The Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has assured management of the Tertiary Education Trust Fund, TETFund that the anti-graft agency will assist it in bringing to book all those who have mismanaged funds meant for the development of the educational sector.
โThe work at hand is enormous, and we are intensifying investigations in all zones across the country,โ he said.
He gave the assurance during a visit to the EFCC Head Office, Abuja, by management of TETFund, led by its executive secretary, Abdullahi Baffa, on July 12, 2018.
While intimating the gathering of a conviction secured in Osun State, involving a fraud case prosecuted by the EFCC, involving TETFund funds, Magu noted that โwe have seen more people that could be held culpableโ.
โWe are ready to partner to block all loopholes,โ he added.
He used the opportunity to encourage Baffa and his team, to simplify its processes โto prevent further stealingโ, and to also โsensitize members of the public and all relevant stakeholders concerning TETFund and its project in their areaโ.
โIt will allow the people to monitor the projects and the activities of the contractors,โ he said.
While commending the EFCC for its โgiant strides in the fight against corruptionโ, Baffa, stressed that the assistance of the agency had become a necessity โto tackle the menace of inappropriate projects, abandoned projects, mismanaged funds, and stolen funds, which are almost grounding the institutionsโ.
โWe have also put in place some mechanisms to checkmate fraudulent activities between contractors and these tertiary institutions, but we still need the EFCCโs assistance to escalate the matter to prevent further damage to the educational sector and tertiary institutions,โ he said.
