Corruption Infested Parastatal Under Adamu Adamu’s Education Ministry Receives 500billion
http://247ureports.com/2021/02/corruption-infested-parastatal-under-adamu-adamus-education-ministry-receives-500billion/
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While the whirlwind of corrupt activities inside the Malam Adamu Adamu’s led federal ministry of education continues to filter into the public arena, the parastatals under the education ministry continue to receive monies from the Federal Inland Revenue [FIRS]. According to information made available to 247ureports.com, the sum of N500billion was recently paid into the accounts of the Tertiary Education Trust Fund [TETFUND] on the last week of January 2021.

According to constitutional stipulation, the FIRS collects education levies on behalf of the ministry and forwards the collect monies directly to the concerned parastatal. The said monies are to be used for the development of tertiary institutions in Nigeria – the universities, college of education and polytechnics. Particularly, new tertiary institutions that require infrastructural projects.

However the TETFUND, of late, have been turned into a private cash cow for the immediate family members of the federal minister of education, Malam Adamu Adamu who according to sources have set up a web of fraudulent contract schemes to milk the TETFUND of it funds.

Na wa oh

Virtually all Federal Government Institution are Corrupt