Tunji Alausa, Minister of Education, says Lateef Fagbemi, Attorney-General of the Federation and Minister of Justice, will review relevant laws to facilitate the transfer of recovered funds to the Nigeria Education Loan Fund (NELFUND).
This follows President Bola Tinubu’s directive that all funds recovered by the Economic and Financial Crimes Commission (EFCC) be channelled to the student loan scheme.
Speaking on Wednesday during a press briefing at the State House shortly after the federal executive council (FEC) meeting, Alausa had said FEC also approved that all other unclaimed dividends in the Capital Market Trust Fund and Dormant Account Trust Fund be channelled to NELFUND in a bid to expand its reach.
In a statement on Monday by Ikharo Attah, his media aide, Alausa said the AGF is already working with the ministries of finance and education and other relevant institutions to establish the modalities for implementation.
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