*Caution institutions to be wary of fraudsters
The Tertiary Education Trust Fund (TETFund) has raised the alarm over activities of some fraudsters using the name of the Fund to issue the Approval-in-Principle (AIP) to unsuspecting institutions.
In a statement made available to journalists in Abuja on Wednesday, TETFund cautioned tertiary education institutions not to fall victim to what he described as a big scam.
According to the statement by the TETFund’s Acting Director, Public Affairs, Mr Abdulmumin Oniyangi, on behalf of the Executive Secretary, Arc. Sonny Echono, the  fraudulent methods currently being adopted by these unknown  individuals includes the issuance of AIP to  unsuspecting institutions using the letter head of the Fund and handing same to members of the public in exchange for gratification.
It added that all communication from TETFund is made  directly to beneficiary institutions and through open transparent  channels.
The statement reads in part; ‘’The attention of the Management of Tertiary Education Trust Fund (TETFund) has been drawn to some fake Approvals-in-Principle (AIP) quoting outrageous sums as allocations to some institutions that are not even beneficiaries of the  Fund. So far, this has been mainly concentrated in and around Jos, Plateau State.
‘’The fraudulent methods currently being adopted by these unknown  individuals or groups includes the issuance of Approval-in-Principle to  unsuspecting institutions using the letter head of the Fund and handing same to members of the public in exchange for gratification.
‘’The Fund wish to inform the public that A.I.P is not tantamount to award of contracts and does not confer financial benefits to third parties. Its issuance is  based on allocations of funds specifically to beneficiaries of TETFund which in this case are the Public Universities, Polytechnics and Colleges of Education as expressly stated by the laws establishing TETFund.
‘’The Management, therefore, dissociates itself from the activities of these individuals or groups and advise stakeholders and the public to be wary of the activities of these fraudsters who come under the guise of consultants to TETFund to defraud unsuspecting Nigerians. All communication from TETFund shall be made directly to beneficiary institutions and through open transparent channels.
‘’For further clarification on the activities of TETFund, kindly visit our website www.tetfund.gov.ng’’.
