According to a report by the Nigeria News Agency, President
Muhammadu Buhari has deducted from Paris Club Refund all outstanding
counterpart funds from defaulting states up to 2018 and paid to UBEC. The
Executive Secretary of the Universal Basic Education Commission (UBEC), Dr
Hamid Bobboyi, was quoted saying “I am glad to announce that technically, there
are no ‘un-access’ funds in UBEC up to 2018”.
The report further stated that the commission has disbursed all the
funds amounting to N142 billion; N71 billion from UBEC and N71 billion from the
states as counterpart funds.