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Tertiary Institutions Forfeit Unused N10bn Fund To TETFund

Executive Secretary, Tertiary Education Trust Fund, TETFund, Professor Suleiman,  Bogoro said it has  retrieved N10 billion from tertiary institutions.

He said the retrieved fund was meant for projects awarded, but not executed by beneficiary institutions.

Bogoro said this on Friday in Jos when he inaugurated the new Faculty of Engineering building and the renovated burnt Main Library of University of Jos.

Professor Bogoro, who also laid the foundation for the Faculty of Agriculture, said the retrieved funds for non-performance by the affected institutions, were re-awarded to other institutions in dire need of infrastructure.

He advised the management of institutions in Nigeria to judiciously use funds allocated to them for the building structures without compromising standards.

Bogoro assured that TetFund would ensure that all structures built in all institutions are of standard and also equipped with modern facilities.

The executive secretary said that TETFund had settled over 1000 stranded students on scholarship.

Bogoro added that Tetfund had so far spent over seven billion naira to facilitate studies by scholars abroad.

“TETFund under my watch intends to offset all the bills of persons on its scholarship within and outside the country”.

The Vice-Chancellor, University of Jos,  Prof Sebastian Maimako, commended TETFund for the numerous projects executed in the university.

Maimako assured TetFund of the effective use and management of the structures built and equipped by TETFund.

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