ATBU Students Required to Refund ₦15,200 Excess NELFUND Payment
Summary
ATBU students who received excess NELFUND refunds must return ₦15,200 to the ATBU Microfinance Bank. The overpayment occurred due to a calculation discrepancy in the 2022/2023 disbursement.
ATBU Students Required to Refund ₦15,200 Excess NELFUND Payment
The Students' Union Government (SUG) of Abubakar Tafawa Balewa University (ATBU), Bauchi has issued an important notice requiring affected students to refund ₦15,200 in excess NELFUND payments.
What Happened?
According to the SUG NELFUND Committee, here's the breakdown of the situation:
- Original NELFUND Disbursement: ₦69,700 was disbursed on behalf of affected students for the 2022/2023 session
- Amount Applied to Portal: Only ₦20,000 was implemented on students' school portals during the 2024/2025 Academic Session
- Expected Refund: The actual refundable balance should have been ₦49,700
- Amount Received: Students received ₦64,700 as refund
- Excess Payment: This resulted in an overpayment of ₦15,200
How to Process the Refund
Affected students must visit the ATBU Microfinance Bank to return the overpaid amount of ₦15,200.
Why Compliance Is Important
The university emphasized that prompt compliance is necessary to:
- Ensure proper reconciliation of NELFUND records
- Maintain transparency in the disbursement process
- Avoid potential administrative issues with future disbursements
Need Assistance?
Students who need clarification or assistance with the refund process should contact the SUG NELFUND Committee at Abubakar Tafawa Balewa University, Bauchi.
