House of Reps to probe TETFUND over N2 trillion education tax fund
Written by Joey Shekwonuzhibo on July 5, 2023
The House of Representatives is set to investigate the alleged abuse of N2.3 trillion tertiary education tax by the Tertiary Education Trust Fund from 2011 to 2013.
This was passed as a resolution in the plenary session of the House yesterday, Tuesday 4th of July 2023 after the adoption of a motion co-sponsored by Olusola Fatoba, David Fouh and Zakari Nyanpa.
While moving the motion, Fatoba, the lead sponsor, says since the establishment of the TETfund in 2011, the fund has earned trillions of naira as generated revenue.
He is also alleging that the fund is reputed for numerous financial abuse in its operations, award of contracts and execution of projects.