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Nigerian agency investigates universities and banks over alleged misuse of student loan funds.
Nigerian authorities are investigating allegations of unethical practices by some universities and banks in the disbursement of student loans.
The National Orientation Agency (NOA) claims that these institutions are withholding information about loan disbursements and failing to properly record payments, which are meant to benefit students.
The agency has instructed its state offices to gather feedback from students nationwide to help sanction the involved institutions.
The federal government's student loan policy, which grants interest-free loans, was enacted in June 2023 but has faced implementation issues.
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La agencia nigeriana investiga universidades y bancos por presunto uso indebido de los fondos de préstamos estudiantiles.