ICPC detains Fides Et Ratio Academy founder Paul Chukwuma over contract scandal rocking TETFund
Chukwuma’s detention is the latest major development in the ICPC investigation that dates back to April
Paul Chukwuma, the founder and promoter of Fides Et Ratio Academy, an educational service provider, has been detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) due to his alleged involvement in a contract scandal currently affecting the Tertiary Education Trust Fund (TETFund)
Chukwuma was detained upon honouring ICPC invitation at the anti-graft agency’s headquaters in Abuja on Tuesday, as per Premium Times.
In April, it was reported how TETFund awarded a controversial N3.8 billion contract to Mr Chukwuma’s company and paid N2.9 billion to the company in four installments without following due processes, as per Premium Times NG.
Shortly after publication of the report in April, the anti-graft body detained TETFund’s Director of Finance and Accounts, Gloria Olotu, and grilled others including the Director of Human Resources and General Administration, Kolapo Okunola, and the Director of Information Communication Technology (ICT), Joseph Odo.
Chukwuma’s detention is the latest major development in the ICPC investigation that dates back to April.
The report added that ICPC’s spokesperson, Ademola Bakare, on Wednesday, confirmed Chukwuma was in the agency’s custody.
The suspect, a player in the education business in the country, was also on the list of members of governing councils of tertiary institutions recently released by the Nigerian government before President Bola Tinubu directed the review of the list.
Credit: Premium Times NG
