President Bola Ahmed Tinubu has directed that funds recovered by the Economic and Financial Crimes Commission, along with unclaimed dividends and dormant account balances, be allocated to the Nigerian Education Loan Fund (NELFUND). While the move is seen as a positive step for education funding, legal experts have raised concerns about the legality of using such funds. Recovered proceeds of crime and unclaimed dividends are subject to different legal frameworks, and the article questions whether the directive complies with existing laws.
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