The Traffic

EFCC Boosts Student Loan Fund with N50 Billion Recovered from Looters

In a groundbreaking move, the Economic and Financial Crimes Commission (EFCC) has released N50 billion recovered from looters to support the Nigerian Education Loan Fund (NELFUND). This significant contribution aims to empower students and tackle corruption by addressing one of its root causes: financial struggles.

During a visit to the EFCC headquarters, NELFUND's head, Akinwunmi Sawyerr, met with EFCC Chairman Ola Olukoyede, who praised the student loan program as a vital tool in combating corruption. Olukoyede highlighted the significance of education funding, noting that many parents' inability to support their children's education often leads to corrupt practices.

By injecting N50 billion into NELFUND, the EFCC is helping to create a more equitable education system, where financial constraints no longer hinder students' academic pursuits. This collaboration marks a crucial step towards fostering a corruption-free society, where education is accessible and empowered individuals can thrive.

The EFCC's commitment to supporting NELFUND underscores the agency's dedication to tackling corruption from multiple angles. By addressing the financial burdens that often drive corrupt behavior, the EFCC is working to create a brighter future for Nigeria's youth and promoting a culture of integrity and transparency.