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Senate Summons TETFUND over Misappropriation of Funds

  • Senate Summons TETFUND over Misappropriation of Fundstetfund3
  • Mourns Etiebet

Worried by the shabby and dilapidated state of infrastructure across Nigeria’s tertiary education institutions despite the investment of nearly 1 trillion Naira of Government funds over the last four years, the Senate of the Federal Republic of Nigeria on Wednesday summoned the Executive Secretary of the Tertiary Education Trust Fund (TETFUND), Professor Suleiman Elias Bogoro to appear before its Committee on Tertiary Institutions and defend alleged misappropriation of funds from 2011 to 2015

This directive was issued sequel to a motion sponsored by Senator Abdullahi Aliyu who told the Senate that about 200 billion Naira of the education tax fund collected by Tetfund between 2012 and 2013 were diverted to other unknown, unauthorised and unspecified uses not recognized by the TETFUND 2011 Act that charged it with the responsibility of imposing, managing and disbursing tax revenues to public tertiary institutions in Nigeria.

Senator Aliyu also drew the Senate’s attention to the fact that there were major discrepancies in the allocation and disbursements of funds to various institutions in the country, with some of them getting multiple allocations of special interventions while others got none as well as the whopping sum of N500 million which Tetfund budgeted for advertising and media campaign in 2015, noting that this action contravened Tetfund’s statutory mandate of ‘rehabilitation, restoration and consolidation of tertiary education in Nigeria.’

He buttressed his observation by noting that Nigerian universities are virtually nowhere to be found on major international university ranking scales. The Senate expects a reply from the Tertiary Institutions Committee in four weeks.

On a sombre note, the Senate mourned and observed a minute silence in honour of a former Senator and Governor of old Cross Rivers State, Senator Donald Etiebet. Senator Etiebet who passed on in July at the age of 84 represented Ikot Ekpene Senatorial district between 1979 and 1983 and served as the chairman of the Senate Committee on Public Service as well as holding membership of various committees.

He was also the Governor of Cross Rivers State for only two months, his tenure being abruptly ended by the December 31st 1983 coup.

The Senate resolved to send a high powered delegation to condole with his family and the people of Akwa Ibom State, while also calling on the Federal Government, Cross Rivers and Akwa Ibom States to immortalize him by naming a monument in his honour.

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The Senate | Federal Republic of Nigeria | National Assembly Complex | Three Arms Zone, PMB 141, Abuja | Nigeria