NELFund Warns Students Against Fake Loan Application Portals.
The Nigerian Education Loan Fund (NELFund) has issued an urgent warning to students across the country to be cautious of fraudulent loan application portals claiming to offer educational funding. The alert comes as scammers attempt to exploit students seeking financial support for their studies.
NELFund, the government agency responsible for providing interest-free loans to Nigerian students in tertiary institutions, emphasised that its official application process is conducted solely through its verified portal. The agency urged students to avoid sharing personal or financial information on unverified websites or platforms promising quick loan approvals.
The warning was made public on Sunday, highlighting the growing prevalence of fake portals designed to deceive applicants. NELFund stressed that these fraudulent sites often mimic the official portal, tricking students into providing sensitive details that could lead to identity theft or financial loss.
To ensure safety, NELFund advised students to verify the authenticity of any loan application platform by checking for official government endorsements and secure website indicators, such as “https” in the web address. The agency reiterated its commitment to supporting students’ education through transparent and secure processes, urging vigilance to protect against scams.
Students seeking loans were encouraged to visit only the official NELFund portal or contact the agency directly for guidance. This proactive warning underscores NELFund’s dedication to safeguarding students while ensuring access to legitimate funding opportunities for higher education.
