Every Money Recovered By The EFCC From Irregularities Is Now Directed To NELFUND – Tinubu Reveals
In an interview on TVC News on Tuesday, November 10, 2026, President Bola Ahmed Tinubu disclosed that funds recovered by the Economic and Financial Crimes Commission (EFCC) from financial irregularities were being directed to the Nigerian Education Loan Fund (NELFUND) to support the education of Nigerian students.
Tinubu made the revelation while addressing Nigerians during an event in Jigawa State, where he outlined his administration’s commitment to education, poverty reduction and economic development.
Speaking during the interview, Tinubu stated, “Every naira recovered by the EFCC from irregularities is now directed to NELFUND.” He made the statement while highlighting the government’s efforts to expand access to education.
The President explained that NELFUND remained an important instrument in tackling poverty, particularly by providing financial assistance to students facing difficulties in paying for their education.
According to Tinubu, assets recovered through financial irregularities would also be invested in the fund, reaffirming his administration’s commitment to supporting Nigerian students.
He maintained that investing in education was essential to the country’s future, stressing that children must be given opportunities to acquire knowledge and develop the skills needed for national development.
Tinubu also highlighted other government initiatives, including agricultural support, interest-free loans for small-scale farmers and investments in infrastructure.
The President further dismissed calls for the return of fuel subsidy, insisting that government resources must be directed towards sustainable development.
He concluded by reaffirming his commitment to education, describing NELFUND as a weapon against poverty and a means of improving opportunities for Nigerian youths.
COURTESY: Virtue-Graphics
