Nigeria, Aug. 20 -- President Bola Tinubu has directed that liquid funds recovered by the Economic and Financial Crimes Commission (EFCC), as well as unclaimed dividends from specified government trust funds, be channelled to the Nigerian Education Loan Fund (NELFUND).

Minister of Education, Tunji Alausa, disclosed this on Wednesday while briefing State House correspondents after the Federal Executive Council meeting presided over by the President in Abuja.

Mr Alausa said the directive was aimed at strengthening NELFUND's finances as demand for student loans continues to grow.

"This was also approved by FEC: that all unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund should also be directed to NEL...