The Nigerian Education Loan Fund (NELFUND) has dismissed as “fake news” a circulating image claiming that President Bola Tinubu had announced life imprisonment for students who fail to repay their education loans after graduation.
In a post on its official X account on Sunday, NELFUND shared the doctored image, which purportedly showed the front page of The Daily Tribune dated Thursday, May 27, 2027, and urged the public to disregard the claim.
The headline read in part, “Tinubu: All students who fail to repay their loan after graduation will go to jail for life.”
The Fund, however, stamped the purported paper with a large red “FAKE” overlay, insisting that the claim was false.
NELFUND has previously issued clarifications dismissing fabricated circulars, notices about suspended upkeep payments and false claims that beneficiaries must begin repayment while still in school or shortly after graduation.
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The Fund was established under the Student Loans (Access to Higher Education) Act, signed into law by President Tinubu and re-enacted in 2024.
NELFUND has in the past issued clarifications dismissing fabricated circulars and notices claiming that upkeep payments had been suspended, as well as false reports that beneficiaries were required to begin repaying their loans while still in school or shortly after graduation.
The Fund was established under the Student Loans (Access to Higher Education) Act,...
The Nigerian Education Loan Fund (NELFUND) has dismissed as “fake news” a circulating image claiming that President Bola Tinubu had announced life imprisonment for students who fail to repay their...