The Nigerian government has revealed those barred from benefitting from its student loan scheme also known as Education Loan Fund (NELFUND).
FG said convicted certificate forgers, drug offenders, and cultists, amongst others, are not eligible for the loan.
This was disclosed in a post by the administrator of the student loan scheme on its official X handle on Friday.
The post addresses some of the “frequently asked” questions by the prospective applicants.
NELFUND said applications by citizens “convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty” would be rejected.
Others whose application would be rejected include anyone “proven to have defaulted in respect of any previous loan granted” by any licensed financial institution and anyone “found guilty of submitting fake/fraudulent documents and dismissed for exam malpractices by any school authority.”
Recall NELFUND opened the application portal on Friday for the first phase of the student loan scheme, which is open to students from federal institutions across the country.
