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 resources.

For NELFUND, the development is significant as the Fund continues to implement its student financing mandate and work with government institutions to strengthen the systems supporting its programmes.

The NELFUND delegation included the Executive Director, Operations, Mr. Mustapha Iyal, alongside Dr. Zino Ugboma, Director, Human Resources; Hajiya Lami Suwaid, Director, Loan Allocation & Distribution; Ms. Oluwatosin Sanusi, Head, Investment & Fund Management; Mr. Tolutayo Olajolo, Head, Facility & Fleet Management; Mrs. Chekwube Okwara, Head, Anti-Corruption and Transparency Unit; Mr. Akeem Lawal, Consultant on Anti-Corruption; Mrs. Tobechukwu Rapu-uneanya, Manager, Legal; and Mr. Daniel Adeniran, Assistant Manager, Strategic Communications.

Following the engagement, Sawyerr and Iyal also participated in a brief radio interview at the EFCC Radio Station, where they discussed the significance of the meeting, the newly signed MoU and the importance of inter-agency collaboration.

The partnership is expected to reinforce institutional safeguards, promote greater accountability and improve cooperation between both agencies as they explore areas of mutual interest.

NELFUND said the engagement reflects its commitment to strategic partnerships and stronger institutional systems as it continues working towards expanding access to education financing for Nigerian students.

Comments

Post a Comment

Popular posts from this blog

BREAKING NEWS!! Politically Motivated Falsehood on Certificate Forgery Suffers Setback as Class of 1985 Graduating Students Releases Original List

Image
...Classmates Warn Against Defamation, Vow to Take Action In Defence of Chief Uche Nnaji’s Academic Integrity The persistent and politically motivated allegation of certificate forgery against the Honourable Minister of Innovation, Science and Technology, Chief Uche Nnaji , has suffered a definitive setback, following the release of the original copy of the 1985 graduating list of the Department of Microbiology, University of Nigeria, Nsukka (UNN) , which clearly bears his name — “Nnaji Uchenna G.” The authentic document, made available by members of the 1985 graduating class , contains the full list of students who completed their studies that year, alongside the names of the academic leaders who supervised their final academic session. It stands as incontrovertible evidence that Chief Nnaji duly graduated from the University of Nigeria, Nsukka — a fact that completely dismantles the malicious forgery claims that have circulated in the public domain. Department of Microbiology U...
Read more

Democracy In Action: Jubilation in New Haven Market As Traders Elect New Leadership In a Free and Fair Process Led by Hon. Dr. Chinedu Mbah

Image
  Excitement and jubilation swept through New Haven Market, Enugu, on Thursday as traders turned out in large numbers to participate in a peaceful and transparent election that produced a new set of market executives, in what many described as a shining example of the Enugu State Government’s commitment to fairness, grassroots democracy, and non-interference in market leadership affairs. The election, which was conducted in a calm and orderly atmosphere, was supervised by the Senior Special Assistant to the Governor of Enugu State on Market Liaison, Hon. Dr. Chinedu Mbah, who led a government delegation to the market to ensure that the process was credible, transparent, and reflective of the will of the traders. At the end of the exercise, Mrs. Obieze Kenechukwu emerged as the duly elected  Chairperson of the New Haven Market through option A4 electoral pattern, alongside other officials elected into key executive positions including the Vice Chairman, Secretary, Public Relati...
Read more

BREAKING: Enugu Commissioner Appointed City Boy Movement Women Leader

Image
   Enugu Commissioner IV, Local Government Service Commission, Amb Mrs Amaka Nweke JP, has been appointment the State Women Leader of the City Boy Movement in Enugu State. The appointment, effective February 24, 2026, was confirmed in a letter dated March 2, 2026, from the Office of the National Women Leader, signed by Shoga Francis Oluwatosin, Director General of the Movement. Mrs. Nweke will coordinate women’s structures across state, local government, and ward levels, mobilize women for civic and political engagement, mentor emerging female leaders, implement national directives, and oversee advocacy initiatives. She is also tasked with maintaining membership records, submitting monthly reports, and upholding the Movement’s values and code of conduct. Ambassador Nweke will work with her deputy, Engr. Onyinye Akubuilo-Okpalanma who currently serves as SSA to the Governor of Enugu State on SDGs & State Coordinator of AUDA-NEPAD Following her appointment, Amb. Mrs. Amaka J...
Read more