Business Corruption: Nigeria Saved N659bn From Inflated Contracts Between 2009 & 2014 - BPP

Temitope

Temitope Akinola
The Bureau of Public Procurements (BPP) has saved the country N659 billion from overpriced contract awards between 2009 and 2014.

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The Bureau's Director General, Emeka Ezeh said this on Tuesday in Abuja, at his paper presentation titled “Ending the scourge of abandoned projects in Nigeria.”

He said the sum amounted to the difference between the proposed sum for contract brought forward by Federal Government contractors in different ministries, department and agencies and what the bureau eventually approved.

He, therefore, urged the government to empower the BPP and similar institutions in order to curb corruption and minimize waste. He also advised states and local government to adopt the principles of BPP to curb corruption at all levels.

On abandoned projects, the DG said the three tiers of government had contributed to the trend, which according to him had resulted into a huge waste of resources.

He said delay in payment for jobs duly certified, contract splitting, use of fake documents by contractors, multiple ownership of companies by contractor, long delays in investigation and prosecution of cases, high level of connivance by MDA's with contractors among other things are responsible for project abandonment.


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