By James, Michael Igiri
The National Universities Commission has revealed it is currently processing
applications from 240 individuals and organisations to establish private universities in
The Commission’s Executive Secretary, Prof. Abubakar Rasheed, said this in Abuja
on Tuesday during a meeting with bursars from 40 federal universities.
During the parley Prof. Rasheed urged the bursars to be honest and thorough in
financial allocations to their universities, and noted it was embarrassing that the
Economic and Financial Crimes Commission found corrupt practices in the university
He said, “Interactions of this nature are to improve our country’s university system. It
may be of interest to you that the university system in Nigeria is growing. We have as
of today 153 universities. We have federal, state and private universities.
“We have 68 private universities which is the highest of the three categories. And the
number is growing because the NUC is currently processing over 240 applications for
private universities in the country.
“We decided to invite all of you, federal universities’ bursars. There are many areas
where you have to put your heads together.”
He gave a hint on an impending visit by the Chairman of the Economic and Financial
Crimes Commission ( EFCC), Ibrahim Magu, to discuss the investigations of some
VCs among other issues.
“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 any 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,” he concluded.