ICPC clarifies statement on NELFUND, says no discrepancies in student loan disbursement

“The ICPC confirmed that a clear case of discrepancies has
been established in the administration of the student loan scheme and announced
that its investigation will now extend to beneficiary institutions and
individual student recipients,” part of the earlier statement reads.

However, clarifying the earlier statement, Bakare said the
absence of “not” in the second to the last paragraph contradicted the line of
thought in the whole document.

The ICPC spokesperson said, “commission has only established
the total amount of funds received and disbursed so far by NELFUND”.

Bakare said the next line of investigation to the receiving
institutions and persons would be completed before any “reasonable deduction”
can be made.

“Unintentionally, the word “NOT” was missing in the second
to the last paragraph of our earlier press release in respect of an ongoing
investigation regarding Student Loan Scheme,” the statement reads.

“The missing word created an erroneous impression that the
alleged discrepancies or diversion has been established.

“We admit that this is not the case, indeed we accept that
the same part of the sentence also contradicted the whole paragraph.

“The impression of diversion and the issue of discrepancies
do not exist at this stage; the investigation would have to move into the
receiving institutions and persons before any reasonable deductions could be
made.”