L
LequteMan
Guest
It appears a new kind of fraud in Nigeria. A contract was duly awarded by government to some private firms.
But when it was time to make payment for job done, the N3.538billion contract sum was diverted to an entirely different set of companies.
The companies which received payment did not bid for the jobs, were not awarded the contract and are not known to have offered any service.
The firms which offered service but have now been deprived their legitimate earnings are now crying foul.
They are accusing the National Insurance Commission, NAICOM, and the office of the Accountant General of the Federation, OAGF, of masterminding what appears an unprecedented fraud — diverting the insurance premium due to them (42 insurance companies) to other entities.
Already, a legal firm representing the affected insurance firms, Alade Agbabiaka & Co., has petitioned the Minister of Finance, Ngozi Okonjo-Iweala, and the Attorney-General/Minister of Justice, Mohammed Adoke, seeking their intervention in the matter.
More details here
Source: Premium Times
But when it was time to make payment for job done, the N3.538billion contract sum was diverted to an entirely different set of companies.
The companies which received payment did not bid for the jobs, were not awarded the contract and are not known to have offered any service.
The firms which offered service but have now been deprived their legitimate earnings are now crying foul.
They are accusing the National Insurance Commission, NAICOM, and the office of the Accountant General of the Federation, OAGF, of masterminding what appears an unprecedented fraud — diverting the insurance premium due to them (42 insurance companies) to other entities.
Already, a legal firm representing the affected insurance firms, Alade Agbabiaka & Co., has petitioned the Minister of Finance, Ngozi Okonjo-Iweala, and the Attorney-General/Minister of Justice, Mohammed Adoke, seeking their intervention in the matter.
More details here
Source: Premium Times
