The children used 2 companies -Chok Ventures Ltd and Integrated Equipment Services Ltd, as proxies for the deals, Presidential Committee on Audit of Defence Equipment Procurement (CADEP).
“The committee further established that between March 2011 and December 2013, the two companies exclusively procured various types of Toyota and Mitsubishi vehicles worth over N2, 000,000,000.00 for the Nigerian Army without any competitive bidding.
“Most of the contracts awarded to the companies were also split, awarded on the same date or within a short space of time at costs and mobilization higher than the prescribed thresholds.
There were no credible evidence of delivery of the goods to the Nigerian army, the panel added.
It said the accounts of the companies have been frozen. Click to signup for FREE news updates, latest information and hottest gists everyday
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Tired of reading this type of news jare....
ReplyDeleteI absolutely concur. It has some kind of depressing effect.
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