Many university vice chancellors under EFCC’s probe, NUC reveals

The National Universities Commission (NUC) on Tuesday, August 1, revealed that the Economic and Financial Crimes Commission (EFCC) has started investigating some vice chancellors of federal universities over alleged financial misdeeds.

The Executive Secretary of NUC Abubakar Rasheed made this known in Abuja, at a workshop on economic recovery growth by bursars of federal universities, Guardian reports.

We gathered that Rasheed also said the vice chancellors and bursars were indicted of corruption, while some were already being prosecuted.

According to him, some of them had fraudulently allocated over N5 million yearly to themselves as furniture allowance.

He urged the federal universities to adhere to presidential orders and ensure that extant federal circulars were applied.

He said: ''This NUC-Federal Universities’ meeting is coming at a time when the government is facing serious issues concerning revenue generation and management’’.

The secretary called for a stronger collaboration between the NUC and the bursars in implementing government’s accounting policies, budget preparation and collation.

He also said the NUC has so collected 240 applications from individuals and organisations to establish private universities.

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NaijaPrince.com: Many university vice chancellors under EFCC’s probe, NUC reveals
Many university vice chancellors under EFCC’s probe, NUC reveals
National Universities Commission (NUC) revealed that the Economic and Financial Crimes Commission (EFCC) has started investigating some vice chancellors of federal universities over alleged financial misdeeds.
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