The Nigerian Education Loan Fund has dismissed as false and misleading circulating online reports alleging that the Federal Government has suspended students’ upkeep allowance payments under the student loan scheme.
“The Nigerian Education Loan Fund wishes to categorically refute and condemn the false and misleading publications currently circulating across social media and online platforms alleging that the Federal Government has suspended students’ upkeep allowance payments under the student loan scheme.
“These reports, including a fabricated statement falsely attributed to NELFUND and an AI-generated newspaper front page purportedly from The Nigerian Tribune, are entirely FAKE, misleading, and designed to create panic, confusion, and distrust among beneficiaries and the general public,” the statement read.
NELFUND stressed that “No directive has been issued by the Federal Government or NELFUND regarding the suspension of upkeep allowances.”
It further clarified that the circulating materials did not originate from any official channel of the fund or any authorised government communication platform.
The agency also addressed the viral newspaper image being shared online, stating that it is not genuine.
Reaffirming its position, the fund said it remained committed to the continued disbursement of student loans and upkeep allowances in line with its mandate, emphasising transparency and efficiency in its operations.
Beneficiaries, stakeholders, and members of the public were urged to disregard the false reports and rely strictly on verified information issued through official communication channels.