MDA

University of Ibadan

Project Location/State

N/A State

Award Year

2015

Contract Sum

₦56m

Amount Paid

₦39.2m

Unaccounted

₦N/A

Context/Observation

It was observed that while the award letters stipulated that the mobilization would be based on 15%, this was later discarded as the Contractor’s request for 70% mobilization fee totalling N83,235,056.45 (Eighty three million, two hundred and thirty five thousand, fifty six naira, and fourty five kobo) was granted.

This is against Public Procurement Act Section 35 (l) and Financial Regulation 2933 which states that a mobilization fee of not more than 15% may be paid to a supplier or contractor supported by an unconditional bank guarantee or insurance bond issued by an institution acceptable to the procuring entity. Also, Section 85(2) of the Procurement Act and Section 2438 (ii) of the Financial Regulation 2009, states that “No further payments shall be made to a supplier or contractor who has been paid mobilization fee except on the strength of an Interim Performance certificate (IPC) issued in accordance with the contract agreement”

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

N/A

Executive Action

N/A

Progress Report

N/A

Data Source

2017 Audit Report of the Federation

Project Gallery

Click to enlarge image

No submitted petition history found

Want to submit petition to Anti-Corruption Agency on this issue?

Let our “VfM AI” tool help you generate a unique petition and send it instantly to your preferred Anti-Corruption Agency for investigation!

Use "Submit Petition" button below to proceed

Seach for project by title, MDA, state, status, year…

Trending projects

Report project
in your community today

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

Contact

Newsletter

Stay in the loop, get all project updates straight in your inbox. 

© 2024 Value for Money. All right reserved.