TETFund Raises Alarm Over Fake Allocation To Institutions

The Management of Tertiary Education Trust Fund (TETFund) has raised an alarm over some fake Approvals-in-Principle (AIP) quoting outrageous sums as allocations to some institutions that are not even beneficiaries of the
Fund.

Abdulmumin Oniyangi
Acting Director, Public Affairs in a statement said So far, this has been mainly concentrated in and around Jos, the Plateau State capital

TETFund added that the fraudulent methods currently being adopted by these unknown
individuals or groups includes the issuance of Approval-in-Principle to
unsuspecting institutions using the letter head of the Fund and handing same to members of the public in exchange for gratification.

The Fund said that it wish to inform the public that A.I.P is not tantamount to award of
contracts and does not confer financial benefits to third parties. Its issuance is
based on allocations of funds specifically to beneficiaries of TETFund which in this case are the Public Universities, Polytechnics and Colleges of Education as expressly stated by the laws establishing TETFund.

TETFund Management, therefore, dissociates itself from the activities of these individuals or groups and advise stakeholders and the public to be wary of the activities of these fraudsters who come under the guise of consultants to
TETFund to defraud unsuspecting Nigerians. All communication from TETFund shall be directly to beneficiary institutions and through open transparent
channels.