Tetfund projects efcc icpc after defaulters
A very specific and interesting topic!
TETFund (Tertiary Education Trust Fund) is a Nigerian government agency established in 2002 to provide funding for public universities and polytechnics. One of the key objectives of TETFund is to improve the quality of education in these institutions by providing grants for infrastructure development, research, and other academic activities.
EFCC (Economic and Financial Crimes Commission) and ICPC (Independent Corrupt Practices and Other Related Offences Commission) are two anti-corruption agencies in Nigeria responsible for investigating and prosecuting cases of corruption, including financial crimes.
Now, regarding your question: "TETFund projects EFCC ICPC after defaulters". Here's what I found:
In 2019, the TETFund Board approved a policy to collaborate with EFCC and ICPC to recover funds from defaulters who fail to utilize their grants or misapply them. The policy aims to ensure that funds allocated to institutions are used for their intended purposes and to prevent corruption.
Under this policy, TETFund will:
- Identify defaulters: TETFund will identify institutions that have failed to utilize their grants or have misapplied them.
- Report to EFCC and ICPC: TETFund will report these defaulters to EFCC and ICPC, which will investigate and prosecute cases of corruption and financial crimes.
- Recovery of funds: EFCC and ICPC will work with TETFund to recover the misapplied or unutilized funds from the defaulting institutions.
This collaboration aims to:
- Enhance transparency and accountability in the use of TETFund grants.
- Prevent corruption and mismanagement of funds.
- Ensure that funds allocated to institutions are used for their intended purposes, such as infrastructure development, research, and academic activities.
By working together, TETFund, EFCC, and ICPC hope to improve the quality of education in Nigerian institutions and promote good governance in the country.