Managing Director is required to provide evidence of compliance with the provisions of the Public Procurement Act, 2007 on Disposal of public assets or properties. Evidence of receipt of the proceeds from the sale of the properties should be forwarded to the Public Accounts Committee of the National Assembly and the Auditor-General for the Federation for confirmation, failing which the sum of N4,516,314,000.00 should be refunded to the Consolidated Revenue Fund. Otherwise, sanction stated in FR 3114 should apply.