Reps probe nine universities over alleged financial discrepancies

The House of Representatives Committee connected University Education has launched an probe into alleged fiscal irregularities successful 9 national universities and different tertiary institutions, demanding explanations from their managements implicit the usage of nationalist funds.

The committee besides directed the Vice-Chancellor of the University of Lagos, Prof. Folasade Ogunsola, to taxable the institution’s fund records for 2024, 2025 and 2026 and look earlier lawmakers adjacent week implicit an alleged N7.1bn discrepancy successful its fiscal records.

The committee chairman, Abubakar Fulata, disclosed this connected Saturday successful a connection pursuing an oversight sojourn to universities and inter-university centres crossed the South-West.

He said the workout exposed inconsistencies successful fiscal reports, inadequate transparency and imaginable breaches of budgetary regulations successful immoderate institutions.

Fulata questioned however immoderate universities arrived astatine their reported gross and expenditure figures, particularl...