Bailout Request: TETfund responds to stranded Nigerian scholars

The Tertiary Education Trust Fund (TETFund)


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“However, due to complaints by numerous scholars and certain observations on non-compliance to stipulated guidelines by beneficiary institutions, the mode of disbursement was reviewed in August 2019. With the review, TETFund commenced direct payment of tuition to foreign training institutions to mitigate the issue of exchange rate fluctuations, while disbursement of living expenses was still made to beneficiary institutions for retention in domiciliary accounts before transfer to scholars, as a way of protecting the scholarship bond signed with their employers. Based on the foregoing, TETFund has been up to date in tuition payment to the training institutions of all affected scholars and indeed other institutions where TETFund scholars undergo various programmes.

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