The Nigerian Education Loan Fund has clarified that geopolitical zones will not influence the disbursement of its funds.
This came after NELFUND shared that it had released the sum of N2.94bn to 19 universities for 27,667 students.
The list revealed that universities in the South-East and South-South regions were not included among the beneficiaries, sparking criticism from some Nigerians.
Meanwhile, in a statement shared via its verified X handle, the agency stated that it had sent a verification list to every institution eligible for disbursement and payments are being made to institutions that have responded to the verification.
It explained that NELFUND have not received any response from the institutions in the South-East, urging them to complete the verification process so that their students can benefit from the scheme.
Meanwhile, the Head of Corporate Communications, NELFUND, Oseyemi Oluwatuyi, acknowledged the receipt of N50bn from recovered proceeds of crime from the Economic and Financial Crimes Commission.