Connect with us

Headline

N2trn spent on constituency projects since 2000 without results, says ICPC

Published

on

$90bn illicit financial flow leaves Africa annually to overseas - ICPC

The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, said the nation had spent about N2 trillion on constituency projects without commensurate development at the grassroots.

The Commission’s spokesperson, Mrs Rasheedat Okoduwa, in a statement in Abuja on Sunday quoted the chairman as saying it at the induction of newly-qualified members of the Nigerian Institute of Quantity Surveyors in Abuja.

Owasanoye, while making emphasis on the ongoing tracking of constituency projects by the Commission in 12 states, said that the exercise was not to witch-hunt anyone.

He said that tracking the projects was an important assignment for ICPC as the nation had spent about N2 trillion on the funding since 2000 without commensurate impact at the grassroots.

Owasanoye, however, said that ICPC would not hesitate to prosecute any contractor that has failed to deliver on the projects, including accomplices.

The chairman said that ICPC commenced the Constituency Projects Tracking Group (CPTG) initiative to ensure proper implementation of funded projects at the various constituencies across the nation.

He further said that the initiative was already yielding positive results as some contractors had gone back to site to complete unfinished projects.

He, however, noted that the commission was collaborating with the Nigerian Institute of Quantity Surveyors (NIQS) in the on-going exercise.

It was reported that constituency projects are ploys used by the legislative arms in the three-tier federation to pad the annual budgets.

Citizens had criticised the constituency budgets and the security votes for the executive arms as wastes.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel