INVESTIGATION: TETFund pays N2.9 billion to contractor for unexecuted job

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When asked, TETFund could not provide evidence for the execution of the contract, including the list of participants, links to the online portal for the training, and pictures or video clips of training sessions.

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The letter of contract award dated 24 May 2023 was signed by the Director of Human Resources and General Administration, Kolapo Okunlola. On 26 July 2023 and 17 November 2023, the sums of N1.5 billion and N62.68 million were credited into the account by the CBN on behalf of TETFund, respectively.

“In addition to this, the capacity building programme is aimed at deepening the ICT staff, other officials, and students’ capacity in communication, entrepreneurship, and productive skill development,” the agency said. However, findings from the various institutions also indicated that no participant has been drawn among the students while ICT directors said they kicked against the idea when it was mooted.

The letter added: “Note that the Fund will calculate the course fees based on the distribution of participants per geographical zone and deduct the same from your institution’s allocation for the converged services using the 50 per cent of the 2023 ICT support Intervention set aside.”

 

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