Audit observed, from the examination of the University’s contract files and other related procurement records in respect of funds allocated to it through the Tertiary Education Trust Fund (TETFUND), that the Fund approved the sum of N156,956,310.00 for the procurement of furniture and other equipment to be installed in some departmental offices and two lecture theatres as observed during the audit for the period January, 2014 to May, 2017 which was carried out in July, 2018. However, the following infractions were observed from the procurement process.
(a) Documents such as newspaper advertisement, bidders’ quotations, etc. evidencing that the process was conducted by open competitive bidding were not presented for audit verification.
(b) Due process ‘Certificate of no Objection’ from the Bureau of Public Procurement as well as the report of the Procurement Planning Committee of the University were not presented for audit scrutiny.
(c) Contrary to the provisions of Section 35(1) of the Public Procurement Act, 2007 and FR 2933(1) that prescribe a mobilization fee of not more than 15% of the contract price, the University paid a mobilization fee of 50% of the contract price to the contractors.
(d) The items purported to have been supplied were neither taken on Store Ledger Charge nor recorded in the Assets Register, in contravention of FR2206
The Vice Chancellor is required to account for the sum of N156,956,310.00. Otherwise, the amount should be recovered and paid to the Consolidated Revenue Fund of the Federal Government. In addition, sanctions stated in FR 3117(i) and (ii) should apply.
N/A
N/A
Click to enlarge image
Seach for project by title, MDA, state, status, year…
Do you know of project(s) in your community that has been abandoned, not executed or poorly implemented. Our team is ready to help you track it and get government to act.
Value for Money allows you to track, report and act on audited development projects abandoned, not executed or poorly implemented in your community to ensure public funds are efficiently, effectively, and economically utilized to improve service delivery to you and other citizens in Nigeria
Stay in the loop, get all project updates straight in your inbox.
