The management of University of Ibadan has confirmed the remittance of over N201 million into its account by the Nigerian Education Loan Fund.
A memo addressed to the Dean of Students by the Registrar of the institution, Ganiyu Saliu, said the amount is to cover the fees of 1,370 students of the university who applied for the NELFUND loan.
He said the bursary department is currently processing the fund to enable the concerned students to obtain smart receipt.
According to the Registrar, 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 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.
“The Bursary Department is currently processing the fund to enable the concerned students to obtain Smart Receipt.
“Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund. To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their account details for the refund. A photocopy of the original payment receipt must be attached to each application.
“Please note that this information is applicable ONLY to students who applied for the NELFUND loan, and whose applications were approved,” Saliu said.
