Prof. Suleiman Bogoro, the Executive Secretary of Tertiary Education Trust Fund, said the agency revoked approvals granted to some institutions over their inability to access their allocations for five years.
Bogoro made this known when Governor Abubakar Bello of Niger State visited him on Wednesday in Abuja.
According to Bogoro, TETFund is striving to maintain its institutional image, which is hinged on accountability and transparency.
He said: “Just about nine months ago, the Board of Trustees of TETFund had to vacate some approvals that have been lying for four to five years and were not accessed.
“For some, even ordinary Approval in Principle we never got from them.
“So we said no, there are some other institutions that need this money.
“We had to revoke them and re-allocate to other institutions.”
The TETFund boss said there were operational requirements that tertiary institutions in Niger State had not met, hence their inability to access much funds like other institutions in some states.
Earlier, Bello had expressed concern over the disparity in accessing TETFund intervention funds among higher institutions in the country.
He said the visit had offered him the opportunity of understanding TETFund modalities, adding that institutions in his state had to approach TETFund in the appropriate way.
He said: “I now understand how TETFund operates.
“We will go home and make corrections with regards to the procedure of accessing the funds.
“I will meet with authorities of tertiary institutions in the state and iron out the issues we have in terms of accessing TETFund interventions.”
Bello commended TETFund for it accountability.