According to Sonny Echono, the Executive Secretary of Nigeria’s Tertiary Education Trust Fund (TETFund), over 137 scholars who were sponsored abroad by TETFund have absconded and refused to return to Nigeria after completing their programs.
Echono made this statement while appearing before the House of Representatives ad hoc committee investigating the alleged misuse of N2.3 trillion tertiary education tax by TETFund.
Echono expressed concern over the scholars who enjoyed TETFund scholarships for higher education but did not fulfill their obligation to return to Nigeria.
He mentioned that TETFund is working with stakeholders to implement stringent measures against those who refuse to return, including forcing them to repay the funds spent on their programs or declaring them persona non grata.
Echono also mentioned that due to the exchange rate crisis, TETFund might suspend foreign scholarships and instead focus on local training in Nigerian universities.
Regarding the allegations of mismanaging funds, Echono denied the claims and disclosed that the federal government owes TETFund N371.3 billion, out of which N46 billion has been repaid thus far.
In his words;
“Some of the scholars that have been sponsored, unpatriotically when they go, they enjoy our scholarship, acquire a higher degree, then refuse to come back. It has become a major crisis.
“The scholarship requires that you will come back. It is required that you have a guarantor and in many cases, the guarantor has suffered undue hardship because when you disappear, we hold the guarantor to pay all the money expended on your behalf but that has not been effective.
“We believe that in a system where we work with our embassies and the institutions, we can enforce the repayment for those who insist they will not come back.
“We will write to the embassies and they will make it available to those countries and they will not be able to get jobs. They will be seen as fugitives of law from their countries.
“We may have to take that hard stand because the numbers are alarming. We just checked about 40 institutions and over 137 absconders and the review is ongoing.
“It is a huge number that we cannot afford and so we will be seeking your support to strengthen some of the existing regulations to ensure that those who benefit from this programme must come back.
“We are not against people looking for greener pastures but do so on your own, not through our scholarship or our sponsorship.
” Echono also said they might foreign scholarships due to the exchange rate crisis. He hinted that training will now be done locally through “our experienced, first-generation universities and other specialised universities” in the country.
Echono added; “We operate a system where our forex is being sold on our behalf at an official rate and we apply like anybody else to get it, sometimes it leads to additional cost.
“Currently as I speak, we are in consultations with all our stakeholders to suspend foreign training for a year or two. This is because of the recent exchange rate adjustments. We are unable to continue based on our disbursement guidelines.
“The money we allocated in naira cannot cover the dollar requirement for training. For those who are currently there, we now need more naira to pay for the dollar that is required for their annual fees. We are trying to put a hold.
”Also denying allegations of TETFund mismanaging funds to the tune of N2.3 trillion, Echono disclosed that the federal government is owing TETFund N371.3 billion out of which it has repaid N46 billion so far.”
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