The Tertiary Education Trust Fund (TETFund) has issued a stern warning to beneficiary institutions, cautioning that those who fail to meet set standards or misappropriate allocated funds may be excluded from its intervention programmes.
TETFund Executive Secretary, Arc. Sonny Echono, gave the warning during a one-day strategic meeting with vice-chancellors, bursars, and procurement heads of beneficiary institutions held in Abuja on Monday.
Echono noted that the move is not intended as a punitive measure, but rather as a means of protecting the integrity and effectiveness of the Fund’s initiatives.
“Institutional beneficiaries that repeatedly neglect to access, properly utilise, or account for funds—or those that do not meet minimum enrollment and academic performance criteria—face the risk of being removed from the list of eligible institutions,” Echono stated.
He further emphasized TETFund’s commitment to channeling its resources toward institutions that demonstrate strong governance, transparency, and accountability.
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