 12 Minors 

Abakaliki FC In Minor Road Accident After Federation Cup Defeat

CWC: PSG Thrash Lionel Messi’s Inter Miami 4-0, Advance To Quarterfinals

Soldiers Kill Terrorist Kingpin Mai Dada, Recover Weapons

Abducted Benue Links Bus Passengers Regain Freedom After 1 Week In Captivity

Okunbo Foundation Expands Artistic Opportunity In Nigeria

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.