Audit observed that:
i. Ten (10) contracts worth 473,122,058.49 (Four hundred and seventy-three million, one hundred and twenty-two thousand, fifty-eight-naira forty-nine kobo) from Capital Projects and the Authority’s Zonal Intervention Project, awarded to some contractors, were transferred from the original contractors they were awarded, to different contractors;
ii. There were insider dealings leading to circumvention of due process put in place by the Federal government for accountability and transparency;
iii. No written letter was received by the Authority from the individual contractors transferring their contracts to other contractors with a Power of Attorney;
iv. There was no evidence that the contractor has executed previous job in that area of specialization, which may have necessitated the transfer. This action puts the competency to deliver on the contract in doubt and thereby suggested that the process of selecting these contractors was not done with due diligence;
v. The contract was not transferred to the second successful bidder rather it was given to a contractor that was not part of the bidding process for that particular contract, and
vi. The contractor that was awarded the contract that initiated the transfer, there was no correspondence between the Authority and the contractor on these transfers neither was it approved by the relevant authority. The new contractor may not have the required expertise to meet the criteria for that particular contract thereby contravened the provisions of Public Procurement Acts (2007),