 The House of Representatives is set to investigate the alleged abuse of £2.3 million generated from the tertiary education tax by the Tertiary Education Trust Fund from 2011-2013. The House set up an ad hoc committee following the adoption of a motion by Ulusola Fatua and two other lawmakers. The House noted that the tertiary education tax was introduced as a special corporate tax to provide specialized funding for tertiary education in Nigeria, including capital projects, research and development among others. It recorded that the tax was introduced based on the repealed Education Tax Act, which established the Education Trust Fund to impose an education tax on Nigerian companies at a rate of 2.5% of their accessible profit for the annual assessment. The Education Tax Act was repealed and the Tertiary Education Trust Fund established that in 2021, the finance acts increased the applicable tertiary education tax rate from 2% to 2.5% aware that in the establishment of the tertiary education trust fund in the Tertiary Education Trust Fund, the fund has earned trillions of Naira as revenue generated. However, the fund is reputed for numerous Banasia abuses in the Tizoprations award for the Tertiary Education Trust Fund.