Audit question: Committee of Representatives convenes TETFUND, asks for explanation on use of funds, grants
The House Public Accounts Committee, PAC, on Tuesday gave oversight of the Higher Education Trust Fund, TETFUND, a seven-day deadline within which to appear before it to explain the mode of operation of the Fund and its reserve in accordance with the law that created it.
The Chairman of the Committee, Hon. Busayo Oluwole Oke issued the summons while the Accountant General of the Federation, Mr. Sylva Okolieaboh, reviewed before the committee the multiple issues raised from numerous Ministries, Departments and MDA Agencies of the federal government
According to him, the Management of the Agency who must appear alongside the Accountant General is predicted to explain the mode of operation of the Fund in accordance with the Law which set it up.
Management is also required to explain the use of the 2.5% school tax collected from businesses and organizations on behalf of the federal government
The Committee also requested information on expenses, list of donors, gifts and general amounts involved.
He disapproved of a fiscal year in which the Agency no longer reported its excess price range to the federal authorities' consolidated account at the end of each 12-month fiscal year acquired from different MDAs.
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The committee asked the Federal Inland Revenue Service official, FIRS, to come forward to help conduct research into the agency's operations
This just happened to the committee, he gave 25 MDA chiefs who abstained from his several summonses a 24-hour deadline within which to honor his invitation or be arrested by the issuance of a warrant. 'stop
According to Oke, "we have reached a level where the Committee must exercise its constitutional power, we are not a dog that can become more efficient again but cannot bite
“The Clerk of the Committee is here to prepare the full list of affected persons, if until tomorrow morning we cannot have a preference to give it to the Speaker of the House of Representatives, Rep Femi Gbajabiamila to sign the arrest warrant”
Some of the agencies are: Tertiary Education Trust Fund, TETFUND, Universal Education Board, UBEC Nigerian Ports Authority, NPA, Ministry of Transportation, Nigerian Railway Corporation, NRC, Ministry of Works and Housing and others.
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The House Public Accounts Committee, PAC, on Tuesday gave oversight of the Higher Education Trust Fund, TETFUND, a seven-day deadline within which to appear before it to explain the mode of operation of the Fund and its reserve in accordance with the law that created it.
The Chairman of the Committee, Hon. Busayo Oluwole Oke issued the summons while the Accountant General of the Federation, Mr. Sylva Okolieaboh, reviewed before the committee the multiple issues raised from numerous Ministries, Departments and MDA Agencies of the federal government
According to him, the Management of the Agency who must appear alongside the Accountant General is predicted to explain the mode of operation of the Fund in accordance with the Law which set it up.
Management is also required to explain the use of the 2.5% school tax collected from businesses and organizations on behalf of the federal government
The Committee also requested information on expenses, list of donors, gifts and general amounts involved.
He disapproved of a fiscal year in which the Agency no longer reported its excess price range to the federal authorities' consolidated account at the end of each 12-month fiscal year acquired from different MDAs.
>The committee asked the Federal Inland Revenue Service official, FIRS, to come forward to help conduct research into the agency's operations
This just happened to the committee, he gave 25 MDA chiefs who abstained from his several summonses a 24-hour deadline within which to honor his invitation or be arrested by the issuance of a warrant. 'stop
According to Oke, "we have reached a level where the Committee must exercise its constitutional power, we are not a dog that can become more efficient again but cannot bite
“The Clerk of the Committee is here to prepare the full list of affected persons, if until tomorrow morning we cannot have a preference to give it to the Speaker of the House of Representatives, Rep Femi Gbajabiamila to sign the arrest warrant”
Some of the agencies are: Tertiary Education Trust Fund, TETFUND, Universal Education Board, UBEC Nigerian Ports Authority, NPA, Ministry of Transportation, Nigerian Railway Corporation, NRC, Ministry of Works and Housing and others.
ALSO READ
The House Public Accounts Committee, PAC, on Tuesday gave oversight of the Higher Education Trust Fund, TETFUND, a seven-day deadline within which to appear before it to explain the mode of operation of the Fund and its reserve in accordance with the law that created it.
The Chairman of the Committee, Hon. Busayo Oluwole Oke issued the summons while the Accountant General of the Federation, Mr. Sylva Okolieaboh, reviewed before the committee the multiple issues raised from numerous Ministries, Departments and MDA Agencies of the federal government
According to him, the Management of the Agency who must appear alongside the Accountant General is predicted to explain the mode of operation of the Fund in accordance with the Law which set it up.
Management is also required to explain the use of the 2.5% school tax collected from businesses and organizations on behalf of the federal government
The Committee also requested information on expenses, list of donors, gifts and general amounts involved.
He disapproved of a fiscal year in which the Agency no longer reported its excess price range to the federal authorities' consolidated account at the end of each 12-month fiscal year acquired from different MDAs.
>The committee asked the Federal Inland Revenue Service official, FIRS, to come forward to help conduct research into the agency's operations
This just happened to the committee, he gave 25 MDA chiefs who abstained from his several summonses a 24-hour deadline within which to honor his invitation or be arrested by the issuance of a warrant. 'stop
According to Oke, "we have reached a level where the Committee must exercise its constitutional power, we are not a dog that can become more efficient again but cannot bite
“The Clerk of the Committee is here to prepare the full list of affected persons, if until tomorrow morning we cannot have a preference to give it to the Speaker of the House of Representatives, Rep Femi Gbajabiamila to sign the arrest warrant”
Some of the agencies are: Tertiary Education Trust Fund, TETFUND, Universal Education Board, UBEC Nigerian Ports Authority, NPA, Ministry of Transportation, Nigerian Railway Corporation, NRC, Ministry of Works and Housing and others.
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