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EFCC releases N50b recovered from looters to support student loan

EFCC logoThe Economic and Financial Crimes Commission (EFCC) has supported the Nigerian Education Loan Fund (NELFUND) with N50 billion recovered from looters.

The anti-graft agency announced this in a press statement on Tuesday, following a visit by NELFUND’s head, Akinwunmi Sawyerr, to the EFCC headquarters.

The statement disclosed that the chairman of EFCC, Ola Olukoyede, commended the student loan programme, describing it as a policy issue to tackle corruption.

The EFCC chairman said that many parents’ inability to fund their children’s education had always been a predisposing factor for corruption.

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