NELFund Warns Against Fake Student Loan Website

The Nigerian Education Loan Fund has issued a warning regarding a misleading advertisement promoting a ‘Federal Study Loan.’ This caution follows the appearance of advertisements on various news platforms directing individuals to the website as the application portal for the Federal Government’s student loan program.

In a statement released on Friday by Nasir Ayitogo, the Media and Public Relations Lead of the organization, a disclaimer was issued stating, “NELFUND wishes to make it clear that it has no affiliation with this website and strongly condemns any efforts to mislead students seeking financial assistance.” Ayitogo further emphasized that the official platform for student loan applications through the Fund will be made public in due course, accessible via

He, therefore, appealed to persons who encounter the fake website to report it to the authorities immediately.

“NELFUND takes the security and well-being of our students very seriously and is committed to providing accurate information and resources for financing their education.

“We urge all students to exercise caution and verify the legitimacy of any website or service claiming to represent our organisation.

In the meantime, we encourage anyone affected by this scam to report it immediately to the relevant authorities,” the statement read.

It will be recalled that on April 3, President Bola Tinubu signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

This followed separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.

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