EFCC Chairman Tasks House Reps to Make NELFund a Model

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has tasked the House of Representatives to join hands with the EFCC to make the Nigerian Education Loan Fund (NELFund) a model that works. Olukoyede gave the charge during a meeting with members of the House Committee on Students Loans, Scholarships, and Higher Education Financing.

The EFCC Chairman emphasized the importance of collaboration between the EFCC and the National Assembly to ensure the success of NELFund. He noted that the Commission has provided N50 billion as seed funding for the scheme, which is a significant achievement for the current administration. Olukoyede stressed that the EFCC is committed to preventing corruption and ensuring that public funds are applied responsibly and accountably.

Olukoyede highlighted the impact of NELFund on young Nigerians, stating that it has provided access to higher education for many students who would otherwise have been unable to afford it. He urged the House Committee to work with the EFCC to strengthen the processes and ensure that the scheme is implemented effectively.

The EFCC Chairman announced that the Commission will establish a NELFund Desk to enable swift information sharing and action. This will facilitate collaboration between the EFCC and NELFund and ensure that any issues or concerns are addressed promptly.

The Chairman of the House Committee on Students Loans, Scholarships, and Higher Education Financing, Honourable Ifeoluwa Ehindero, expressed the Committee's commitment to partnering with the EFCC to ensure that NELFund is implemented effectively and transparently. He noted that the Committee recognizes the pivotal role of the EFCC in ensuring that public funds are applied responsibly and accountably.

The meeting between the EFCC and the House Committee on Students Loans, Scholarships, and Higher Education Financing highlights the importance of collaboration between government agencies and the National Assembly in ensuring the success of public programs like NELFund. The EFCC's commitment to preventing corruption and promoting transparency in the implementation of NELFund is a step in the right direction.