The management of Yaba College of Technology (YabaTech) has debunked the allegation that it was involved in illegal deductions from the Nigerian Education Loan Fund (NELFUND) from their students.
Public Relations Officer of the institution, Mr. Adekunle Adams, stated that the management was not involved in illegal deductions or exploitation of the students.
LEADERSHIP recalls that YabaTech was mentioned among other 50 institutions allegedly involved in illegal deductions and exploitation of students after the NELFUND fund disbursement.
The errant institutions allegedly deduct between N3,500 and N30,000 off each student’s institutional fee that was submitted and received from NELFUND.
NELFUND and the National Orientation Agency (NOA) had accused these institutions of engaging in “deceptive practices” by collecting institutional fees from the government without refunding the full value to students at the point of disbursement.
CREDIT; leadership news