ICPC finds no discrepancies in student loan disbursement, investigation shifts to beneficiaries
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has clarified that no discrepancies or diversion of funds have been established in the administration of the Federal Government’s student loan scheme.
In a statement released Monday, the Commission said it has so far only verified the total funds received and disbursed by the Nigerian Education Loan Fund (NELFUND). “For the avoidance of doubt, the impression of diversion and the issue of discrepancies do not exist at this stage,” the ICPC noted.
The Commission announced that the next phase of its investigation will focus on institutions and individual student beneficiaries to determine how funds were utilized after disbursement and whether any irregularities occurred.
Here is the correction VIA ICPC:
We admit that this is not the case, indeed we accept that the same part of the sentence also contradicted the whole paragraph.
The paragraph ought to read: *The ICPC confirmed that a clear case of discrepancies has NOT been established in the administration of the student loan scheme and announced that its investigation will now extend to beneficiary institutions and individual student recipients*
For avoidance of doubts, the Commission has only established the total amount of funds received and disbursed so far by NELFUND.
The impression of diversion and the issue of discrepancies do not exist at this stage; the investigation would have to move into the receiving institutions and persons before any reasonable deductions could be made.
It is hereby reiterated that the commission does not engage in media trials nor does it usurp the power of the judiciary to indict persons or organisations.
The general public is urged to exercise patience as thorough investigations require time and ample resources. However, persons with information of value are encouraged to reach out to the Commission through info@icpc.gov.ng
The earlier error, though already corrected on our Website, is regretted. Our investigations are still ongoing, and there are no indictments yet!
Demola Bakare fsi anipr.