MDA

Federal Polytechnic, Ekowe

Project Location/State

Beyelsa State State

Award Year

2010

Contract Sum

₦137.2m

Amount Paid

₦115.9m

Unaccounted

₦33.4m

Context/Observation

(i) Due process of award was not followed as relevant tender documents, project files, BOQs were not presented for audit scrutiny.
rn(ii) No contract agreement was entered into and signed by both parties so that
rnin the event of any default, relevant section of the contract agreement can be invoked.
rn(iii) Contrary to extant regulations, payments were not according to milestone achievements in project execution as only two (2) Payment Vouchers totalling N137,164,480.25 were used.
rn(iv) The contractor was overpaid with the sum of N21,186,774.25 without any known occurrence of contract variation.
rn(v) A contingency provision of N10,085,017.91 was embedded in the contract and paid to the contractor without any evidence of the contractor’s written request or breakdown of expenditure.
rn(vi) The payment of N122,164,480.25 on payment voucher No. 014 of 10/10/11 was made without the valuation certificate/valuation breakdown showing the level of work done before such payment.
rn(vii) The Tax elements of this Payment Voucher totalling N12,216,448.03
rnwere not deducted.
rn(viii) All the payment vouchers were neither pre-audited nor checked by the
rnrelevant units before they were paid.
rn(ix) These payments were made without provision for retention fee to guard against any defect found during the liability period.

Contractor

N/A

Beneficial Ownership Information

N/A

Legislative Recommendation

N/A

Executive Action

N/A

Progress Report

N/A

Data Source

2014 Audit report of F.G

Project Gallery

Click to enlarge image

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.