TetFund spends N40bn in 6 institutions in Borno – Committee

The House of Rep ad-hoc Committee, currently investigating the expenditure of N2.3 trillion by TetFund, has revealed that over N40 billion to projects in six institutions located in Borno.
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The committee's chairman, Rep. Edem Unyime, disclosed this during a courtesy visit to Governor Babagana Zulum in Maiduguri, as they sought to verify these allocations.

Unyime explained the purpose of their visit, emphasizing the need to ensure that the projects and programs align with the substantial funding TetFund has provided to the state. He stated, "Your state has benefitted from TetFund to the tune of over N40 billion," referencing the ongoing investigation prompted by allegations of misuse of N2.3 trillion by TetFund.

"We are here to look at things for ourselves, to take submissions from schools and to go round the entire state to inspect the project and programs," Unyime added. He assured thoroughness and transparency in their findings, with the intention to explore ways to further empower TetFund through additional funding.

In response, Governor Zulum urged the committee to perform their investigative duties diligently, emphasizing the importance of their recommendations for the effective management of limited resources by tertiary institutions and TetFund. Zulum, a former Rector of Ramat Polytechnic, Maiduguri, from 2011 to 2015, commended TetFund for its crucial interventions in various projects within these institutions.

He stressed that their investigation's results would provide valuable insights into the management of TetFund resources and help institutions continue their essential work in the state.

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