Reporting by **Channels TV** indicates that the Federal Executive Council (FEC) has approved the deployment of recovered financial assets from the Economic and Financial Crimes Commission (EFCC) alongside billions in dormant account dividends to fund the Nigerian Education Loan Fund (NELFUND). The strategic directive redirects approximately ₦242 billion in unclaimed dividends held within the Capital Market Trust Fund and the Dormant Account Trust Fund directly toward tertiary education student financing.
The strategic pivot aims to guarantee continuous funding liquidity for eligible university and college students across Nigeria without straining conventional budget allocations. Federal officials confirmed that blending asset recovery proceeds with statutory trust funds offers a sustainable financing framework to cushion the cost of higher education for vulnerable households.
Corroborating the policy rollout, **Daily Post** reported that the executive approval ensures “the use of unclaimed dividends held under the Capital Market Trust Fund and the Dormant Account Trust Fund to support NELFUND” seamlessly. Furthermore, **Vanguard** published coverage highlighting that “Tinubu moves EFCC recoveries, NELFUND resources, and N242bn unclaimed dividends” into a unified capitalization pool to widen student access nationwide.
Echotitbits take:
Repurposing dormant capital and asset forfeitures directly into human capital development creates a transparent utility for disputed funds. Watch for capital market regulators’ guidelines on how unclaimed dividend trusts will balance shareholder claims against public education lending.
Source: Premium Times – https://www.premiumtimesng.com/news/top-news/904177-tinubu-orders-efcc-cash-recoveries-unclaimed-dividends-to-fund-student-loans.html, August 20, 2026
Photo credit: Leadership
