President Muhammadu Buhari yesterday warned that any university council or management found wanting of financial mismanagement or gross moral as well as ethical violations will face the full wrath of the law.
Speaking at the 6th convocation ceremony of the National Open University (NOUN) in Abuja, Buhari who was represented by the Executive Secretary, National Universities Commission (NUC), said he had directed the Minister of Education, Mallam Adamu Adamu, to demand quarterly reports from universities detailing their major financial and administrative activities.
He said: “As we move to address the existing needs of our universities, we demand that the leadership of these institutions reciprocate government’s gesture by judiciously utilising their funds with utmost integrity and probity.
“Any university council or management found wanting in relation to financial mismanagement or gross moral and ethical violations will be made to face the full wrath of the law.
“I have already directed the honorable Minister for Education to demand quarterly reports from all universities detailing their major financial and administrative activities.
“A template for such reports Wilson would be circulated to the universities by the federal ministry of education through the NUC.”
The president said his administration recognizes tertiary institutions as potent instruments of change in the collective resolve for the rebirth of a new nation.
He pledged: “We will continue to create the required conducive atmosphere for the private sector and individuals, as well as development partners of our nation.
“The federal government will not relent in its efforts to improve on the upgrade of infrastructural facilities such as powered roads to drive our industrialization process.”