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Key takeaways
- The Nigerian Education Loan Fund (NELFUND) has recently issued stringent operational guidelines aimed at preserving the integrity of its student loan scheme.
- With a focus on eradicating fraudulent practices in tertiary institutions, these new measures are designed to protect students and ensure responsible management of funds.
- Key Highlights of NELFUND’s Guidelines - Zero Tolerance for Fraud : NELFUND warns that any tertiary institution found guilty of falsifying student records or colluding with students to secure loans fraudulently will face severe sanctions.
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