The Nigerian Education Loan Fund (NELFUND) has debunked reports claiming that beneficiaries of its student loan scheme could face life imprisonment for failing to repay their loans.

NELFUND described the claim as false and misleading.

The agency urged students and the general public to disregard the report.

NELFUND said beneficiaries should rely on official information for accurate details about the student loan programme and repayment process.

The clarification comes amid growing discussions about the terms and conditions attached to Nigeria’s student loan scheme.

What NELFUND Says

NELFUND has made it clear that there is no provision for a life jail term over student loan repayment.

Beneficiaries are encouraged to understand their repayment obligations and follow the official guidelines provided by the agency.

GistZone will continue to bring readers the latest updates on the NELFUND student loan scheme.