Urgent Notice: NELFUND Refund Processing for Beneficiaries at the University of Ilorin
The University of Ilorin Students' Union has released a vital follow-up announcement regarding the ongoing Nigerian Education Loan Fund (NELFUND) refund process. This latest communication is specifically directed at students whose names have been included in the recently published list of beneficiaries. The Students' Union, led by its current executive body, is taking proactive steps to ensure that students who previously settled their school charges out-of-pocket—but have now had those fees covered by the federal loan scheme—receive their reimbursements in a transparent and timely manner.
The initiative comes on the heels of the university receiving multiple tranches of disbursements from NELFUND, which has already provided millions of naira to cover the institutional charges of thousands of "Innovative Unilorites." Because these funds are often sent directly to the university bursary to cover tuition and statutory levies, students who had already paid for the session are entitled to a full refund of their personal payments. To facilitate this, the Students' Union has partnered with the university administration and the Student Affairs Unit to create a streamlined digital verification system.
Action Required: List Verification and Data Submission
Affected students are instructed to perform two primary actions immediately to avoid being excluded from the current payment cycle. First, students must verify their eligibility by checking the official List of Beneficiaries. This document contains the names of all students for whom NELFUND has successfully remitted school charges to the University of Ilorin. It is essential that students confirm their names appear on this specific list before proceeding, as the refund is strictly tied to the funds received by the institution for the 2024/2025 and 2025/2026 academic sessions.
Once eligibility is confirmed, students must provide their accurate financial and academic details via the Designated Google Form. The Union has emphasized that the information provided in this form is what the Bursary Department will use to initiate the electronic transfer of funds. Any discrepancy in the details provided—such as incorrect bank account numbers or mismatched matriculation details—could result in significant delays or the total failure of the refund transaction. The required details typically include the student's full name, matriculation number, department, level, a scanned copy of the original school charges receipt, and the recipient bank account details (Account Name, Bank, and Account Number).
Deadlines and Administrative Warnings
The Students' Union has issued a stern warning that the window for data submission will close shortly. The urgency of this notice is underscored by the university's goal of completing the disbursement process before the peak of the current semester's administrative activities. Failure to comply with the submission deadline may result in a student’s refund being moved to a "pending" status, which could take several months to resolve. Students are therefore advised to treat the submission as a top priority.
The leadership of the Students' Union remains dedicated to protecting the financial interests of all "Innovative Unilorites." This exercise is part of a larger commitment to accountability and ensuring that the federal government's educational intervention reaches the intended recipients without unnecessary bureaucratic hurdles. The Union has pledged to continue its collaboration with the University Bursar and the Dean of Student Affairs to guarantee that the process remains seamless and that every eligible kobo is returned to the students' accounts.
Transparency and Continued Support
All official correspondences and inquiries regarding the refund process should be directed to the Office of the General Secretary of the Students' Union. Students are cautioned against providing their sensitive banking information to third-party individuals or unofficial links. The Union has reiterated that the provided Google Form is the only authorized channel for this specific data collection exercise.
As the university continues to receive further tranches from NELFUND, subsequent lists of beneficiaries will be released. Students who have applied for the loan but do not find their names on the current list are urged to remain patient and continue monitoring the Union’s official social media platforms and the university bulletin for further updates. The Vice-Chancellor, Professor Wahab Olasupo Egbewole (SAN), has previously lauded the NELFUND scheme as a transformative initiative that ensures no student is left behind due to financial constraints, and the current refund exercise is a testament to that vision being put into practice.
The Union encourages all students to spread this information among their peers, particularly those who may be currently off-campus or on industrial attachment (SIWES), to ensure that no eligible beneficiary misses out on this reimbursement. By working together, the university community can ensure that this federal intervention effectively eases the financial burden on students and their families.