‘FG Will Punish VCs Found Guilty Of Misusing Intervention Funds’: ‘FG Will Punish VCs Found Guilty Of Misusing Intervention Funds’ Kuni Tyessi — Dec 25, 2014 | Leave a comment Minster of Education Mallam Ibrahim Shekarau, yesterday, disclosed that severe punishment awaits any university management who invest universities intervention funds to earn interest. He revealed this in Abuja, at a one-day sensitization retreat on the implementation of needs assessment intervention in Nigerian public universities. According to him, “The first place this retreat is about calling their attention to the need to on the need assessment funds you will all recall led sometime last year the government agreed to released 1.3trillion to address all the most basic problem of our universities especially in the area of infrastructure staff development and training “We thought, we should bring all the Vice Chancellor and all their management staff concern with management of fund to inject into their heads that this money coming must be prudently utilize and there is implementation monitoring committee put in place chair by my humble self will be monitoring every naira and kobo release to every universities and we will make sure that due process is complied with we will not spare any head of any institutions that violate the rule and regulation guiding the expenditure of this funds. “Distinguished participants, please permit me to sound a note of warning. On no account should universities invest the intervention funds to earn interest. There must be no delay in meeting financial obligations to contactors, vendors, suppliers and staff undergoing training. All beneficiaries are required to maintain a single dedicated bank account to which funds released by IMC are lodged, and from which the universities settle their contractual obligations. The intervention funds cannot be paid into any other account. Any change of account must receive the prior approval of IMC.” He added that; “The quest to realize our desired national goals calls for collective responsibility, co-operation and commitment of all stake-holders. Councils must ensure that the products of our universities are equipped with necessary and relevant skills and competencies to fit in the labour market, and ensure an all-round development of the nation. With the quantity of funds injected into the tertiary education sub-sector this year, the Federal Government expects a reasonable infrastructural transformation of our Universities in the next few years. “The Report submitted by the Committee on Needs Assessment of Nigerian Public Universities in 2012 shows that physical facilities for teaching and learning such as classrooms/lecture theatres, laboratories, workshops/studios and libraries were inadequate, dilapidated, overcrowded and improvised. “Hostel accommodation had rapidly deteriorated due to intense pressure on existing facilities, resulting in overcrowded rooms and overstretched lavatories and poor sanitation. Municipal facilities such as campus roads, water, electricity, medical facilities are no better. Many of the Universities had a litany of abandoned projects. Learning/research resources were unavailable, insufficient or out-dated. The Universities were grossly understaffed; many of the staff available requires capacity building or re-training. « Previous Article Who Is Behind LASU Crises? Original link Read More goo.gl/CmuCO9 (y) ✍comment ☏share
Posted on: Thu, 25 Dec 2014 11:24:08 +0000
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