Across Nigeria Main News News

EFCC on the heels of vice-chancellors

Fast losing their time-honoured identity as citadels of learning, many of the country’s universities have found new uniqueness in corruption.

One of such is the N480,000 monthly furniture allowance that vice-chancellors of some federal universities collect. The Executive-Secretary of the National Universities Commission, Abubakar Rasheed, who revealed this, recently, said it was indefensible. They fleece the finances of their institutions along with the bursars.

Besides, their salaries differ depending on the secret pact each VC entered into with the bursar. The NUC boss says this is anomalous, against the backdrop of the fact that the 40 federal universities are financially dependent on the Federal Government. How long these abuses have festered unnoticed and the VCs involved are not publicly known just yet. With the questionable allowance, a VC whose tenure is for five years would have pocketed N28.5million illegally by the time he had served it out.

Click here to read more

Subscribe to News Update

Enter your email address to subscribe to this blog and receive notifications of new posts by email.


%d bloggers like this: