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ICPC grills TETFund directors over alleged N3.8bn contract fraud

THE Independent Corrupt Practices and Other Related Offences Commission (ICPC) has grilled three directors of the Tertiary Education Trust Fund (TETFUND) over alleged N3.8 billion contract fraud.

The three directors questioned include the agency’s director of finance and accounts, Gloria Olotu, the director of human resources and general administration, Kolapo Okunola, and the director of information communication technology (ICT), Joseph Odo.

The officials reportedly arrived at the ICPC office in the Federal Capital Territory (FCT) between 10 a.m. and 11 a.m. on Thursday and were questioned until around 6 p.m.


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The ICPC spokesperson Ademola Bakare told The ICIR on Saturday, April 27, that contrary to wide speculations, the commission did not arrest the executive secretary (ES) of TETFUND, Sonny Echono.

“It’s a director, one Dr Gloria Olotu that was in our custody and helping us with our investigation presently, not the ES,” he stated.

According to Bakara, Olotu could not meet her bail conditions on Thursday but has now been released.



Bakare did not disclose the actual offence committed by the three ICPC directors.

Premium Times reported on Monday, April 22, about a contentious TETFund contract award of N3.8 billion to Fides Et Ratio Academy, an educational service provider.




     

     

    The TETFund reportedly secretly awarded a contract worth over N3.8 billion five days before the end of former President Muhammadu Buhari’s administration, in violation of the law.

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    According to the newspaper, the contractor received N2.9 billion from TETFund in four instalments, contravening the law.

    As required by Nigeria’s procurement law, the organisation said it could find no proof that bidders submitted a bid for the contract. 

    The newspaper claimed the letter of contract award, dated May 24, 2023, was signed by Okunlola.

    Bankole Abe

    A reporter with the ICIR
    A Journalist with a niche for quality and a promoter of good governance

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