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The Tertiary Education Trust Fund (TETFUND) is embroiled in a massive financial scandal after the All Progressives Congress (APC) State Working Committee revealed receiving N325 million from a Nigerian government agency to manage the party’s day-to-day operations in Adamawa State.
According to GuruTrends, the money from the education fund was paid to the APC state committee in monthly installments of N25,000,000 from October 2023 to October 2024 and is now the topic of contention, with certain party leaders accusing others of misappropriation and management.
TETFUNF is a scheme established by the Nigerian government in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria.
It’s intended to serve as a “intervention agency set up to provide supplementary support to all levels of public tertiary institutions for the rehabilitation, restoration and consolidation of tertiary education in Nigeria.”
On Thursday, SaharaReporters obtained a petition from Adamawa State APC women’s leader, Mrs Patricia Yakubu, to the National Security Adviser, Nuhu Ribadu, whom she referred to as “our leader in Adamawa State APC,” in which she confirmed that TETFUND sent funds to the party in the state, but they were embezzled by some party leaders.
In the petition copied to the Senate President, Godswill Akpabio, President Bola Tinubu’s wife, Oluremi, and others, Mrs Yakubu explained how the state APC leadership had mismanaged and squandered funds meant to run the party and how she and others had been relegated from the party.
Her petition is titled, “A CALL FOR URGENT INTERVENTION: MONUMENTAL FRAUD, MISAPPROPRIATION OF PARTY FUNDS TO THE TUNE OF N500.000,000, NAME DROPPING, INTIMIDATION AND VIOLATION OF THE PARTY CONSTITUTION.”
Addressed to Ribadu, she said, “I wish to respectfully write, and as our leader in Adamawa State APC, to humbly draw your attention to some incessant violations of party constitution, injustice, monumental fraud and lack of matured leadership strides, being committed by few members of the State Working Committee, which might require your urgent intervention, despite your tight schedules, Sir:
“Ancillary Matters. Your Excellency, I now wish to draw your attention and seek for your intervention as our leader on. some very serious financial matters.
Corruption and Criminal misappropriation of Party funds:
a. Payment of =N=25, 000, 000.00 (Twenty-Five Million Naira) Monthly from TETFund started October, 2023 till October, 2024 totalling: Three Hundred and Twenty-Five Million naira (N325,000,000.00).
“The money is meant for running day to day party activities in and outude the state. The party account has been completely abandoned; the financial secretary has been removed as a signatory against the party constitution. Treasurer has been totally sidelined in all financial dealings. All Financial transactions are done through an individual account faccount details for investigation available).
“There was this time they collected three months at once totaling Seventy-Five Million naira (N75,000,000.00). Sometimes, these monies are paid through BDCs. All issues about these are kept secret by the Chairman, Secretary and Organizing Secretary, while some party executives and faithfuls are languishing in abject poverty, cannot afford to pay school fees, their children are home, some have died because they cannot afford hospital bills.
“b. Contracts from TETFund at FCE Yola and GMMC Yola for the benefit of the party was kept secret. They sold contracts and concealed the proceed. c. That sometime in December, 2023 the former minister of Education, Prof. Tahir Mamman, SAN, equally gave the Party Executives N15milliion Naira for Christmas but only Fifty Thousand naira (=N=50,000.00) was given to each Exco (which is less than million naira) therefore Forty Eight Million naira (N48,000,000,00) deficit unaccounted for.”
The state women leader continued in he revelation, adding that there is a plot to remove her from office and cover up all the atrocities and financial mismanagement.
“Plot To Remove Them. Your Excellency, please allow me to bring up another crucial matter here. Sometimes ago Aminu Bobboi put a call across to me that I signed a petition to remove the State Chairman, the State Secretary and the State organizing Secretary, which I know nothing about, I told him in very clear terms during the phone conversation. I reiterated to him that my role is to focus on improving the lives of our Party Women.
“Your Excellency, these two incidences are the key catalysts to the frivolous letter that J received inviting me to appear before a kangaroo disciplinary committee. The key objective Is to get rid of me as a State Woman Leader. So, I humbly plead to address these issues.
“Conclusion / prayers. Based on the above particulars of prima facie, pursuant to Article 21.3 (v) (a) of the Constitution of the All-Progressives Congress (APC) 2022 as amended, The Disciplinary committee as the case may be is under the obligation to recuse itself / seized with the original Jurisdiction to hear and determine the petition, thereby transferring it to the next higher organ of the party; currently there is total loss of confidence from the party faithfuls in the entire state, and orchestrated by the duo of the worst leadership under a cabal.”
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