Scam Alert: TETFund Raises Alarm Over Circulation Of Fake Approvals-In-Principle By Fraudsters

The attention of the Management of Tertiary Education Trust Fund (TETFund) has been drawn to some fake Approvals-in-Principle (AIP) quoting outrageous sums as allocations to some institutions that are not even beneficiaries of the
Fund.

According to a statement made available to journalists by Ag. Director, Public Affairs, TETFund, Abdulmumin Oniyangi this has been mainly concentrated in and around Jos, Plateau State.

He said, the fraudulent methods currently being adopted by these unknown
individuals or groups includes the issuance of Approval-in-Principle to
unsuspecting institutions using the letter head of the Fund and handing same to members of the public in exchange for gratification.

The Fund therefore, wishes to inform the public that A.I.P is not tantamount to award of contracts and does not confer financial benefits to third parties. Its issuance is based on allocations of funds specifically to beneficiaries of TETFund which in this case are the Public Universities, Polytechnics and Colleges of Education as expressly stated by the laws establishing TETFund.

The Management, therefore, dissociates itself from the activities of these individuals or groups and advise stakeholders and the public to be wary of the activities of these fraudsters who come under the guise of consultants to
TETFund to defraud unsuspecting Nigerians.

Note that, all communication from TETFund shall be directly to beneficiary institutions and through open transparent channels.

Members of the public are advised to visit TETFund website www.tetfund.gov.ng for further clarification on the activities of TETFund.

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