TETFUND: Reps sets up Committee to probe agency’s utilisation of funds

Gaddafi IbrahimJuly 4, 20232 min

The Ad-hoc Committee to probe TETFUND comprises Rep. Wole Oke and Unyime Idem as Chairman and Deputy Chairman respectively while Reps. James Barka, Ghali Mustapha, Abdulsamad Dasuki, amongst others, are members

 

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The House of Representatives, at its resumption of plenary on Tuesday, has constituted an Ad-hoc Committee to investigate the utilisation of funds amounting to over N2.3 trillion accrued to the Tertiary Education Trust Fund (TETFUND) from the Tertiary Education Tax.

The development follows a motion moved by Rep. Olusola Fatoba, noting that “since the creation of the Fund it has earned trillions of naira in revenue but the Fund is notorious for financial infractions in its operations, award of contracts and execution of projects.”

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Speaking further, “the legislator stated that the standard operating procedure within the fund is porous and does not create a platform for proper supervision of projects domiciled with tertiary institutions, with the disbursement of funds happening without tracking and payments made despite the failure of contractors to achieve milestones required for such payment”. 

Consequently, the Speaker constituted an Ad-hoc Committee with the following composition to probe TETFUND and report back to the House, Hon. Wole Oke, Chairman, Unyime Idem, Deputy Chair, James Barka, Ghali Mustapha, Abdulsamad Dasuki, amongst others.

 

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Gaddafi Ibrahim

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