MDA

Maritime Academy of Nigeria, Oron

Project Location/State

N/A State

Award Year

2018

Contract Sum

₦₦0.00

Amount Paid

₦₦0.00

Unaccounted

₦₦0.00

Context/Observation

Audit observed that a total of N1,809,086,753.20 was placed on fixed deposit with commercial banks.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

The Rector is required to explain the failure to follow Government investment directives and ensure full compliance. Evidence of compliance with the directives on the investment of public funds should be forwarded for audit verification. Sanctions within FR 3129 should apply.

Executive Action

N/A

Progress Report

N/A

Data Source

2018 Audit Report

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