The Congress of University Academics (CONUA) has called on the Federal Government to urgently investigate universities and vice-chancellors accused of mismanaging funds disbursed through the Nigerian Education Loan Fund (NELFund), intended to support students enrolled in the scheme.
In a statement released on Tuesday and signed by its National President, Dr. Niyi Sunmonu, CONUA emphasized the need for transparency and accountability in the administration of the student loan programme. The union demanded that any institutions and leaders found guilty of wrongdoing be publicly named and appropriately sanctioned.
“We are deeply troubled by reports that some universities have either denied receiving NELFund disbursements on behalf of students or have diverted the funds into interest-generating accounts,” the statement read. “Such actions are not only unethical but also undermine a well-intentioned initiative aimed at expanding access to higher education and easing the financial burden on Nigerian families.”
CONUA, a breakaway union from the Academic Staff Union of Universities (ASUU), condemned what it described as a betrayal of trust by academic administrators. “It is disheartening that while the government is making efforts to promote equity in education, some university leaders are allegedly sabotaging these efforts for personal gain,” the group noted.
The union stressed that the allegations should not be overlooked. “The failure to name and shame those involved only emboldens impunity,” it added. “Universities should stand as beacons of integrity, yet these reports reflect a disturbing erosion of ethical standards in institutions tasked with shaping the next generation of leaders.”
To prevent further abuse of the loan scheme, CONUA called for an immediate, independent investigation of all implicated universities and individuals. It also urged anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC), to step in and ensure justice is served.
Furthermore, the union advocated for the establishment of monitoring teams made up of key stakeholders to oversee the disbursement and use of student loans in universities. It also emphasized the need to educate students on their rights and shield them from any form of financial exploitation by school authorities.
CONUA concluded by reaffirming its commitment to upholding transparency, justice, and equity within Nigeria’s higher education sector. “Restoring integrity in our universities is essential to achieving national development and prosperity,” the statement read.
