Nigerian government reviews student loan fund amid fraud allegations, denies large-scale fraud claims.

The Nigerian government is reviewing the operations of the Nigerian Education Loan Fund (NELFund) due to allegations of fraud in student loan disbursements. A multi-stakeholder committee, including vice chancellors, the National Universities Commission, NELFund, and the Ministry of Education, has been formed to assess and improve the disbursement processes. Despite the review, the Minister of Education has denied reports claiming a N71.2 billion fraud, stating that the issues are related to timelines, not fraudulent activities.