The Tertiary Education Trust Fund, TETFund, has recommended termination of contracts and sanctions for erring contractors handling projects in institutions benefiting from its various interventions.
Executive Secretary of TETFund, Arc Sonny Echono, disclosed this at the 2021 Annual General Meeting of the Procurement Professionals Association of Nigeria, PPAN, in Abuja.
Echono, who acknowledged that there were challenges of high cost of materials in the last one year, said the fund has been coping with the situation as it has designed ways of responding to it.
He however noted that TETfund is working with regulatory authorities to get support towards ensuring that there were no abandoned projects in its beneficiary institutions.
Echono who spoke on tackling corruption in procurement, emphasized the need for training and retraining of those involved in the process.
In his remarks, the Chairman Board of Trustees, Public Procurement Association of Nigeria, Engr Emeka Eze, highlighted the provision of the procurement act that allows beneficiaries of TETfund interventions to engage the services of contractors of their choice.
The procurement professional Association of Nigeria is the foremost professional association for the regulation and coordination of procurement activities in the country with members drawn from both the private and public sector.