Abuja, July 11, 2025 – The Nigerian Education Loan Fund (NELFUND) has commenced loan disbursements to over 3,600 students who have updated their bank account details from digital wallet platforms to commercial bank accounts.
Oseyemi Oluwatuyi, the NELFUND Director of Corporate Communications, disclosed this in a statement on Friday.
He said this development marked a significant breakthrough in resolving earlier disbursement delays.
Oluwatuyi said over 3,600 students who previously registered with digital-only banking platforms had now successfully received their backlog of upkeep payments after updating their details to conventional commercial bank accounts on the NELFUND portal.
He commended the patience and understanding of all affected students during this period, adding that their resilience and cooperation had made this progress possible.
He advised students were yet to receive their upkeep payments and still using digital wallet accounts to raise a support ticket via the official NELFUND portal to request access for updating their bank details.
Alternatively, students may report through the IT office of their institution, which will compile and forward all related cases to NELFUND for resolution.
NELFUND said it remained committed to ensuring that no eligible student is left behind.
“This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centred delivery of our support services,” he said.
“We urge all students to continue engaging only through official NELFUND channels, and to assist peers who may require help navigating the update process.
“Once again, we thank you for your patience and support as we continue working to deliver a more inclusive and reliable student loan,” he said.
