Nigerian President Bola Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to recover funds and unclaimed dividends, redirecting them toward student loans. The move comes as the Nigerian Education Loan Fund (NELFUND) commends the administration for prioritizing educational investment.
The directive aims to improve access to higher education by utilizing recovered assets for loan programs. NELFUND highlighted the importance of this initiative in supporting students financially. The EFCC has been active in recovering illicit funds, and this allocation marks a new use for those resources.
The policy reflects a broader effort to address financial crimes and reinvest in public welfare. Officials emphasize transparency in fund distribution. No details on the exact amount or timeline were provided.
The decision aligns with Tinubu’s administration goals of economic reform and social development.
