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TETFund Revenue Collection Drops By N68bn In 2022

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The Tertiary Education Trust Fund has revealed that its revenue collection for 2021 used for its operations in the 2022 fiscal year dropped by N68billion.

The executive secretary of the fund, Sonny Echono, disclosed this in a one-day meeting of the heads of beneficial institutions in public tertiary institutions with the TETFund.
Echono said that the revenue collection dropped from N257bn to N189bn, adding that the drop in revenue amounted to N68bn.
He therefore said that in spite of the drop, the fund was able to move from the N189billion in 2021 to over N300billion in 2022, adding that the increase in collection was expected to increase disbursement to beneficiary institutions in 2023.
“Our collections yield to our disbursement to you. We received N189 billion as against N257billion in 2021 which is a deficit or shortfall of N68billion in revenue and this has impacted on what you get from us.
“Yet, I am pleased to report that despite this challenge, in the last eight months, we have disbursed more funds to you than any year in the establishment of the fund.
“Our primary duty is actually a disbursement agency and we are expected to ensure that this is done judiciously for the purposes of funding projects in the various institutions,” he said.
Echon also noted that the president is committed to increasing the funding for education and with the support of the National Assembly, the tax rate was increased from 2 to 2.5 per cent, adding that is was a deliberate effort at mobilising resources for the fund.

Echono further said that the 2022 zonal intervention would focus on improving and expanding its ICT capabilities to catch up with the rest of the world in the ICT space for needed national development.

He added that the fund was also reviewing its processes for enhanced and better service delivery to beneficiary institution, while also focusing on entrepreneurship and innovation hubs for hands-on training.

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Edo NLC Crisis: Caretaker Committee Drags Rival Exco, Govt To Court

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The division in the Edo State Council of the Nigeria Labour Congress (NLC), took a new dimension on Wednesday as Prof. Monday Monday Lewis Igbafen-led caretaker committee approached the National Industrial Court of Nigeria, Benin Judicial Division, seeking to affirm its authority and restrain a rival executive from parading itself as the council’s leadership.

Joined in the suit are the Edo State Government, the Commissioner for Labour and Productivity, and the Attorney-General and Commissioner for Justice.

In a suit marked: NICN/BEN/12/2026, and filed before the court in Benin, the claimant, Igbafen, acting for himself and on behalf of the NLC Caretaker Committee in Edo State, is challenging the continued occupation of the union’s secretariat and control of its assets by members of the Bernard Egwakhide-led factional State Executive Council.

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READ ALSO:Edo NLC Divided Over May Day Celebration

The claimants are asking the court to declare that the caretaker committee (Igbafen-led faction), constituted on August 11, 2025, by the NLC national leadership, remains the only lawful authority to administer the affairs of the Edo State Council pending fresh elections.

They further seek a declaration that the continued occupation of the NLC secretariat located at No. 1 Teboga Road, Benin City, as well as the retention of union assets, financial records, and official instruments by the defendants, is illegal and void.

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The suit also prays for an order of perpetual injunction restraining the defendants from parading themselves as officials of the NLC Edo Council or interfering with the functions of the caretaker committee.

In addition, the claimants are seeking a mandatory order compelling the defendants to immediately hand over the secretariat, vehicles, financial documents, cheque books, and all other properties belonging to the union.

READ ALSO:JUST IN: NLC Begins Meeting With ASUU, Other Unions Over Strike

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The caretaker committee further urged the court to restrain the state government and its officials from interfering in the internal affairs of the union, alleging undue support for the dissolved executive.

The claimants further demand N50 million as general and exemplary damages against the defendants for alleged unlawful usurpation of office and acts prejudicial to the administration of the council.

According to court documents made available to our correspondent, the crisis followed the dissolution of the Edo State Council by the NLC National Executive Council on February 27, 2025, over allegations of misconduct, anti-union activities, and constitutional violations.

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However, the matter has yet to be assigned a hearing date.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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