• Latest
  • Trending
FG Uncovers 1,721 Abandoned Projects Worth N284.6bn

FG Uncovers 1,721 Abandoned Projects Worth N284.6bn

May 9, 2024
Cross River government unveils reform plans to tackle water sector crisis

Cross River government unveils reform plans to tackle water sector crisis

June 30, 2025
Breaking: PDP BoT dismisses reports on NEC meeting cancellation

Breaking: Police harass PDP officials, BOT members ahead of NEC meeting

June 30, 2025
Breaking: PDP BoT dismisses reports on NEC meeting cancellation

PDP leaders prepare for NEC meeting after members fight publicity

June 29, 2025
ADVERTISEMENT
Calm returns to Cross River community after deadly clash

Police arrest Anambra man for plotting friend’s kidnap

June 29, 2025
Presidency debunks reports on Akume’s sack as SGF

Presidency debunks reports on Akume’s sack as SGF

June 29, 2025
C’River To Restrict Movement As Sanitation Holds Saturday

Cross River govt lifts movement ban for june sanitation, cites JAMB exams

June 28, 2025
C’River To Restrict Movement As Sanitation Holds Saturday

Cross River govt. Probes jobs racketeering in LG commission

June 27, 2025
Breaking: PDP BoT dismisses reports on NEC meeting cancellation

Breaking: PDP BoT dismisses reports on NEC meeting cancellation

June 26, 2025
Cross River gov solicits dutch firm’s support to boost agriculture

Cross River gov solicits dutch firm’s support to boost agriculture

June 25, 2025
Cross River lawmaker calls for adaptive leadership in traditional institutions to tackle GBV

Cross River lawmaker calls for adaptive leadership in traditional institutions to tackle GBV

June 25, 2025
Just In: Cross River vice chairman dumps APC over alleged Ill-treatment by chairman

Just In: Cross River vice chairman dumps APC over alleged Ill-treatment by chairman

June 25, 2025
Cross River Gov decries rising influx of refugees

Cross River Gov decries rising influx of refugees

June 24, 2025
ADVERTISEMENT
Street News
Tuesday, July 1, 2025
Subscription
Advertise
  • Home
  • Company
    • About Us
    • Contact us
  • News
  • Legals
    • Disclaimers
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Terms and Conditions
No Result
View All Result
Street News
No Result
View All Result
ADVERTISEMENT

FG Uncovers 1,721 Abandoned Projects Worth N284.6bn

by admin
May 9, 2024
in Breaking News
Reading Time: 2 mins read
0 0
0
ADVERTISEMENT
ADVERTISEMENT

Federal Government, in an effort to tackle corruption, has uncovered 1,721 abandoned projects worth N284.6 billion. These projects were either shoddily executed or not done at all between 2019 and 2023, and are mainly domiciled in roads, health, water resources, education, agriculture, power, and energy.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) made these discoveries known through its Constituency Projects Tracking Group (CPTG) to 26 focal states and the Federal Capital Territory ( FCT) across the six geo-political zones of the country. In most instances, the Commission either had to direct the contractor handling the project to return to site for completion or requests that funds be refunded to government’s coffers or risk prosecution.

YOU MAY ALSO LIKE

Cross River government unveils reform plans to tackle water sector crisis

Breaking: Police harass PDP officials, BOT members ahead of NEC meeting

The ICPC document on CPTG, which centered on phase six projects, put the total appropriation tracked at N219.8 billion, spread across 176 Ministries, Department and Agencies (MDAs). Under Phase Six tracking, the total number of completed projects wae put at 1,492, amounting to 86.7 per cent.

Advertisement. Scroll to continue reading.
Advertisement. Scroll to continue reading.
ADVERTISEMENT

Disclosing its findings on cases of abandoned projects or instances of poor quality projects, it revealed the existence of connivance between the staff of MDAs and contractors, a pattern ICPC said was consistent with the previous published reports.

“These infractions were found perpetuated by the project’s facilitators or contractors in collaboration with staff executing agencies” it said. Detailing the pattern of fraud associated with empowerment projects as major conduit for siphoning public resources, ICPC said: “Empowerment/soft projects desire special attention.

ADVERTISEMENT

The aggregate number of empowerment projects tracked amounts to 449 1(26.2%) of the tracked projects while the aggregate value of contracts awarded on empowerment projects stood at N35.5 billion “.

Shedding lights on CEPTI activities, the commission said: “Cumulative savings for government is the sum total of our recoveries and the estimated value of those projects on which contractors were compelled back to sites as a result of CEPTI activities. “These amounts were computed as savings for government.

Advertisement. Scroll to continue reading.

These are monies that would have been lost/ misappropriated save for the commission’ intervention.” The commission put cumulative savings for government at N30.2 billion, recoveries in assets N513.3 billion and cash recoveries of N162.5 billion.

ADVERTISEMENT

CEPTI is an ICPC initiative for tracking implementation of public funded projects to ensure diligent execution and value for money in government projects.

Members of CEPTI include state and non-state actors, which comprise stakeholders such as Bureau of Public Procurement (BPP), Auditor General of the Federation (AGF), Office of the Accountant General of the Federation (OAGF), Budget Office, and members of civil society organisations and the media.

Tags: corruptionFGICPCnewsnigeriaprojects
ShareTweetSendShare
ADVERTISEMENT

Related Posts

Cross River government unveils reform plans to tackle water sector crisis
Breaking News

Cross River government unveils reform plans to tackle water sector crisis

June 30, 2025
8
Breaking: PDP BoT dismisses reports on NEC meeting cancellation
Breaking News

Breaking: Police harass PDP officials, BOT members ahead of NEC meeting

June 30, 2025
16
Calm returns to Cross River community after deadly clash
Breaking News

Police arrest Anambra man for plotting friend’s kidnap

June 29, 2025
4
Presidency debunks reports on Akume’s sack as SGF
Breaking News

Presidency debunks reports on Akume’s sack as SGF

June 29, 2025
18
C’River To Restrict Movement As Sanitation Holds Saturday
Breaking News

Cross River govt lifts movement ban for june sanitation, cites JAMB exams

June 28, 2025
5
C’River To Restrict Movement As Sanitation Holds Saturday
Breaking News

Cross River govt. Probes jobs racketeering in LG commission

June 27, 2025
7

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Search

No Result
View All Result

Recent News

Cross River government unveils reform plans to tackle water sector crisis

Cross River government unveils reform plans to tackle water sector crisis

June 30, 2025
Breaking: PDP BoT dismisses reports on NEC meeting cancellation

Breaking: Police harass PDP officials, BOT members ahead of NEC meeting

June 30, 2025
Breaking: PDP BoT dismisses reports on NEC meeting cancellation

PDP leaders prepare for NEC meeting after members fight publicity

June 29, 2025
ADVERTISEMENT
  • About Us
  • Contact us
  • Advertise
  • Disclaimers
  • Terms of Use
  • Privacy Policy
  • Terms and Conditions
Report what is happening in your street to us via info@streetnews.ng or WhatsApp +2348116170086

Copyright © 2024 StreetNews. All rights reserved
Powered by Streetnews Global Media Ltd

No Result
View All Result
  • Home
  • Company
    • About Us
    • Contact us
  • News
  • Legals
    • Disclaimers
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Terms and Conditions

Copyright © 2024 StreetNews. All rights reserved
Powered by Streetnews Global Media Ltd

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.