The Auditor-General of the Federation has uncovered contract fraud totaling N197 billion in various Ministries, Departments, and Agencies (MDAs) in Nigeria.
The findings were revealed in the Auditor-General’s latest report, which highlights widespread irregularities and violations of public procurement laws.
The report cites instances of inflated contract sums, payments for unexecuted projects, non-existent companies awarded contracts, and other discrepancies in the award and execution of contracts.
Among the flagged issues are projects abandoned despite full payment and contracts awarded without proper approval or documentation.
The Auditor-General has called for urgent action to recover misappropriated funds and hold responsible officials accountable. Recommendations include stricter adherence to procurement laws, improved oversight mechanisms, and increased transparency in government contracting processes.
This revelation has sparked public outrage and calls for a comprehensive audit of public sector spending.
Anti-corruption advocates have urged the government to take decisive steps to address financial misconduct and ensure that public funds are used effectively to deliver services to Nigerians.
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