News
Student Loan: 1,370 UI Students Received N201million School Fees
The University of Ibadan has acknowledged the receipt of a total sum of N201,114,650 as school fees for 1,370 students for the 2023/2024 Academic session.
The money, which was paid directly into the University account was for the students who applied for the student loan through the Nigerian Education Loan Fund (NELFUND) initiative of the federal government.
In a leaked viral memo from the registrar, Ganiyu Saliu to the Dean of Students’ Affairs, the institution assured that any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.
The memo which was sighted by The Nation was also confirmed by a source who pleaded not to be quoted.
“The Nigerian Education Loan Fund (NELFUND) has remitted the sum of Two Hundred and One Million, One Hundred and Fourteen Thousand, Six Hundred and Fifty Naira (N201,114,650.00) Only to the University Account for the 2023/2024 Academic Session.
“This amount is to cover the fees of One Thousand, Three Hundred and Seventy (1,370) students of our University who applied for the NELFUND loan.
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