Business

Umahi violates Procurement Acts, pays N9.3 billion road project funds to Microfinance Bank – BudgIT Report  

Tracka, BudgIT’s platform for monitoring service delivery, has alleged that the Minister of Works, David Umahi disbursed a total of N9.3 billion from the Federal Ministry of Works to FIMS Microfinance Bank Ltd, an apparent violation of the 2007 Public Procurement Act. 


According to Tracka, the payment was made between June and December 2023 for 62 projects, including the construction of road projects across the country, amongst others. 


Providing complete details of the transactions in its publication seen by Nairametrics, the projects include the payment of N1.4 billion construction of Yaba-Yangoje Road in the FCT, the payment of N1.2 billion for the rehabilitation of a 2km road from Oriawo-boroboro-oke-medina School of Science Road in Atiba, Oyo state as well the payment of N1.2 billion for the rehabilitation of Ejule-otukpo Road in Benue State, among others