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Senate demands answers over missing tertiary funds

02 December 2015, 19:38Augustine Osayande

Abuja - The Executive Secretary of the Tertiary Education Trust Fund (TETFUND), Prof. Suleiman Bogoro, might be summoned to appear before the Senate to explain the alleged misappropriation of the Education Tax Fund.

The funds were allocated for 2011 to 2015.

On Wednesday, the Senate directed its Committee on Tertiary Institutions and TETFUND to invite him to provide clarity.

The development follows a motion by Senator Aliyu Sabi.

He observed that the Education Tax Fund was generated from education taxes that were utilised to improve the quality of education in the country.

Also Read: Abubakar-Ajuji, Fayose make case for girl child education

He added that some institutions get multiple allocation of special intervention while institution that are their peers do not receive any.

“About N200 billion of the education tax collected between 2012 and 2013 were diverted to other unknown and unspecified uses not recongnized in or permitted under the Act and the diverted funds are to be returned into the fund,” Sabi added.

He expressed concerned that a whooping sum of about N500 million budgeted for advertising and media in 2015 contravened the restoration and consolidation of tertiary education in the country.

Sabi said it was worrisome thea after spending nearly N1 trillion between 2011 and 2015, the state of infrastructure in tertiary education in the country was “shabby” and “dilapidated.”

Senate President, Bukola Saraki, urged the Senate Committee to conduct through investigations. 

- CAJ News

Tags education

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