D.S. Adegbenro ICT Polytechnic Denies NELFUND Fraud Allegations, Invites Forensic Audit

The Management of D. S. Adegbenro ICT Polytechnic, Itori, has received with great shock and concern a viral press statement and video attributed to the National President of the National Association of Nigerian Students (NANS), Comrade Babatunde Akinteye, alleging the existence of NELFUND-related fraud within the Institution.



The Management wishes to state categorically that these allegations are entirely false, misleading, and without any factual basis.


D. S. Adegbenro ICT Polytechnic, Itori, is an institution founded on the principles of integrity, academic excellence, transparency, and accountability. Over the years, the Polytechnic has maintained a reputation for upholding the highest standards of ethical conduct in all its operations and dealings.


As a responsible institution committed to the values of fairness, honesty, and good governance, we would never engage in any act capable of undermining the laudable educational and social intervention programmes of the Federal Government, including the Nigerian Education Loan Fund (NELFUND). Our commitment to due process and institutional integrity remains unwavering.


The Polytechnic is equally committed to supporting the educational transformation agenda and laudable welfare initiatives of President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency, President Asiwaju Bola Ahmed Tinubu, GCFR, as well as the visionary leadership of His Excellency, Prince Dapo Abiodun, CON, through the Office of the Honourable Commissioner for Education, Science and Technology, Professor Abayomi Arigbabu. As a beneficiary and stakeholder in these progressive reforms, the Institution remains dedicated to promoting transparency, accountability, and excellence in the delivery of educational services.


Furthermore, the effective oversight and supervision provided by the Governing Council of D. S. Adegbenro ICT Polytechnic, Itori, under the able leadership of Ambassador Toye Okanlawon, have continued to strengthen the Institution's culture of accountability, transparency, and prudent management of resources. The Governing Council remains steadfast in ensuring that all administrative and financial processes of the Polytechnic conform to established regulations and global best practices.


In the spirit of openness and accountability, the Management hereby invites the National President of NANS and other relevant stakeholders to visit the Institution for a comprehensive fact-finding exercise, including a forensic audit of all NELFUND-related records and transactions. We are confident that such an exercise will affirm the Institution's strict compliance with all applicable guidelines and procedures and provide a clear understanding of the issues in question.


As an institution committed to nurturing future leaders grounded in integrity, decency, and excellence, we strongly condemn the spread of unverified information capable of damaging the reputation of individuals and institutions.


We therefore reiterate that the allegations contained in the said statement and video are false, unfounded, and should be disregarded by the public.


The Management remains focused on its mandate of providing quality technical and vocational education while upholding the values of transparency, accountability, and service to humanity.


Thank you.


Management

D. S. Adegbenro ICT Polytechnic, Itori

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