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In this overview, we examine the main highlights and findings of the post Lawmaker, ministry officials accused of inflating road contract cost from N9.8 billion to N54.3 billion.
Crucial Points
He said the contract was inflated from N9.8 billion to N54.3 billion, saying that the 41km road project was awarded to the company in 2018 at N9.8 billion with a completion period of two years.
Mr Adedeji said the company approached the ministry to review the contract from N9.8 billion to N14 billion due to inflation, but the ministry refused.
However, he said the company was surprised to notice that the same ministry had re-awarded the contract to another company, AREATECH Construction Ltd, at N54.3 billion without terminating the original contract.
A civil engineering company, DC Engineering Ltd, has alleged that a lawmaker in the House of Representatives and officials of the Ministry of Works inflated the contract for constructing Ijebu-Igbo/Ita Ibadan Road.
Mr Adedeji said it took the ministry five years, from 2018 to 2023, to release the 15 per cent mobilisation fee of N1.3 billion.
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