The University of Lagos (UNILAG) and the West African Examinations Council (WAEC) have two weeks to provide details of their revenue and expenditure to the Senate Committee on Education.
The university and the examining body were among the educational institutions the committee visited in Lagos as part of its oversight functions Monday and Tuesday.
At UNILAG, where the Committee was received by the Acting Vice-Chancellor, Prof Rahman Bello, Deputy Vice-Chancellor (Management Services), Prof Jide Alo and Registrar Oluwarotimi Shodimu, it requested for details from the management on the cost implication of the proposed change of name of the university to Moshood Abiola University, Lagos (MAULAG) by the federal government.
The Senate also sought to know if there was a consultation between the university authority and federal government on the name change.
The committee also asked the university to furnish it with its Internal Generated Revenue(IGR) profile between 2005 and 2011. It also wondered why UNILAG major sources of revenue are derived from tuition instead of creative entrepreneurial engagement considering its location in Lagos, a Centre of Excellence and one of the commercial heart of the nation.
Chairman of the committee Uche Chukwumerije, said one expected that UNILAG should be earning three times better than it does if it is tapping from the opportunities offered by Lagos.
The committee, however, commended the university's aesthetic appeal and conducive learning environment.
At WAEC, the seven-member committee faulted the inadequate information provided by the body about its IGR and expenditure.
The Senators, including Prof Sola Adeyeye (Vice-Chairman), Joshua Dariye, Mazi Sony Ogwuruche, Abubakar Atiku Baguda, Ahmad Lawan, and Mrs Oluremi Tinubu also questioned why the examining body had not developed a befitting headquarters from its IGR.
Senator Lawan described the document provided by WAEC on the performance of its budget and appropriation as not detailed enough.
"I expected you would provide the number of candidates, how much each was charged and your expenditure, and I am wondering whether the committee would not be supervised better if more details were provided," he said.
In his presentation earlier, Head of WAEC National Office (HNO), Dr Iyi Uwadiae had sought the committee's intervention in getting more funding for capital projects, the most urgent of which is the development of a befitting headquarters space, as well as provision of scanner machines for the grading of multiple-choice questions.
"Government has helped in terms of recurrent expenditure, but in the area of capital projects, we have not been assisted. This has affected some of our functions. We can release results in two weeks if we have more scanners. This building is older than most WAEC staff. If you see the outlook of the building, you will agree it is not befitting of an organisation that is 60 years old," he said.
However, responding, the senators questioned how a sister examining body, whose name was not mentioned but likely the National Examinations Council (NECO) managed to put up impressive structures at its headquarters in Minna, Niger State, mostly from IGR.
"I am very familiar with this building. In the 70s, I used to chase a lady here, and it has not changed since then. Like they said, we are wondering how a sister body was able to build its headquarters with IGR and why WAEC cannot do same," he said.
The senators also raised eyebrow on the amount the examining body spent on medical allowance, vehicle maintenance, insurance, and newspapers in 2011 and 2012.
The committee also visited the Lagos State Universal Basic Education Board (LSUBEB), Federal College of Education (Technical), Akoka, Yaba College of Technology, and the Nigeria French Language Village, Badagry. -THE NATION
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