By Gift ChapiOdekina, Abuja

The former Chairman of the Adhoc Committee on Student Loans in the House of Representatives, Rep. Terseer Ugbor has called on Nelfund to be open and transparent in the management and disbursement of loans to students of tertiary institutions in the country.

Speaking to reporters during a visit to his constituency office in Benue state, he warned Nelfund to be wary of politicizing the management of the fund, including the selection of vendors and recruitment of staff.

He stated that up till now he was unable to tell how many students of Benue origin have received the loans because there are no public records of actual number of loans disbursed, amount of money spent, duration of these loans, repayment plans, number of participating institutions and the insurance policy covering these loans.

He queried how loans are disbursed without a credit life insurance and health insurance for the students and wondered how the funds will be recovered in case of death, disability or default.

He called for more transparency in the management of the students’ loans as one of President Bola Ahmed Tinubu’s legacy initiatives.