The National Open University of Nigeria (NOUN) has approved the disbursement of funds under the Nigerian Education Loan Fund (NELFUND) to the e-wallets of students who applied for the loan scheme.
The approval, granted by the Vice-Chancellor, Prof. Uduma Oji Uduma, covers a total of 90 beneficiaries. According to an internal memo dated February 27, 2026, and signed by the Registrar, Mr. Oladipo Ajayi, a total of N13,780,250.00 has been cleared for release.
The memo stated: “In view of the foregoing, the Vice-Chancellor is respectfully requested to grant approval and direct the Bursar to disburse the stated amount to the respective e-wallets of the attached list of 90 students who applied for the loan.”
Following this request, the Vice-Chancellor approved the disbursement, paving the way for the funds to be credited directly to the students’ e-wallet accounts under the NELFUND scheme.
