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NELFUND Disburses ₦86bn To 449,000 Beneficiaries

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The Nigerian Education Loan Fund (NELFUND) has announced the disbursement of ₦86 billion to 449,000 students, selected from a total of 735,000 applications submitted under its student loan scheme.

 

NELFUND Managing Director, Akintunde Sawyerr, in an interview today, detailed the scope of the loan programme and its daily growth.

“As of this morning, 742,000 students have registered on our portal and been cleared as potential applicants. Of that number, 735,000 have applied for the loan, meaning they have completed the process and formally submitted their applications.

“The number of students who have benefitted, meaning those whose school fees have been paid, or whose school fees and stipends have been paid in instalments, stands at 449,000. Applications are growing by about 3,000 to 3,500 per day.

So far, ₦47 billion has been paid to 218 federally and state-owned tertiary institutions, including universities, polytechnics, and colleges of education, while ₦38 billion has been disbursed as stipends. In total, we have disbursed ₦86 billion,” he said on Friday.

Sawyerr also explained that the turnaround time for loan processing is between 30 and 45 days, provided applicants meet all criteria.

“We’re not working to a deadline to pay people; we’re working to a process that is robust, fully auditable, and accountable. Once an application is processed, we send it to the applicant’s institution for verification to confirm the student’s identity, course of study, and fees.

“Only after receiving a signed confirmation from the school do we proceed, and that internal process takes another two to three weeks. If there are issues with any individual or institution during this process, payment will not be made until they are resolved,” he said.

Weighing on the ongoing investigation into the scheme, the NELFUND chief acknowledged concerns about accountability.

“Managing public funds is subject to probity, and vigilance is necessary in the process. There must be responsibility at every stage,” he said, adding that there had been a case of double payment and alleged collusion.

ICPC building. Photo: Facebook/ICPC Nigeria

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) announced in May that it had opened an investigation into alleged discrepancies in the disbursement of student loans, claiming ₦71 billion was unaccounted for.

The ICPC said it was probing reports of illegal deductions, ranging from ₦3,500 to ₦30,000, from students’ institutional fees by some schools. However, NELFUND denied any mismanagement.

 

International News

Ballon d’Or Power Rankings: Mbappe Overtakes Dembele, Messi Drops To 4th

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Kylian Mbappe has significantly boosted his chances of winning the 2026 Ballon d’Or despite strong competition from the likes of Ousmane Dembélé, Harry Kane, and Lionel Messi.

 

The France captain has been electric at this World Cup, scoring eight goals in six games.

He was once again pivotal as France defeated Morocco 2-0 in the quarter-finals, opening the scoring after missing a first-half penalty.

Mbappe’s performances have seen him climb to the top of the Ballon d’Or power rankings, overtaking his French teammate Dembélé, England and Bayern Munich star Harry Kane, and Lionel Messi.

Mbappe has never won the award but came close in 2022-23, finishing third behind Erling Haaland and eventual winner Messi.

According to Polymarket, he now leads with a 28% chance of winning, ahead of Harry Kane (25.4%), Ousmane Dembélé (15%), and Lionel Messi (13%).

Kylian Mbappé has surpassed Harry Kane for 1st place in the Ballon d’Or rankings on Polymarket:

28% – Mbappé
25% – Kane
15% – Dembélé
13% – Messi

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Sadio Mane Announces Retirement From International Football

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Senegalese player and former Liverpool reliable, Sadio Mane has announced his retirement from the Senegalese national team.

In a press release, the Al-Nasir and Senegalese striker writes in particular:

Know that I have sacrificed everything for this flag. I have given the best of myself and have always fought fiercely for our homeland.

Your constant support has been the driving force behind my success.

Tomorrow, it is with pleasure that I will put my experience at the service of the Nation, whether within a technical staff, on a coaching bench, or in governing bodies.

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Bride Killed As Soldiers Exchange Gunfire With Boko Haram Men

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A 3 week old marriage was shattered at early hours of Friday as the bride’s life was cut short by a stray bullet during gun battle by Soldiers and Suspected Boko Haram insurgents.

 

The Boko Haram fighters attacked two military locations in Maiduguri, Borno State capital, killing three residents on the spot including the bride.

According to witnesses, the insurgents stormed a military base at Kofa around 2:14am, and hit another one at Muna around 2:30am.

Report quoted sources from both locations as saying that the attackers drove to the areas on motorcycles shooting sporadically.

They also revealed that all the attacks were successfully repelled by the military but three residents were killed by stray bullets during the crossfire.

Deborah Usman, a resident of Kofa, said, as the insurgents engaged troops at the military post, many residents fled the area for safety.

“It’s at that time that our neighbor, a three-week-old bride, was hit by a stray bullet on the head and she died instantly.

Sources from the Muna area said the attackers engaged the troops that were stationed at the Customs office, trying to infiltrate the capital city.

A resident of Muna, Mannanaye Muhammad, said two people were killed during the attack.

“They were trying to escape the area when the insurgent shot sporadically at their location. Most of us that decided to stay indoors were not affected, but a woman was also injured by a flying bullet in her residence,” he said

He said that funeral prayer was observed and bodies of the deceased are billed for burial by 12 noon.

The attack comes barely 24 hours after the insurgents attacked a military location in Logomani community in Ngala local government area of the state, where a soldier was killed.

Confirming the attack, the Acting Military Information Officer of Operation HADIN KAI, Captain Mohammed Goni, said multiple terrorist infiltration attempts have been repelled by the troops.

The statement read: “Troops of the Joint Task Force North East, Operation HADIN KAI (OPHK), have successfully thwarted multiple coordinated infiltration attempts by ISWAP terrorists across Borno State in the early hours of 10 July 2026.

“Between 0020 hours (12:20 a.m.) and 0230 hours (2:30 a.m.), the terrorists attempted to infiltrate into Muna Garage, Shuwari Village, and the Ajilari Cross axis to gain access into the Metropolis. With early warning mechanisms emplaced, troops swiftly detected the advancing terrorists and engaged them from multiple axes with accurate firepower, decisively frustrating all attempts to infiltrate.

“In separate incidents, troops also successfully thwarted additional infiltration attempts by the terrorists at Miringa and Dutsen Kura in Buratai. During the pursuit of the fleeing terrorists at Miringa, a Mine-Resistant Ambush Protected (MRAP) vehicle triggered an Improvised Explosive Device (IED) with no casualties recorded on troops. The situation remains stable.

“Overwhelmed by the troops’ speedy tactical manoeuvre, the terrorists were forced to abandon their mission and retreat in confusion across all axes. Troops are currently conducting clearance and exploitation operations to pursue the fleeing terrorists, consolidate operational gains, dominate the area, and prevent any further threat to nearby communities.”

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