‎FG Threatens Sanction Against Varsity Engaged In Financial Mismanagement

President Muhammadu Buhari has threatened to bring the full wrath of the law to bear on any university found wanting in relation to financial mismanagement or gross moral and ethical violations.‎

‎Buhari who was the Visitor at the 6th Convocation ceremony of the National Open University of Nigeria (NOUN), yesterday in Abuja, said his administration will continue to do the needful to improve the education sector despite the recession.

Represented by the Executive Secretary, National Universities Commission (NUC), Buhari said he had already directed Minister of Education, Mallam Adamu Adamu to demand quarterly reports from universities detailing their major financial and administrative activities.

null

null

He said: “As we move to to address the existing needs of our universities, we demand that the leadership of these institutions reciprocate government’s gesture by judiciously utilizing their funds with utmost integrity and probity.

“Any university council or management found wanting in relation to financial mismanagement or gross moral and ethical violations will be made to face the full wrath of the law.

“I have already directed the honorable Minister for Education to demand quarterly reports from all universities detailing their major financial and administrative activities. A template for such reports Wilson be circulated to the universities by the federal ministry of education through the NUC.”

The president said his administration recognizes tertiary education as a potent instrument of change in our collective resolve for the rebirth of a new nation.

“One of the core objectives of our administration is to promote the reorientation of our teeming youth across the federation on the need to acquire the skills and attitude of entrepreneurship for self-reliance to stem the tide of seeking for white collar jobs.

“This administration is strongly conscious of the fact that education is a veritable tool for political, social and economic development of a nation. Despite the present economic recession affecting the world generally and our nation in particular, my administration will continue to do the needful especially in placing the education sector on high pedestal of functionality.

“We will continue to create the required conducive atmosphere for the private sector and individuals, as well as development partners of our nation.

“The federal government will not relent in its efforts to improve on the upgrade of infrastructural facilities such as powered roads to drive our industrialization process.”


Meanwhile, the Vice Chancellor of the university, Prof. Abdulla Adamu said 31 students were awarded first class degrees out of the 12, 000 students that graduated.

Nkwor Jude Peter, of the Ikeja study centre, Lagos emerged the best graduating student from accounting with a grade point average (GPA) of 4.83.

Share

Leave a Comment