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TETFund Declares that Over 400b was Disbursed to Tertiary Institutions in 2023

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 The Executive Secretary of Tertiary Education Fund (TETFund), Sonny Echono, has disclosed that over N400 billion was disbursed to tertiary institutions across the country last year.Echono, told journalists, that the amount also included some backlog of previous years that were not accessed, and disbursement for year 2023. He explained that the funds were in two phases, with the approved disbursement for year 2023 alone amounting to N320 billion. He said: “I am also pleased to report that today they have accessed more than that. The reason is that we have a backlog of allocations from previous years that some institutions have not accessed, but because we streamlined the process and created an avenue to assist the institutions in accessing their backlog, that number has grown.

“So, now, we are in the neighborhood of about N400 billion that were disbursed to institutions last year, far in excess of the budget because most of the outstanding allocations are now being accessed. We are also removing little bottlenecks hampering the completion of these projects,” he said.

Echono further added that TETFund can not be extended to private institutions for now due to the extant law of the country. He said: “The only way we collaborate with private institutions currently is in the area of research because we know that it is universal and we know that knowledge is collaboration.”

“So, we are encouraging them to participate and we sponsor people or private individuals who have ideas. Going forward, if the law is amended and extended, we will have no exceptions.”

 

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Education

Oyelami Named Acting CEO of National Mathematical Centre

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By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

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Abuja Reports

UniAbuja Council Denies NELFUND Loan Diversion Claim

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By Patrick Idowu

The Governing Council of the University of Abuja has refuted allegations that the institution diverted funds provided by the Nigerian Education Loan Fund (NELFUND), for its students.

In a statement issued on Saturday, the council, chaired by Senator Olanrewaju Tejuoso, said no NELFUND money was diverted, misappropriated or unlawfully withheld by the university or any of its officials.

The denial comes a day after NELFUND also dismissed the allegation and cleared the university of wrongdoing.

The statement, signed by the Acting Registrar and Secretary to the Governing Council, Malam Sambo Mohammed, said the university operates within established financial regulations and maintains strict accountability in managing intervention funds.

The council urged the public to disregard what it described as a misleading media report, while reaffirming confidence in the university’s management led by Vice-Chancellor, Prof. Hakeem Babatunde Fawehinmi.

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Education

JAMB Warns Candidates Against Infractions in 2026 UTME Registration

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By Onyeanya Ebere Immaculata

The Joint Admissions and Matriculation Board (JAMB) has warned that candidates who violate registration rules or breach the attestation signed during the ongoing 2026 Unified Tertiary Matriculation Examination (UTME), registration will face severe sanctions.

JAMB Registrar, Prof. Ishaq Oloyede, issued the warning on Monday as the registration entered its third week.

He said offenders could be barred from sitting for the UTME for up to three years, adding that the names of defaulters may be published in national newspapers and forwarded to other public examination bodies.

Oloyede also disclosed that candidates involved in serious offences could be handed over to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), or the Police for prosecution.

JAMB said the measures are aimed at protecting the integrity of the examination process and ensuring fairness for all candidates.

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