The Executive Secretary of the Tertiary Education Trust Fund (TETFUND), Sonny Echono, says the federal government is owing the organisation N323 billion.
According to Premium Times, Mr Echono said the federal government borrowed N371.3 billion from the agency but has only refunded N48 billion so far.
He stated this on Tuesday when he appeared before an ad hoc committee of the House of Representatives investigating the alleged missing N2.3 trillion in TETFUND.
The House had last Tuesday set up the Committee, headed by Oluwole Oke (PDP, Osun), to investigate the alleged abuse of N2.3 trillion generated from the Tertiary Education Tax by the Fund from 2011 to 2023.
In his remarks, Mr Echono denied the allegation of mismanaging the funds, noting that the federal government is owing the fund.
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