TETFund Recovers N10bn for Unexecuted Projects
By Adedapo Adesanya
The Tertiary Education Trust Fund (TETFund) said it has retrieved N10 billion from beneficiary institutions that received funds but did not execute the projects they were meant for.
Executive Secretary of the organisation, Professor Suleiman Bogoro, made this disclosure on Friday in Jos, Plateau State, when he inaugurated the new University of Jos Faculty of Engineering building.
Also at the occasion, he opened the renovated burnt Main Library of the university and school’s new Faculty of Management building which were funded by the body.
The executive secretary, who also laid the foundation for the Faculty of Agriculture, said the retrieved funds for non-performance by the affected institutions, were re-arwarded to other institutions in dire need of infrastructure.
He advised management of institutions in Nigeria to always make use of funds allocated to them for building of structures without compromising standards.
Mr Bogoro assured that TETFund would ensure that all structures built in all institutions are of standard and also equipped with modern facilities adding that the fund had settled over 1000 stranded students on scholarship.
He further said that TETFund had so far spent over N7 billion to facilitate studies by scholars abroad. “TETFund under my watch intends to offset all the bills of persons on its scholarship within and outside the country,” he said.
In his remarks, the Vice Chancellor, University of Jos, Professor Sebastian Maimako, commended TETFund for the numerous projects executed in the University and promised that the institution would play its part in ensuring accountability and transparency.