The Economic and Financial Crimes Commission has released N50bn to support the Nigerian Education Loan Fund.
This was disclosed by the anti-graft agency on Tuesday, August 13, 2024, when the Fund’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr, led his management team on a courtesy visit to the EFCC headquarters in Abuja.
While Sawyerr noted that the Fund, an initiative of the President Bola Tinuu-led administration, was designed to provide funding for the education of indigent students, he lamented the poor development of youths in the nation’s education sector.
The statement obtained on the FCC’s website partly read, “He (Sawyerr) appreciated the EFCC for the N50 billion injected into NELFUND from the proceeds of crime recovered by the commission.”
