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FG orders audit of unspent TETFund grants in universities.
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Institutions have 30 days to submit verified reports.
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Sanctions await schools failing to utilise funds efficiently.
The Federal Government has ordered all universities, polytechnics, and colleges of education to submit detailed reports on unutilised TETFund grants within 30 days, warning that sanctions will follow non-compliance.
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EKO HOT BLOG reports that Minister of Education, Dr. Tunji Alausa, issued the directive on Thursday in Abuja during a meeting with heads of tertiary institutions. He expressed concern that billions of naira in intervention funds remained idle in school accounts, hindering infrastructure development and academic progress.
According to him, the reports will be jointly verified, and unused funds may be reallocated to priority projects. “Carrying over unutilised funds without solid justification will no longer be tolerated,” Alausa said, stressing that institutions must align procurement plans with approved interventions.
He announced plans to introduce quarterly compliance reviews and capacity-building programmes to strengthen project management and financial reporting. A public dashboard will also be launched to display disbursement and utilisation data, while institutions will be required to publish project updates regularly.
“TETFund must enforce compliance and ensure transparency. Heads of institutions must take responsibility for driving accountability and urgency,” the minister said.
The Tertiary Education Trust Fund had previously warned institutions against hoarding unutilised funds. As of July 2025, the agency threatened to delist defaulting schools and divert their allocations to more efficient institutions.
Under the 2025 intervention cycle, TETFund allocated about N1.6 trillion to tertiary institutions across the country for security enhancement, direct interventions, and healthcare infrastructure projects.
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