A panel of the House of Representatives reportedly discovered unaccounted for N501 million
– The fund is part of the contract awarded by the ministry of communication
A committee panel of the House of Representatives has reportedly revealed that N501 million is unaccounted for in a contract that was awarded by the ministry of communication.
The Cable reports that this was revealed at a hearing on Thursday, September 27.
The panel which is set up to investigate abandoned federal government projects reportedly discovered that the unaccounted for money is part of the N1.2 billion released for the purchase of radio monitoring equipment projects.
Musa Istifanus who is the permanent secretary of the ministry of communication said due to some unresolved issues, the project was terminated.
He said: “As you are aware, the ministry has one or two abandoned projects and the reason is that one of those contracts was terminated due to unresolved issues with the contractor”.
Olusanya Agbe who is the director of procurement at the ministry said the death of one of the principal partners identified as Dan Kabo in 2004 was one of the causes of the problem.
He said the “over N4 billion contract was divided into three different schedules, with the ministry releasing a total sum of N1.176 billion for the project out of which N675.2 million was utilised by the contractor and N501.7 million unaccounted for”.
He said “another principal partner of the onshore component also died shortly after collecting N200 million.”
The permanent secretary said reassessing the whole procurement and restructuring it from scratch was one way to salvage the situation.
He said: “Currently, the ministry is deploying radio monitoring equipment mounted on trucks and they are already becoming obsolete due to the arrival of updated ones into the market.”
Meanwhile, the Kaduna zonal office of the Economic and Financial Crimes Commission (EFCC) on Wednesday, September 25 arraigned one Nuhu Ibrahim Shuaibu (alias Ishaku Abdulrazak).
Shuaibu was arraigned before Justice P. Mallong of the Federal High Court, sitting in Kaduna on four-count charges that border on impersonation and fraud to the tune of N65,150,000.
Shuaibu’s had some time in 2017introduced himself as NNPC’s group managing director, finance and accounts to a businessman, Mallam Faisal Safiyanu, whom he promised to assist in the procurement of between 2,000mt to 2,500mt of petroleum products.
Over a period of time, the plaintiff paid a total sum of N65,150,000 to the defendant in three instalments.
After the payments, all efforts by the victim to get the defendant supply the promised petroleum products proved abortive.