President Bola Tinubu has directed that all liquid funds recovered by the Economic and Financial Crimes Commission (EFCC) be channelled into the Nigerian Education Loan Fund (NELFund) to boost student loan financing. The Minister of Education, Dr Maruf Tunji Alausa, disclosed this after the Federal Executive Council meeting in Abuja. The directive applies strictly to recovered liquid cash, not seized physical properties. Additionally, unclaimed dividends from the Capital Market Trust Fund and funds from the Dormant Account Trust Fund will also be directed to NELFund, subject to legal frameworks.
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