Every Money Recovered By The EFCC From Irregularities Is Now Directed To NELFUND -Tinubu Reveals

President Bola Ahmed Tinubu has disclosed that money recovered by the Economic and Financial Crimes Commission (EFCC) from financial irregularities is being channelled into the Nigerian Education Loan Fund (NELFUND) to provide financial support for students across the country.

The President made this revelation during an interview with TVC News on Tuesday, November 10, 2026, while speaking about his administration’s efforts to improve access to education, reduce poverty and promote economic growth.

Tinubu, who addressed Nigerians during an event in Jigawa State, explained that funds recovered through the EFCC’s activities were being redirected towards initiatives capable of improving the lives of ordinary citizens, particularly young Nigerians seeking educational opportunities.

Emphasising the government’s approach to managing recovered public funds, the President stated, “Every naira recovered by the EFCC from irregularities is now directed to NELFUND.”

According to him, the decision reflects his administration’s determination to make education more accessible, especially for students whose financial circumstances might otherwise prevent them from continuing their studies.

The President described NELFUND as an important part of the government’s strategy to tackle poverty through education. He noted that providing financial assistance to students would help reduce the burden of educational expenses on families while allowing more young people to pursue their academic ambitions.

He further indicated that recovered assets arising from financial irregularities would also be channelled towards supporting the education fund. This, he explained, would strengthen the government’s efforts to invest in the future of Nigerian youths.

Tinubu maintained that education remains one of the most important foundations for national development, stressing that children and young people must have opportunities to acquire knowledge, develop valuable skills and contribute meaningfully to society.

Beyond the education sector, the President also highlighted other programmes introduced by his administration to improve living conditions and stimulate economic activities across the country.

Among the initiatives he mentioned were agricultural interventions, interest-free loans for small-scale farmers and investments in infrastructure. He explained that such programmes were designed to support productive activities, improve livelihoods and create opportunities for economic advancement.

Reaffirming his administration’s position on education, the President described NELFUND as a powerful instrument for fighting poverty and expanding opportunities for young people.

Click on the link to watch the video from 13:47 – 14:03

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