The Governing Council of the University of Abuja UNIABUJA has firmly denied allegations of diversion of funds linked to the Nigeria Education Loan Fund NELFUND. In an official statement, the council described the claims as unfounded and misleading, insisting that institutional financial processes remain transparent and compliant with regulatory frameworks.
University authorities clarified that NELFUND allocations are managed through established oversight mechanisms, including internal audits and external verification procedures. According to the council, no evidence supports assertions of misappropriation, and all financial transactions are subject to due process.
The statement emphasized the university commitment to accountability and prudent resource management. Administrators explained that the NELFUND initiative is designed to expand access to higher education by supporting eligible students through structured loan schemes. They reaffirmed that disbursement and reporting processes adhere strictly to federal guidelines.
The controversy emerged amid broader national scrutiny of public funds utilization in tertiary institutions. Education policy experts note that heightened transparency expectations have led to increased monitoring and investigative reporting across universities.
UNIABUJA management called on stakeholders to verify information before drawing conclusions. Officials warned that unsubstantiated allegations could undermine institutional reputation and create unnecessary anxiety among students and parents.
Student representatives have requested clearer communication channels to ensure ongoing updates regarding loan implementation. Analysts argue that proactive public disclosure and digital transparency tools can strengthen trust between institutions and beneficiaries.
The Governing Council concluded by reiterating readiness to cooperate with any lawful inquiry. It urged the public to rely on verified data while reaffirming commitment to delivering quality education through accountable financial management.
