Published 2 years ago

Audit query reveals how govt agency sold assets worth N2bn for N13m

Summary by Ground News

The Ogun-Osun River Basin Development Authority reportedly sold off government plant, property and equipment (PPE) valued at over N2 billion for a paltry N13.618 million. Records of the PPE auctioned sighted by DAILY POST revealed that an 800 KVA Perkins Diesel generating set brought by the agency in 2006 for an undisclosed amount was sold for N550,000 in 2018 after being branded unserviceable.

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Daily Post Nigeria

Audit query reveals how govt agency sold assets worth N2bn for N13m

The Office of the Auditor-General of the Federation has queried the management of the Ogun-Osun River Basin Development Authority for reportedly selling off government plant, property and equipment (PPE) valued at over N2 billion for a paltry N13.618 million.Consequently, the Public Accounts Committee, PAC, of the House of Representatives chaired by Rep. Busayo Oluwole Oke, drilled the Managing Director of the Agency, Olufemi Odumosu last Friday…

2 years ago·Nigeria

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