Benue University owes N3.8 billion – VC

By: 
Agency Report
Date: 
22 Sep 2016

The Vice Chancellor of Benue State University, BSU, Makurdi, Msugh Kembe, says the institution is owing N3.8 billion. Mr. Kembe said this on Thursday at the opening ceremony of the retreat for Deans, Directors and Heads of Academic Departments of BSU in Makurdi.

He explained that the debt included arrears of pension, death benefits and earned allowances liabilities. “The university is in arrears of pension in excess of N500 million; death benefits liability of the university is close to N300 million while earned allowances liability is in excess of N3 billion,” Mr. Kembe said.
He said that BSU was no longer receiving overheads from the state government, adding that capital projects were mostly funded by Tertiary Education Trust Fund (TETFUND) and ALGON. The vice chancellor further lamented that efforts to improve internally generated revenue of the university by increasing user charges was frustrated.
In his address, the Pro Chancellor and Chairman of Council of BSU, Zachary Gundu, warned lecturers against sexual harassment, admission racketeering and corruption. “There are vices we must avoid if we have to build a BSU of our dream. Lack of transparency breeds rumours and speculations.

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