Audit observed that:
i. The sum of 4,902,349.50 (Four million, nine hundred and two thousand, three hundred and forty-nine naira, fifty kobo) was included and paid as Contingency in the Bill of Engineering Measurement and Evaluation (BEME) for seven (7) contracts awarded by the Authority;
ii. The contingency was included in contract sum and was paid at the first interim certificate, few days after the award of the contract without due process, and
iii. The payments were made without any report and approval from the Tenders Board Committee.
The Managing Director is requested to:
i. Furnish reasons why contingency included in the contract sum was paid.
ii. Recover and remit to Treasury the sum of 4,902,349.50 (Four million, nine hundred and two thousand, three hundred and forty-nine naira, fifty kobo), paid as contingency.
iii. Forward evidence of remittance to the Public Accounts Committee of the National Assembly, and
iv. Otherwise, apply sanctions relating to payment for jobs not executed specified in paragraph 3104 (iii) of the Financial Regulations.
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