The Economic and Financial Crimes Commission (EFCC) is probing financial irregularities levelled against some of the Vice Chancellors and Bursars of federal universities.
Vice-Chancellors of some Federal universities collected over N480, 000 as furniture allowance monthly, National Universities Commission (NUC) chief Abubakar Rasheed has said.
Prof. Rasheed broke the news at a workshop on economic recovery and growth for bursars of Federal universities yesterday in Abuja.
He accused some of the VCs of financial irregularities, flouting financial regulations and non-compliance with university regulations, especially extant federal circulars emanating from government agencies.
Rasheed spoke of a large disparity in the university system’s salary scale. He alleged that some VCs were living big in terms of salary and allowances, adding that some receive above a million while others receive less.
According to him, many universities allow their VCs to collect about N480,000 furniture allowance and N90,000 Duty Tour Allowance when top civil servants in the Education ministry collect about N20,000 as Duty Tour Allowance.
Acting EFCC Chairman Ibrahim Magu has fixed a meeting with bursars and the VCs who are under the agency’s investigation for this week.
