Despite documentary evidence, TETFund denies awarding N7.6bn contracts

The Tertiary Education Trust Fund says it did not award N7.6 billion contracts to two companies without due process.that the agency awarded two contracts to Fides Et Ratio Academy and Pole Global Marketing within two months at the cost of N3.8 billion respectively without the approval of the federal executive council , which is required for the contract size.

In a rejoinder signed by Abdulmumin Oniyangi, TETFund spokesperson, on Tuesday, the agency said it did not make any attempt to award contracts without due process, adding that it is a wrong assumption that the contracts were awarded by the fund.The agency added that they were not contracts, but ICT projects implemented under a memorandum of understanding which does not require competitive biddings in public procurements.

“The two Projects under reference are not Contracts but are ICT Projects being implemented under a Memorandum of Understanding arrangement with the following two global academies: Anthology USA; owners of Blackboard Inc. which is a leading global educational technology academy providing Blackboard Ultra Learning Management System.

“Therefore, it is instructive to state that the Partnership with the two academies to execute the ICT roadmap of the Fund endorsed by Beneficiary Institutions were not carried out as contracts. Rather, Beneficiary Institutions’ ICT needs were aggregated for bulk negotiation to take advantage of economies of scale. With this, 60% cost saving was achieved.

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