Federal Ministry of Works Reveals N221bn Disbursed to Contractors

today05/25/2023 9

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Federal Ministry of Works and Housing has revealed it disbursed N221bn to contractors as costs for the construction of 71 road projects completed in various parts of the country under the 2021 SUKUK bond funds.
The ministry made the revelation following allegations by some aggrieved contractors in an online publication that funds allocated to projects in the 2022 SUKUK fund were being delayed and placed into bank accounts To embezzle accrued interest.
The Ministry’s Permanent Secretary, Folorunsho Esan, on Wednesday, insisted that it completed the disbursement for the payment of executed contracts in the 2021 SUKUK funding adding that the payment ended in April 2022 and a total of N221bn was paid.
Esan described the allegations as a blatant misrepresentation of facts and a calculated attempt to smear the name of the Ministry.

Written by: Helen Obih

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today05/25/2023 9

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