JUST IN: University of Ibadan, Office of the Registrar finally addressed student loan - SEE FULL DETAILS

University of Ibadan student loan memo

The University of Ibadan, Office of the Registrar has released an official memo which was signed by the DVC Academic, Bursar, Provost, Deans of Faculties, All Directors, Heads of Department, and Faculty officers.


The memo was released on August 12, 2024. Below is the comprehensive body of the just-released memo.

"The Nigerian Education Loan Fund (NELFUND) has remitted the sum of Two Hundred and One Million, One Hundred and Fourteen Thousand, Six Hundred and Fifty Naira (N201,114,650.00) Only to the University Account for the 2023/2024 Academic Session. 

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This amount is to cover the fees of One Thousand, Three Hundred Seventy (1,370) students of our University who applied for the NELFUND loan.

"The Bursary Department is currently processing the funds to enable the concerned students to obtain Smart Receipt.

"Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.

READ ALSO: EFCC donates N50billion to NELFUND, encourage students to apply

"To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their account details for the refund. A photocopy of the original payment receipt must be attached to each application.

Disclaimer

Please note that this information applies ONLY to students who applied for the NELFUND loan, and whose applications were approved.

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