Unic Press UK: Chairman of the House of Representatives Committee on Treaties, Protocols and Agreements has raised an alarm over contracts worth $33 billion, which the Ministry of Transport has signed without a definitive ﬁnancing arrangements.
Speaking on Monday during a public hearing, the committee’s chairman, Hon. Nicholas Ossai, said:
“We have noticed from documents available to us that commercial contracts prices signed by the Federal Ministry of Transport alone within this period is over $33 billion without any clear cut ﬁnancing arrangements. Most of these commercial contracts agreements didn’t also have local content clauses and there were no witnesses and designated and authorised officials,” the Premium Times, Nigeria, reports.
Ossai said the House of Representatives and all stakeholders have a duty to work toward the progress and sustainable development of the country, and that the National Assembly should not be approving loans without asking pertinent questions.