The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has refuted claims that it possesses files implicating President Bola Tinubu or his close aides.
In a statement issued by ICPC spokesperson Azuka Ogugua, the commission described such reports as unfounded and urged the public to disregard them.
Meanwhile, the Nigerian Education Loan Fund (NELFUND) has reported disbursing over N110 billion in student loans to beneficiaries across the country.
According to NELFUND Managing Director Akintunde Sawyerr, approximately 60% of the funds cover tuition fees, while the remaining 40% support students’ upkeep.
However, the student loan scheme has faced criticism from various stakeholders.
The Centre for Anti-Corruption and Open Leadership (CACOL) highlighted concerns about stringent eligibility criteria, including income caps and guarantor requirements, which may exclude many needy students.
Additionally, the scheme’s focus on tuition fees overlooks other educational expenses, potentially burdening students further.
President Tinubu has defended the student loan initiative, describing it as part of his administration’s anti-corruption efforts.
He emphasized that providing financial support for education addresses root causes of corruption by reducing poverty and promoting equal opportunities.
Despite these assurances, civil society organizations like the Education Rights Campaign (ERC) have expressed skepticism about the scheme’s effectiveness and sustainability.
They advocate for converting the loans into grants and increasing budgetary allocations to education.