Tuesday, 21st March 2023
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Echono has exhibited professionalism at TETFund, says NIM

Only a few months after his appointment as the Executive Secretary of the Tertiary Education Trust Fund (TETFund), Arc Sonny Echono, has continued to receive accolades


Only a few months after his appointment as the Executive Secretary of the Tertiary Education Trust Fund (TETFund), Arc Sonny Echono, has continued to receive accolades from associates and colleagues for his commitment to the vision and mission of the Fund.

Recently, the Council for Nigerian Institute of Management (NIM) came openly to extol the high level of professionalism demonstrated by the Echono in the running of the affairs of the Fund.
Represented by its Vice President, Dr. Christy Atako, the chairman and president of the Council, Major-General Abdullahi Muraina (rtd), made the observation when he led a team of the Council members on a courtesy visit to TETFund’s headquarters in Abuja.
The council described Echono’s appointment as befitting and well-deserved. According to the council, the appointment was a reward for the managerial pedigree Echono displayed in previous assignments he was saddled with, one of which was the Permanent Secretary, Ministry of Education.
Atako who led the council said: “I am happy to note that TETFund has not disappointed the nation since the inception of this administration. You have played a vital role in helping Buhari in achieving set objective of moving the nation forward through sound national planning policy.”
Speaking directly to the Executive Secretary, Atako stated: “You have equally exhibited professionalism in governance and management of the affairs of TETFund.”
Atako used the occasion to highlight some of the council’s contributions to nation-building and called for collaboration between the council and TETFund for mutual benefits and national development.
In his response, the Executive Secretary, represented by the Director, Executive Secretary’s Office, Arc. Uchendu Wogu, described TETFund as a management organisation. His description hinged on the understanding that functions of the Fund’s Board of Trustees centre majorly on the management of funds.
According to him, any organisation that aims at achieving its objectives, mission and vision, must embrace sound management principles and practices.
On the call for collaboration, Nwogu informed the delegation that TETFund has opened a window for partnerships in the area of research for non-public institutions through the National Research Fund intervention (NRF) and as such, the Institute can explore the possibilities inherent in it.
He also solicited continuous support from the staff of the Fund in the area of professional training by the Institute.
In another development, Echono admonished members of the country’s foremost professional accountancy body, Institute of Chartered Accountants of Nigeria (ICAN), to bring their professional prowess to bear on the ongoing reforms.
This, he said, will not only entrench transparency but stop the persistent leakage in every sector of the economy.
Echono also reiterated that the duty of accountants equally includes helping the country to devise systems, establish guidelines, and enforce internal controls and framework to ensure that the scarce resources available to the country are harnessed and channelled to address the needs of the nation.
Echono, who spoke when members of ICAN led by the 58th President, Alhaji Tijani Musa Isa, paid him a courtesy visit, stated that entrenching professionalism in every aspect will assist in repositioning this country through reformation of systems and re-establishment of values and principles that thrived before, during and immediately after independence.
He said: “We have a situation where our expenditure profile far exceeds our revenue receipts; and for the foreseeable future, this is going to subsist unless we take urgent measures to change focus for the productive sector of our economy.
“We must make haste to minimise those destructive tendencies that got us here. So, I want to encourage ICAN to lead this because you have the membership, you have the experience, and you can have the stature and reach in this country to make that change.”
Echono further commended the Institute for its contribution to the development of the country, noting that Nigeria stands very tall in the accounting comity across the entire globe.
“Our accountants are well respected globally because we have instituted systems,” he said.