The Economic and Financial Crimes Commission (EFCC) has said the over N50 billion recovered from fraudsters in 2024 was among the funds invested into the Nigerian Education Loan Fund (NELFUND).
According to report, this information is based on the EFCC’s 2024 statistical report made available to reporters yesterday in Abuja.
It also added that NELFUND was established through the Students Loans (Access to Higher Education) Act, 2024, signed into law by President Bola Ahmed Tinubu on April 3, last year.
The initiative is a programme established by the Federal Government of Nigeria to break financial barriers in higher education.
In its report, the anti-graft agency described its activities in 2024 as its greatest achievements, especially its largest single-year asset recovery since its establishment in 2003.
