Akwa Ibom State University (AKSU) is a conventional academic institution whose vision seeks to keep aflame the pursuit of Knowledge, Excellence and the spirit of enquiry. AKSU also offers opportunities for Learning and Leadership, Service and Self-actualization to all mankind, towards a Peaceful, Humane, Prosperous and just Society.

Saturday, May 13, 2017

TETFUND organises Access Clinic & Project Defence for Universities


Dr Abdullahi Baffa, Executive Secretary,  Tertiary Education Trust Fund (TETFund) said on Friday that the fund had successfully completed its access clinic and project proposal defense for 181 beneficiary institutions.

Baffa disclosed this while briefing newsmen in Abuja on the outcome of the clinic and project defense. He said the access clinic was done by the fund for beneficiary institutions with backlog of unutilized funds and to ensure  the 2016 intervention allocations were judiciously utilised  by beneficiary institutions. According to him, the project Proposal Defense is aimed at facilitating the process of obtaining approval in principle from the fund and eliminating delay in the execution of projects.


Baffa noted that from the access clinic and project defense, it was discovered that many beneficiaries  lacked the  knowledge on how to utilise some of the intervention funds. He said it was also discovered that the beneficiaries lacked knowledge of TETFund’s intervention guidelines which had resulted to misuse of the funds in some cases. Baffa revealed that one of the impediments affecting access to intervention funds by beneficiary institutions was the refusal of contractors to mobilise to site after receiving mobilisation fees.

”After receipt of the first trench of money from the fund , some beneficiary unduly delay payment to contractors. Also some contractors refuse to mobilise to site after receiving mobilization fees. In some cases, the contractor delay execution of the project on grounds of price change due to foreign exchange fluctuations despite signing fixed contracts with their clients,” he said.

He said the institutions have been advised by the panel to engage reputable contractors and where necessary involve law enforcement agencies to recover sums paid to the defaulting contractors while the  fund  would blacklist such contractors.

No comments :

Post a Comment