Alleged N3.8bn TETFUND fraud: I’m not in ICPC custody – Chukwuma

Founder and promoter of Fides Et Ratio Academy, an educational service provider, Paul Chukwuma, has denied being arrested and detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over his alleged involvement in contract scandal currently rocking the Tertiary Education Trust Fund (TETFund). Chukwuma was said to have been detained by the […]

Founder and promoter of Fides Et Ratio Academy, an educational service provider, Paul Chukwuma, has denied being arrested and detained by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over his alleged involvement in contract scandal currently rocking the Tertiary Education Trust Fund (TETFund).

Chukwuma was said to have been detained by the commission upon honouring invitation at the anti-graft agency’s headquaters in Abuja on Tuesday.

It was alleged that TETFund awarded a controversial N3.8 billion contract to Chukwuma’s company and paid N2.9 billion to the company in four installments without following due processes.

Chukwuma, reacting to the development in a statement signed by his Media Assistant, Obi Chukwuemeka, stated that the report is entirely false, adding that he is currently at work in his office and not in detention.

Noting that his firm, Fides et Ratio, has always complied with contractual obligations and adhered to the principles of accountability and transparency, he acknowledged the ICPC’s mandate to supervise contractual requirements and request documents to ensure compliance.

“Once requested, every law-abiding company is required to comply with the agency’s request and provide requested documentation.

“Fides et Ratio will continue to collaborate with the ICPC to demonstrate adherence to regulatory provisions, as the company is built on transparency and respect for the law,” he added.

Chukwuma urged the general public to disregard any further “misleading” publications.