ICPC detains TETFund boss 'over questionable N7.6bn project'

The Independent Corrupt Practices and Other Related Offences Commission has detained Sonny Echono, executive secretary of the Tertiary Education Trust Fund .Bakare told TheCable that Echono was invited by the anti-graft agency on Thursday.

“The executive secretary of TETFund is here with us. He has been invited for questioning. He is still in custody. He was invited yesterday.” Bakare said.“He was invited on Thursday. He has not been released. He’s still with us. Investigation is still ongoing.”how TETfund awarded two contracts to Fides Et Ratio Academy and Pole Global Marketing within two months at the cost of N3.

The contract was to provide capacity building course and learning management systems to about 2 million students across higher institutions in the country.it did not award N7.6 billion contracts to two companies without due process. The agency said it was wrong to say they were contracts, whereas they were ICT projects implemented under a memorandum of understanding which doesn’t require competitive bidding in public procurement.

TETFund further said its disbursement guidelines were approved by the 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″.Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE INSIDER: How TETFund awarded N7.6bn questionable contracts within two monthsThe Tertiary Education Trust Fund (TETFund) has awarded a N7.6 billion contracts to two companies without due process, TheCable has learnt.
Source: thecableng - 🏆 2. / 80 Read more »

Despite documentary evidence, TETFund denies awarding N7.6bn contractsThe Tertiary Education Trust Fund (TETFund) says it did not award N7.6 billion contracts to two companies without due process.
Source: thecableng - 🏆 2. / 80 Read more »

Contracts awarded by the President – TETFund debunks N7.6bn contract allegationsThe 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.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

TETFund Awards N7.6 Billion Contracts Without Due ProcessThe Tertiary Education Trust Fund (TETFund) has awarded N7.6 billion contracts to two companies without following due process. The contracts were awarded to Fides Et Ratio Academy and Pole Global Marketing (PGM) to provide capacity building courses and learning management systems to 2 million students. However, TETFund did not receive the required approval from the federal executive council (FEC) for the contract size.
Source: thecableng - 🏆 2. / 80 Read more »