ICPC probes ‘discrepancies’ in student loan disbursements

The Independent Corrupt Practices Commission (Icpc) Has Commenced A Comprehensive Investigation Into Allegations Of Illegal Deductions In The Disbursements Of Students Loan Scheme.

Following The Commission’s Announcement On Thursday, The Federal Ministry Of Education Has Also Stepped Into The Matter As A Meeting Is Scheduled For May 6 With The Vice-Chancellors Of The Affected Institutions And Managing Director Of Nelfund.

The Icpc Investigation Followed Reports That Some Beneficiary Institutions Conducted Illegal Deductions And Exploited Students Of Loan Funds With About =N=71billion Alegedly Unaccounted For Out Of Over =N=100billion Released For The Scheme.

The Investigation, The Body Noted, Will Extends To Nelfund, Beneficiary Institutions And Individual Student Recipients Promising That It Will Diligently Get To The Root Of Matter. 5. Meanwhile, Nelfund’s Director Of Strategic Communications, Mrs. Oseyemi Oluwatuyi On Thursday In Abuja Denied Any Discrepancies In The Disbursement Of The Student Loan Scheme.