The Economic and Financial Crimes Commission (EFCC) is investigating most of the Vice Chancellors and Bursars of Federal Universities over alleged inappropriate utilisation of the institutions finance.
Executive Secretary of the National Universities Commission (NUC), Professor Abubakar Rasheed, made this known in Abuja, at a meeting with Federal Universities bursars and finance officers of the inter-varsity centre.
Investigations so far, according to him, revealed that some of the Vice Chancellors are allocating to themselves, as much as N480,000 monthly as Personal Furniture Allowance and N90,000 Duty Tour Allowance, in violation of the financial regulations.
Rasheed, who expressed concern over the abuse of limited autonomy given to the federal universities, said EFCC investigators will likely invite the Vice Chancellors to a meeting in September.
He said “There are many areas where you have to put your heads together. We have a lot of problems and you know them. If we may ask you as Bursars in federal universities, what salaries do you pay your Vice-Chancellors? You will see that there may be as many salaries as there are many universities here. And this is one of the sources of crises.
“If all the 40 federal universities pay one single salary to all the VCs, that problem will have been resolved. This is why many of the university people are being taken to the Economic and Financial Crimes Commission.
“The EFCC is investigating so many universities as you are aware. One of the areas being investigated by the EFCC is the Furniture Allowance.
“Many universities fail to interpret what we mean by the Furniture Allowance. Common sense tells us that the government will never allocate N5.77m as furniture allowance to the VC. Yet many bursars in many universities allow vice chancellors to take N480, 000 monthly as furniture allowance and you know it is wrong.
“This is why whenever the EFCC comes, there is crisis, and the VCs and the bursars are the easy targets. This interaction is to address these issues,” Rasheed said.
He also said that the commission is processing 240 applications for the establishment of new universities in the country
At the moment, there are 68 private universities and 85 public universities in the country.