SAN repays Nigerian education loan fund with N2 million donation
SAN repays N2 million student loan after 49 years.
The Nigerian Education Loan Fund (NELFUND) says it received a N2 million refund from a Senior Advocate of Nigeria and former beneficiary of the defunct Federal Government Student Loan Scheme in the 1970s, Adegboyega Awomolo.
The Fund in a statement on Friday, September 6, said Awomolo, who benefitted from the loan during his undergraduate studies at the University of Ife (now Obafemi Awolowo University) in the 1975/1976 and 1976/1977 academic sessions, repaid the loan in full.
It said the loan, which at the time amounted to a total of N1,000 for both sessions, was instrumental in helping him complete his law degree.
The statement said despite several previous attempts, over the years, to refund the loan, Mr. Awomolo was unable to fulfill the repayment until now.
