ICPC Investigates Three TETFUND Directors Over Alleged N3.8 Billion Contract Fraud

THE Independent Corrupt Practices and Other Related Offences Commission (ICPC) has grilled three directors of the Tertiary Education Trust Fund (TETFUND) over alleged N3.8 billion contract fraud.
The three directors questioned include the agency’s director of finance and accounts, Gloria Olotu, the director of human resources and general administration, Kolapo Okunola, and the director of information communication technology (ICT), Joseph Odo.
The officials reportedly arrived at the ICPC office in the Federal Capital Territory (FCT) between 10 a.m. and 11 a.m. on Thursday and were questioned until around 6 p.m.
The ICPC spokesperson Ademola Bakare told The newsmen on Saturday, April 27, that contrary to wide speculations, the commission did not arrest the executive secretary (ES) of TETFUND, Sonny Echono.
“It’s a director, one Dr Gloria Olotu that was in our custody and helping us with our investigation presently, not the ES,” he stated.
According to Bakara, Olotu could not meet her bail conditions on Thursday but has now been released.
Bakare did not disclose the actual offence committed by the three ICPC directors.
Premium Times reported on Monday, April 22, about a contentious TETFund contract award of N3.8 billion to Fides Et Ratio Academy, an educational service provider.
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