The InfoStride Forum

NEWS and REPORTS => Nigerian News => Topic started by: MrVan on Dec 11, 2012, 12:30 AM

Title: S-West PDP urges probe of Osun’s N17.8bn contract
Post by: MrVan on Dec 11, 2012, 12:30 AM
The South-West chapter of the Peoples Democratic Party, PDP, has called on anti-corruption agencies in the country to probe the Osun State Government's award of a N17.8 billion road contract to SAMMYA Nigeria Limited, a company that was declared bankrupt by an Abuja Federal High Court last November.

In August, this year, the Osun State Government awarded the contract of N17.8 billion for the construction of a dual carriage road from Osogbo to the Kwara State boundary to SAMMYA Nigeria Limited, owned by one Sammy Adigun.

The contract being funded by Infrastructure Bank Plc involved the construction of 9.52km dual carriageway from Osogbo to Dagbolu International Market, construction of 20.5km dual carriageway from Osogbo to Ikirun and 16.55km from Ikirun to Ila-Odo in Kwara State.

However, the PDP said in a statement issued yesterday by its Zonal Publicity Secretary,, Hon. Kayode Babade that SAMMYA Nigeria Limited owed Wema Bank Plc a sum of of N23,348,491.43, as a result of which a Federal High Court, Abuja on November 2, 2011 via SUIT NO:- FCT/HC/CV/968/2007 garnished the accounts of the company in 10 Banks.

Vanguard Nigeria