Education Headline Local News Nigeria

TETFund alerts public over fake approvals-in-Principle

The Tertiary Education Trust Fund (TETFund) has raised alarm over the activities of some fraudsters using the name of the Fund to issue the Approval-in-Principle (AIP) to unsuspecting institutions.

A statement by the  Acting Director, Public Affairs, on behalf of the Executive Secretary, Sonny Echono, cautioned tertiary educational institutions not to fall victim to what he described as a big scam.

According to the statement, the fraudulent methods currently being adopted by these unknown individuals include the issuance of AIP to unsuspecting institutions using the letterhead of the Fund and handing same to members of the public in exchange for gratification.

It added that all communication from TETFund is made directly to beneficiary institutions and through open, transparent channels.

The statement reads: “The attention of the Management of Tertiary Education Trust Fund (TETFund) has been drawn to some fake Approvals-in-Principle (AIP) quoting outrageous sums as allocations to some institutions that are not even beneficiaries of the Fund.

“So far, this has been mainly concentrated in and around Jos, Plateau State.

“The Fund wishes to inform the public that AIP is not tantamount to the award of contracts and does not confer financial benefits to third parties. Its issuance is based on allocations of funds specifically to beneficiaries of TETFund, which in this case are the Public Universities, Polytechnics and Colleges of Education as expressly stated by the laws establishing TETFund.

“The Management, therefore, dissociates itself from the activities of these individuals or groups and advises stakeholders and the public to be wary of the activities of these fraudsters, who come under the guise of consultants to TETFund to defraud unsuspecting Nigerians.

“All communication from TETFund shall be direct to beneficiary institutions and through open transparent channels.”

Writing by Daniel Adejo; Editing by Tony Okerafor