By Rita Enemuru, Reporting
NIGERIAN Premier University, University of Ibadan (UI) disclosed on Monday that it has received N201 million from the Nigerian Education Loan Fund (NELFUND) for students who registered for the loan in the 2023/2024 academic session.
This was disclosed in a circular signed by the Registrar, Mr Ganiyu Oke Saliu and obtained by Stonix News on Tuesday.
According to the circular, NELFUND remitted a total of N201,114,650 for the school fees of 1,370 student that registered for the loan.
In this vein, the institution announced that the beneficiaries of the loan who had already paid the school fees are entitled to a refund by writing through the Dean of Students to the Deputy Vice-Chancellor, Academic.
The circular read thus: “The Nigerian Education Loan Fund (NELFUND) has remitted the sum of Two Hundred and One Million, One Hundred and Fourteen Thousand, Six Hundred and Fifty Naira (N201,114,650.00) Only to the University Account for the 2023/2024 Academic Session.
“This amount is to cover the fees of One Thousand, Three Hundred and Seventy (1,370) students of our University who applied for the NELFUND loan.
“The Bursary Department is currently processing the fund to enable the concerned students to obtain Smart Receipt
“Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.
“To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their account details for the refund. A photocopy of the original payment receipt must be attached to each application.
“Please note that this information is applicable ONLY to students who applied for the NELFUND loan, and whose applications were approved.”
The UI circular
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