The Tertiary Education Trust Fund (TETFund) has awarded a N7.6 billion contracts to two companies without due process, TheCable has learnt.
The Tertiary Education Trust Fund has awarded a N7.6 billion contracts to two companies without due process, TheCable has learnt.
In a letter dated May 24, 2023, signed by Kolapo Okunlola, director of human resources and general administration at TETFund, to the chief executive officer of Fides Et Ratio Academy, the agency approved the capacity development training for students and some staff of tertiary institutions for one academic session.
“Duration: The duration of this commitment shall be for a period of One academic session . You are expected to exercise due diligence. Payment: Please note that payment would be made in two instalments, 70% of the total sum would be paid upon acceptance of the offer and the outstanding 30% balance payment would be after the successful completion and submission of a detailed report on the training to the Executive Secretary.
“Please note that payment would be made in two installments. The first payment of 85% would be made upon successful take-off of the project, confirmation of enrolment of participants on the Anthology and PGM Local Hub and submission of a detailed progress report showing progress on the project deliverables While the final payment of 15% would be made after the successful completion of the programme and submission of a detailed report on the training to the Executive Secretary.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TETFund to build hostels in tertiary institutions, says 85% of students live off-campusNigeria's independent online newspaper
Read more »
NANS Leadership Visits TETFund for CollaborationThe new leadership of the National Association of Nigerian Students (NANS) pays a familiarisation visit to the Tertiary Education Trust Fund (TETFund) led by Arc. Sonny Echono, seeking areas of collaboration.
Read more »
Why private varsities can’t be beneficiaries of TETfund, by BogoroA former Executive Secretary of the Tertiary Education Fund (TETfund), Prof. Sulaiman Bogoro, at the weekend, said that the primary purpose of establishing the intervention agency was to address deficiencies in public institutions, a void he stated, was not lacking in private universities.
Read more »
Group partners TETFund, Nigerian universities to establish research funding bodyThe agency said the absence of a recognised national research and innovation funding agency in Nigeria has hindered its ability to access global funding opportunities.
Read more »
TETFund: Working to ensure establishment of science granting council in NigeriaIn its determination to ensure the establishment of a Science Granting Council in Nigeria, the Arc. Sonny Echono-led Tertiary Education
Read more »
FG raises concern as 137 scholars on TETFund scholarship abscond NigeriaThe development is coming at a time when the nation is yet to account for the over 137 university lecturers on TETFund scholarship abroad who absconded after completing their studies.
Read more »