The Tertiary Education Trust Fund (TETFund) has partnered with the Economic and Financial Crimes Commission (EFCC) to ensure the proper use of intervention funds by beneficiary institutions.

The collaboration was formalized during a courtesy visit by TETFund’s executive secretary, Sonny Echono, to EFCC chairman Ola Olukoyede in Abuja. Echono emphasized TETFund’s commitment to preventing financial misconduct and promoting transparency in the utilization of education tax funds.

During the meeting, Echono highlighted TETFund’s previous efforts to curb financial infractions, including working with the Bureau for Public Procurement (BPP) to educate institutional leaders on procurement processes.

He called for a similar initiative involving the EFCC to further strengthen the accountability of beneficiary institutions and their contractors in managing taxpayers’ money.

EFCC chairman Ola Olukoyede welcomed the partnership, noting that the collaboration would serve as a deterrent to those attempting to misuse funds. He urged TETFund to enhance its project monitoring efforts to prevent delays or abandonment by contractors, stressing the importance of integrity and accountability in managing resources derived from taxpayers.