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Home Business News Politics

Senate Probes N200 Billion Education Tax Under Jonathan

Editor by Editor
December 4, 2015
in Politics
Senate Okays Lagos Development Loan Request
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The Senate is set to investigate the N200 billion education tax collected between 2012 and 2013 during the administration of ex-president Goodluck Jonathan.

In a motion filed by Senator Abdullahi Aliyu, it was noted that some institutions got multiple allocations of special intervention, while institutions that are their peers did not receive any within the period under review.

According to the motion, some funds were channeled to unknown and unspecified uses not recognized in or permitted under the Act setting up the Education Trust Fund.

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The motion noted “Tertiary Education Trust Fund Board granted a loan to the Federal Ministry of Education and also organised a workshop and pre-retreat in the United States of America and Kenya in 2014-2015 without recourse to guidelines of the Act”.

“About N500 million was budgeted for advertising and media in the 2015 bud¬get which contravenes the rehabilitation, restoration and consolidation of tertiary education in Nigeria, in ac¬cordance with Section 3(1) of the Tertiary Education Trust Fund Act 2011”.

Senator James Manager asked the Senate to extend the probe beyond 2011. He had argued that it was unfair for the Senate to single out Jonathan’s administration for scrutiny. He posited that it should be extended to 1999 to exhaustively cover all the areas.

The Senate mandated its Committee on Tertiary Institutions to invite the fund’s executive secretary to appear before it to explain and clarify issues of misappropriation of the fund. The committee is expected to report back to the Senate within one month.

 

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