NELFUND responded by clarifying that the lack of South-East institutions on the list was due to their failure to meet the necessary requirements for loan access.
The organization said that geographic location does not influence the loan distribution process.
NELFUND stated that it had issued a verification request to all eligible institutions, and only those that responded received payments.
They urged South-East institutions to complete their verification to enable their students to benefit from the programme.
NELFUND said:
“It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement.
“Payments are being made to institutions that have responded to this verification. Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme.”
STAY WITH IGBERE TV. AFRICA’S NO1 COMMUNITY TV.
