NELFUND debunks claim of life jail term over loan repayment

Author: NwaforPublished on: September 6, 2026Country: Nigeria
PoliticsBusiness & Economy
NELFUND debunks claim of life jail term over loan repayment

The Nigerian Education Loan Fund, NELFUND, dismissed as false a viral publication claiming that President Bola Tinubu approved life imprisonment for students who fail to repay their education loans. NELFUND labeled the information as "fake news" and shared an image of a doctored publication. The Fund also reminded that beneficiaries do not start repayment immediately after graduation, but two years after their national service, provided they are employed.

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