The National Association of Nigerian Students (NANS) has urged President Bola Ahmed Tinubu to investigate and sanction heads of tertiary institutions accused of sabotaging the Nigerian Education Loan Fund (NELFUND) scheme. NANS alleges that some institutions are withholding refunds for fees already paid by students and inflating tuition figures reported to the loan platform. NANS President, Akinteye Babatunde, stated that these practices undermine the government’s education policy and place an unfair debt burden on students. Meanwhile, NELFUND is transitioning to a digital token-based payment system to improve transparency and prevent disbursement irregularities.