NELFUND, EFCC Seal Landmark MoU to Strengthen Education Financing and Accountability
The Nigerian Education Loan Fund (NELFUND) and the Economic and Financial Crimes Commission (EFCC) have strengthened their institutional partnership with the signing of a Memorandum of Understanding (MoU) aimed at improving transparency, accountability and sustainable financing for tertiary education. The agreement was reached during a high-level engagement between both institutions, with NELFUND Managing Director/Chief Executive, Mr. Akintunde Sawyerr, leading the Fund’s delegation. The partnership opens a new channel for collaboration around funds recovered through EFCC activities, with both institutions exploring how such resources may support NELFUND’s mandate of expanding access to sustainable education financing, subject to applicable laws, regulations and established procedures. The MoU also provides a framework for stronger cooperation in institutional controls, process optimisation and the identification of potential loopholes that could affect the effective management of reso...