The Senate during plenary today, presided over by the Senate President, Bukola Saraki, passed a motion to investigate contracts that were awarded and paid for in the past by Tetfund that are yet to be executed. Tertiary Education Trust Fund, TETFUND is the country’s intervention agency for managing and disbursing education tax to public schools.
The Senate observed that in the past Tetfund has had to award contracts for the benefit of several higher institutions across the country in keeping with the statute that established the agency.
However, the Senate has observed that despite the good intentions of Tetfund in awarding the contracts some of the contractors are yet to be indentified and some are yet to be executed.
In view of the allegations, the Senate mandate its committee on Tertiary Institutions and Tetfund to investigate these allegations with a view ascertaining the contractors who collected funds and have absconded with executing these contracts.
The committee was mandated to also report its findings and recommendations to the Senate for further action.
