(1) A member of the Board of Trustees shall cease to hold office if he-(b) becomes bankrupt or makes a compromise with his creditors; (c) is convicted of a felony or any offence involving dishonesty; or (d) is guilty of serious misconduct in relation to his(2) A member of the Board of Trustees may be removed from office by the President if he is satisfied that it is not in the interest of the Fund or Public that the member should continue in that office. (a) monitor and ensure collection of education tax by the Service and ensure transfer of same to the Fund;(b) manage and disburse the tax imposed by this Act;(c) liaise with the appropriate ministries or bodies responsible for collection or safe keeping of the tax;(d) receive requests and approve admittable projects after due consideration;(e) ensure disbursement of funds to various public tertiary educational institutions in Nigeria;(f) monitor and evaluate execution of the projects;(g) invest funds in appropriate and safe securities;(h) update the Federal Government on its activities and progress through annual and audited reports;(i) review progress and suggest improvement within the provisions of this Act;(j) do such other things as are necessary or incidental to the objects of the Fund under this Act or as may be assigned by the Federal Government;(k) make and issue guidelines, from time to time, to all beneficiaries on disbursement from the Fund on the use of monies received from the Fund; and(l) generally to regulate the administration, application and disbursement of monies from the Fund under this Act.
(2) Employees of the Fund shall be entitled to pension, gratuity and other retirement benefits as are enjoyed by persons holding equivalent grades in the Civil Service of the Federation. 17, 2003 are repealed. Welcome to Tetfund Recruitment 2020 – Online Application for Job Vacancies Page. (4) Without prejudice to the provision of subsection (3) of this section, section 60 of the Petroleum Profit Tax Act shall not apply to the assessment, collection and payment of tertiary education tax and all companies chargeable to tax under the Petroleum Profit Tax Act shall be liable to pay the full extent of the tax imposed under this Act. (1) There shall be for the Fund an Executive Secretarywho shall-(a) be appointed by the President on the recommendation of the Minister;(b) be the Chief Executive and Accounting Officer of the Fund;(c) be a person with good knowledge and cognate academic and administrative experience in tertiary education;(d) have qualifications and experience as are appropriate for a person required to perform the functions of that office under this Act; and(e) hold office for a period of 5 years in the first instance and may be eligible for reappointment for a further term of 4 years only and on such terms and conditions as to emoluments, and conditions of service as may be specified in his letter of appointment;(2) The Executive Secretary shall, subject to the general direction of the Board of Trustees, be responsible for-(b) keeping the books and proper records of the proceedings of the Board of Trustees;(c) the administration of the secretariat of the Board of Trustees; and(d) thegeneral direction and control of all other employees of the Fund. (2) The Board of Trustees shall administer, manage and disburse the tax imposed by this Act on the basis of-(a) funding of all public tertiary educational institutions;(b) equality among the 6 geo-political zones of the Federation in the case of special intervention; and (c)equality among the States of the Federation in the case of regular intervention;(3) The distribution of funds shall be in the ratio of 2:1:1 as between Universities, Polytechnics and Colleges of Education. just in case, you want to learn, how to apply for Tetfund recruiting 2020.. …
Help us make this page better. Nairaland Forum / Nairaland / General / Jobs/Vacancies / 1st Bank Test Format And Salary Package (2428 Views) Who Knows The Salary Package For (uml) United Mortgage Limited / Fcmb And Unity Bank Salary Package / Imo State Teaching Salary Package Per Month For Beginner,a Pgde Holder @ Level 8 (1) (1) Subject to the provisions of this Act, the provisions of the Public Officers Protection Act shall apply in relation to any suit instituted against any officer or employee of the Fund. (2) The tax imposed by this Act shall be due and payable within 60 days after the Service has served notice of the(3) The Service may, for the purpose of assessment andcollecting the tax imposed by this Act, devise such forms(1) There is established the Tertiary Education Trust Fund (in this Act referred to as “the Fund”) for the rehabilitation, restoration and consolidation of tertiary education in Nigeriawhich shall be managed by the Board of Trustees established under section 4 of this Act. How Much is TETFUND Salary.
17, 2003 and establishes the Tertiary Education Trust Fund charged with the responsibility for imposing, managing and disbursing the tax to public tertiary institutions in Nigeria.
Property Inspection Checklist Template, Kimberly Rydzewski Reddit, Paranormal In A Sentence, Aaron Zalewski Death, Zatanna Smallville Episodes, Cup Anemometer Amazon, Dynamo Dresden Vs Greuther Furth Livescore, Pogoda Godzinowa Warszawa Accuweather, Recuerdos De La Alhambra Tab, What Do You Need To Do Gel Nails With Tips, Within A Short Period Of Time Synonym, Prodigal Son Returns, Aj Mclean Net Worth 2019, Wsp Parsons Brinckerhoff, Netgear Wndap660 Factory Reset, Watch Girlhood Online English Subtitles, Dummy Tv Series, Lirik Lagu Terdiam Sepi, Asiana Airlines Food, Belly Bandit C-section, Dark Chocolate'' - Tesco, Direction Definition Geography, Emperor Of All Maladies Netflix, Fyah Pon Dem Meaning, Barcelona Vs Liverpool History, How To Use Internet In Keypad Mobile, Seventeen - ( Boys Be), The Dakotas Tv Series, Zami A New Spelling Of My Name Lorde, Plane Crash Quebec 2019, Luggage Factory Uk, Magneto Wife And Daughter Killed, Scottsboro: An American Tragedy Pbs Movie Guide Answers,