FG Must Return N359bn To TETfund, Agency Boss Insists

Prof Bagoro



Executive Secretary of the Tertiary Eduction Trust Fund, Prof Suleiman Bogoro, has accused the Federal Government of withdrawing N359 billion belonging to the agency for non-educational purpose, asking for immediate refund.

The money was withdrawn from the account of the agency in 2013.

He said TETFund has petitioned the Federal Ministry of Finance and the National Assembly leadership to ensure that the money is returned to its coffers by the government.

Bagoro who stated this when the House of Representative Committee on Tertiary Education led by its Chairman Aminu Suleiman and members paid oversight visit to the headquarters of the agency on Tuesday in Abuja said: “Under the guise of borrowing, if you add up the total sum of N359 billion was taken out between September and December 2013 without any consultation, whatsoever, but with the Treasury Single Account (TSA) coming into place 2015, a lot more things have changed.

“On that amount, I think there was about N128 billion taken out in one tranche that had nothing to do with education, we had to write the Ministry of Finance requesting for the money, and it was even ascribed to me by some mischievous persons.

“We, however, appreciate the National Assembly members for their concerns and efforts to see that these monies are refunded to us by this year because it will help our accounts to be more balanced.”