EFCC vows to prosecute looters of TETFund grants

The Acting Chairman, Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, has assured management of the Tertiary Education Trust Fund, TETFund that the anti-graft agency will prosecute all those who have mismanaged funds meant for the development of the educational sector.

He said, “The work at hand is enormous, and we are intensifying investigations in all zones across the country.”

He gave the assurance during a visit to the EFCC Head Office, Abuja, by management of TETFund, led by its executive Abdullahi 12, 2018.

While intimating the gathering of a conviction secured in Osun State, involving a fraud case prosecuted by the EFCC, involving TETFund funds, Magu noted that “we have seen more people that could be held culpable”.

“We are ready partner to block loopholes,” he added.

He also encouraged the TETFund boss and his team to simplify its processes “to prevent further stealing”, and to also “sensitize members of the public and all relevant stakeholders concerning TETFund and its project in their area”.

“It will allow the people secretary, Baffa, on July to all to monitor the projects and the activities of the contractors,” he said.

Baffa, on his part, said the assistance of the agency had become a necessity “to tackle the menace of inappropriate projects, abandoned projects, mismanaged funds, and stolen funds, which are almost grounding the institutions”.

“We have also put in place some mechanisms to checkmate fraudulent activities between contractors and these tertiary institutions, but we still need the EFCC’s assistance to escalate the matter to prevent further damage to the educational sector and tertiary institutions,” he said.