The Management of Tertiary Education Trust Fund, TETFund, has debunked reports that it awarded questionable contracts amounting to seven point six billion naira without the approval of the President and the Federal Executive Council, FEC.
In a response to a media report, the Commission through a statement signed by the Acting Director, Public Affairs of the Commission, Abdulmumin Oniyangi on Wednesday, said it did not make any attempt to usurp Mr. President’s powers or award contracts without due process; as the entire write-up was based on the wrong assumption that contracts were awarded by the Fund.
The report claimed that TETfund awarded seven point six billion naira questionable contracts within two months without due process.
Oniyagi further stated that all the Fund’s disbursement guidelines are approved by the president.
The statement reads in part, “For the avoidance of doubt and in total contrast to what was reported in the publication, we wish to affirm that all TETFund Disbursement Guidelines are approved by Mr. President on the recommendation of the Fund’s Board of Trustees and concurrence of the Honourable Minister of Education in line with the TETFund Act 2011.
“We therefore, state unequivocally that at no time did the Fund make any attempt to usurp Mr. President’s powers or that of the Federal Executive Council, or award contracts without due process; as the entire write-up was based on the wrong assumption that contracts were awarded by the Fund”.
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