The Executive Secretary of Tertiary Education Trust Fund (TETFund), Professor Elias Suleiman Bogoro, said the agency has retrieved N10bn for projects awarded, but not executed by beneficiary institutions.
Bogoro stated this Friday in Jos when he inaugurated the new University of Jos Faculty of Engineering building, the renovated main library of the university and school’s new Faculty of Management building.
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 which direly need them.
He advised heads of tertiary schools in the country to judiciously use funds allocated to them for building of structures without compromising standards.
Bogoro said TETFund would ensure that all structures built in all institutions meet standard and also equipped with modern facilities.
The executive secretary 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, Professor Sebastian Maimako, commended TETFund for the numerous projects executed in the university.
Maimako assured TETFund of effective utilisation of the structures built and equipped by the Fund.