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Student Loan Scams. The Nigerian Education Loan Fund (NELFUND) has released a public disclaimer, urging Nigerians to avoid engaging with 21 fake Facebook pages impersonating the organization.
StartSmart Nigeria gathered that the warning was contained in an official notice signed by Mrs. Oseyemi Oluwatuyi, the Director of Strategic Communications, on behalf of the Fund.
According to the statement, NELFUND listed 21 fraudulent Facebook links presently going viral online. The agency warned that these pages were created to deceive the public by posing as official NELFUND platforms. Student Loan Scams
NELFUND clarified that it operates only one verified Facebook page and shared the official link:https://www.facebook.com/share/16tcS37JMN/?mibextid=wwX1fb
The Fund revealed that any other page claiming to represent the agency is unauthorized and should be reported immediately.
NELFund Urges Public to Avoid Fake Pages
The agency urged Nigerians to avoid following or sharing content from the fake accounts. It also advised the public not to disclose any personal information on such platforms, warning that doing so could expose users to scams, identity theft, or cyber fraud. Student Loan Scams
NELFUND reiterated that all verified information, including student loan updates and application procedures, will only be shared on its official website and approved social media handles.
The Fund also confirmed that it is working with relevant authorities to track and shut down the fake accounts. It called on Nigerians to support these efforts by reporting suspicious pages or misleading content.
To access accurate updates and information about the Nigerian Education Loan Fund, the public is advised to use the following official channels:
- Website: www.nelf.gov.ng
- X (formerly Twitter): @nelfund
- Instagram: @nelfund
- Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND
Full List of Fake NELFUND Facebook Pages
NELFUND identified the following 21 Facebook links as fraudulent:
What You Should Know
As of June 28, 2025, NELFUND has disbursed over ₦73.1 billion in student loans to 366,247 Nigerian students across 206 tertiary institutions since the loan portal launched on May 24, 2024.
Breakdown:
- ₦38.26 billion covered institutional fees
- ₦34.85 billion paid as monthly upkeep to students
Additional data from NELFUND’s Student Loan Disbursement Dashboard shows:
- 647,269 students registered
- 611,018 successful applications, representing a 94% application success rate
Between June 27 and June 28 alone, the platform recorded:
- 1,316 new successful registrants
- 1,387 new successful applications
The report also noted that 105% of new registrants completed their applications during the reporting period, reflecting the improved responsiveness of the loan processing system.
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