Skip to content
Ova News NG

Ova News NG

Ova News NG feed V2

Primary Menu
  • HOME
  • NEWS
  • ENTERTAINMENT
  • SPORTS
  • POLITICS
  • WORLD NEWS
  • LIVE FOOTBALL SCORES
  • Home
  • NEWS
  • N500b unclaimed funds abandoned in TETFUND — House of Reps Committee
  • NEWS

N500b unclaimed funds abandoned in TETFUND — House of Reps Committee

7 months ago 2 min read
Share:

The House of Representatives Committee on TETFUND and other Services has disclosed that more than five hundred billion naira allocated to various benefitting institutions have remained unclaimed with the Fund.

This disclosure was made by the Chairman of the Committee, Miriam Odinakachukwu Onuoha when she led lawmakers on a courtesy call to the Abia State Governor, Alex Otti in Umuahia.

Onuoha explained that the House has created a separate Standing Committee on TETFUND to ensure better accountability and for judicious utilization of the amounts released.

She said the House has relaxed some of the stringent conditions causing the delay, providing an opportunity for the committee to speak with benefitting institutions.

“The committee paid a courtesy call and oversight visit to TETFUND on 30/5/2024 and discovered that the funds yet to be utilized were over 500 billion that had been allocated to beneficiary Tertiary institutions and we probed further and found out that there were divergent reasons for this stalemate and accumulation of funds.

Onuoha said they were consulting with the affected states and institutions to find out the reasons for the accumulation.

She noted that Abia is one of the states with accumulated unclaimed TETFUND resources for tertiary education but promised that her committee will work with the Abia State government and Tertiary institutions to ensure that the State gets the right slice of the TETFUND intervention.

Responding to the Committee, Governor Alex Otti said his administration would do everything possible to reclaim funds belonging to Abia State which have not been assessed, saying that the money is needed to fix the ruins in the state’s education sector.

Otti said his quest to bring education to an acceptable standard in the state made his administration allocate 20% of the 2024 Abia budget to education alone.

N500b unclaimed funds abandoned in TETFUND — House of Reps Committee

Facebook Comments Box
Share:

Related:

  • Lessons Of Mokwa’s Disaster
    Lessons Of Mokwa’s Disaster
    NEWS
  • Ojulari Takes Path Of Transparency At NNPC Ltd
    Ojulari Takes Path Of Transparency At NNPC Ltd
    NEWS
  • US, UK, Others Warn Nigeria’s Cybercrimes Act Threatens Democracy, Economic Future
    US, UK, Others Warn Nigeria’s Cybercrimes Act…
    NEWS
  • Why Are Building New INEC HQ..Tinubu
    Why Are Building New INEC HQ..Tinubu
    NEWS
  • Lagos Residents Ask Sanwo-Olu To Fix Infrastructure Before Relaunching Monthly Sanitation
    Lagos Residents Ask Sanwo-Olu To Fix Infrastructure…
    NEWS

Continue Reading

Previous: Rivers Police Arrest Man Over Mysterious Lover’s Death
Next: Okocha emerges parallel APC chairman in Rivers
  • Recent
  • WAFCON 2024: CAF unveils new trophy in Morocco
    • SPORTS

    WAFCON 2024: CAF unveils new trophy in Morocco

  • Messi officially becomes free agent
    • SPORTS

    Messi officially becomes free agent

  • My career in Europe over – Di Maria
    • SPORTS

    My career in Europe over – Di Maria

  • EPL: Willian names three current Chelsea players he would love to play with
    • SPORTS

    EPL: Willian names three current Chelsea players he would love to play with

  • Saving history one story at a time
    • WORLD NEWS

    Saving history one story at a time

  • Police Arrest Four Suspects For Alleged Robbery, Drug Trafficking In Enugu
    • NEWS

    Police Arrest Four Suspects For Alleged Robbery, Drug Trafficking In Enugu

  • IPOB Condemns FG’s ‘Desperate’ Attempt To Link Nnamdi Kanu To Gulak’s Death
    • NEWS

    IPOB Condemns FG’s ‘Desperate’ Attempt To Link Nnamdi Kanu To Gulak’s Death

  • Tems’ Grammy-winning song receives RIAA certification
    • ENTERTAINMENT

    Tems’ Grammy-winning song receives RIAA certification

  • 30% Of Civil Servants Trained Abroad Fail To Return – Lagos Commissioner
    • NEWS

    30% Of Civil Servants Trained Abroad Fail To Return – Lagos Commissioner

  • Greetings from Dharamshala, India, where these Tibetan kids were having the best time
    • WORLD NEWS

    Greetings from Dharamshala, India, where these Tibetan kids were having the best time

  • WAFCON 2024: CAF unveils new trophy in Morocco
    • SPORTS

    WAFCON 2024: CAF unveils new trophy in Morocco

  • Messi officially becomes free agent
    • SPORTS

    Messi officially becomes free agent

  • My career in Europe over – Di Maria
    • SPORTS

    My career in Europe over – Di Maria

  • EPL: Willian names three current Chelsea players he would love to play with
    • SPORTS

    EPL: Willian names three current Chelsea players he would love to play with

  • Saving history one story at a time
    • WORLD NEWS

    Saving history one story at a time

SECTIONS

  • ENTERTAINMENT
  • NEWS
  • POLITICS
  • SPORTS
  • WORLD NEWS

Get all Latest Ova News Feeds on the Go! 👋

Sign up to receive all Our latest News content Recap in your inbox every weekend.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Quick Links

  • News
  • Entertainment
  • Live Football Scores
  • Premier League Scores

Legal

  • Terms of Use
  • Privacy Policy

Connect with Us

  • Contact Us
  • Advertise
Copyright © 2025 Ova News Network | Created by Ben Ova O. | All Rights Reserved.
pixel