We did not mismanage TETFUND grant in ABSU — VC


We did not mismanage TETFUND in ABSU — VC

By Anayo Okoli, Umuahia

The Vice-Chancellor of Abia State University, Uturu, Prof Uchenna Ikonne has denied the alleged mismanaged N5 billion development grant from TETFUND to the University for various development projects, insisting that projects are still ongoing in the various campuses of the institution.

According to Ikonne, every university is entitled to such interventions which TETFUND is part of and which is strictly monitored by TETFUND.

Giving a little insight on how TETFUND is granted, the Vice Chancellor explained that such funds are not released to the Vice-Chancellor to manage but managed by the governing council through the direction of the Vice-Chancellor and monitored by the TETFUND organizers.

“Every university is entitled to an intervention which TETFUND is part of. Apart from releasing a fund to a University, TETFUND follows up to make sure that the money is utilized for that particular project. If a particular stage of the project is not completed, they…

Source: Vanguard Newspaper