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NDDC awarded over N1tn fraudulent contracts – ED

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The Interim Management Committee of the Niger Delta Development Commission on Wednesday disclosed how the agency awarded spurious contracts in the past three years to the tune of over N1tn without bei

ng backed by the commission’s budget.

He pointed out that the fraudulent contract awards were only open cheques for the contractors and their collaborators to fill in at the nearest banks, maintaining that ahead of the forensic audit, the verification to be carried out by his committee would expose the spurious contracts. “It is now common knowledge that some of the awards were not only spurious, but criminal as records available to us showed that most of the awards were not backed by budget, had no bills of engineering measurement or drawings and were just open cheques for contractors and their collaborators to fill in at the nearest banks.“In 2018, a total 1,057 emergency contracts valued at N162.69bn; and just seven months of 2019, a total of 1,921 emergency contracts valued at N1.07tn were awarded.

 

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