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Contracts awarded by the President – TETFund debunks N7.6bn contract allegations

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Tetfund News

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The Management of Tertiary Education Trust Fund, TETFund, has debunked reports that it awarded questionable contracts amounting to N7.6 billion without the approval of the President and the Federal Executive Council, FEC. The Commission, in a response to a media report, said it did not 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. The report claimed that TETfund awarded N7.6 billion questionable contracts within two months without due process.

Continuing the commission said in the statement that the two Projects under reference are not contracts but are ICT Projects being implemented under a Memorandum of Understanding, MoU, arrangement with the following two global academies: Anthology USA, Edunet Academy. “These organisations are academies and owners of the intellectual property rights for their different products which do not make them open for competitive biddings in public procurements.

 

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