As reported by SaharaReporters on Thursday, it was learnt that the money from the education fund came to the APC state committee in payment of N25,000,000 monthly from October 2023 to October 2024 and is now a subject of controversy as some of the party leaders accused the others of embezzlement and management.It is meant to be an "intervention agency set up to provide supplementary support to all levels of public tertiary institutions for the rehabilitation, restoration and consolidation of tertiary education in Nigeria."
SaharaReporters on Thursday obtained a petition from the Adamawa State APC women leader, Mrs Patricia Yakubu, to the National Security Adviser, Nuhu Ribadu, whom she refered to as "our leader in Adamawa State APC" where she confirmed that TETFUND sent monies to the party in the state but it was embezzled by some party leaders.
In the petition copied to the Senate President, Godswill Akpabio, President Bola Tinubu's wife, Oluremi, and others, Mrs Yakubu explained how the state APC leadership had mismanaged and squandered funds meant to run the party and how she and others had been relegated from the party.
The Tertiary Education Trust Fund (TETFUND) is in the middle of a major financial scandal after the All Progressives Congress (APC) State Working Committe confirmed recieving N325million from the Nigerian government agency to run the party's day-to-day activities in Adamawa State.
SaharaReporters learnt that the money from the education fund came to the APC state committee in payment of N25,000,000 monthly from October 2023 to October 2024 and is now a subject of controversy as some of the party leaders accused the others of embezzlement and management.
TETFUNF is a scheme established by the Nigerian government in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria.