Breaking News
Translate

EFCC investigating 12 federal varsities over TETFUND

By Aliyu Dangida

DUTSE—The Economic and Financial Crimes Commission, EFCC, is currently investigating 12 federal universities across the nation for lack of prudence and judicious use of funds allocated to them by Tertiary Education Trust Funds, TETFUND.

Ibrahim Magu, EFCC boss

Executive Secretary of TETFUND, Dr. Abdullahi Bichi, who disclosed this in Dutse at the commissioning of 14 projects executed at the Federal University, Dutse, worth N1.4 billion by the TETFUND, added that the investigation was aimed at enhancing transparency and accountability in the management of government’s resources and would serve as a deterrence to other institutions diverting funds.

Dr. Bichi expressed gratitude to the university for using the fund allocated judiciously, contrary to other institutions that could not explain how they used the funds, which led to their being dragged before the EFCC.

He also promised that N3 billion would be sent to Federal University, Dutse annually, because they were convinced beyond any doubt that the institution could make use of it as expected, pointing out that this was the first time, since TETFUND was established, of commissioning 14 projects at the same time.

Earlier in his remarks, the university’s Vice Chancellor, Professor Fatima Muktar, solicited assistance from the TETFUND to construct the roads within the institution, noting that the institution would forever remain grateful to the Fund.

 

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!