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The Economic and Financial Crimes Commission (EFCC) has donated N50 billion to the Nigerian Education Loan Fund (NELFUND) from proceeds of crime¹.
This initiative, part of President Bola Tinubu's administration, aims to support the education of indigent students¹.
During a courtesy visit to the EFCC headquarters, NELFUND's Managing Director, Mr. Akintunde Sawyerr, expressed gratitude for the donation and emphasized the importance of transparency in managing the funds¹.
EFCC Chairman, Ola Olukoyede, highlighted that the lack of educational support is a major factor driving youth into financial crimes and praised the initiative as a policy against crime¹.
Olukoyede also stressed the need for NELFUND to provide regular reports on fund disbursement to ensure the money is not misappropriated¹.
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Sources:
(1) EFCC donates N50bn crime proceeds to NELFUND - Punch Newspapers.
(2) EFCC donates N50bn crime proceeds to NELFUND — Edugist.
(3) Student Loan: EFCC Donates N50 Billion Crime Proceeds to NELFUND.
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