NELFUND: SAN repays N2m 1970 student loan
The Nigerian Education Loan Fund on Friday said it received a N2 million refund from a Senior Advocate of Nigeria and former beneficiary of the defunct Federal Government Student Loan Scheme in the 1970s, Adegboyega Awomolo.
According to a statement released by the Fund which was signed by its Directorate of Corporate Communications, Awomolo, who used the loan to complete his law degree at the University of Ife (now Obafemi Awolowo University), Ile-Ife, Osun State; expressed gratitude for the opportunity, and commended NELFUND’s transparency and accountability in managing student loans.
This repayment is the second in recent weeks, following a N3,189,000 refund by former lawmaker, Lanre Laoshe.
The Funds, according to the statement, will be used to support current students in need of financial assistance.
“The Nigerian Education Loan Fund is pleased to announce the receipt of the sum of N2,000,000 (two million naira) through a bank draft, given by Asiwaju Adegboyega Solomon Awomolo, SAN, a distinguished Senior Advocate of Nigeria and former beneficiary, in the 1970s, of the defunct Federal Government Student Loan Scheme.
“Mr Awomolo, who benefitted from the loan during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) in the 1975/1976 and 1976/1977 academic sessions, has demonstrated his unwavering commitment to the nation by repaying the loan in full.”
