Nigeria, May 7 -- The Independent Corrupt Practices Commission, one of Nigeria's key financial-and economic crimes fighting agency recently went for the jugular of the Nigeria Education Loan Fund(NELFUND) which manages the Nigerian students loan ecosystem established by the Student's Loan Act of 2024.

According to the ICPC, it had uncovered acts of corrupt diversion running into billions of Naira meant for the fund.

However, in a robust statement, surely after the ICPC's revelation generated the kind of furore allegations of mismanagement of public funds do in Nigeria, NELFUND was quick to clarify that no amount of money under its custody had been misappropriated in any way. The ICPC backtracked a bit to say that it would look at other ...