ABUJA – A Presidential probe may soon be underway by President Mohammadu Buhari to determine how twenty-eight Federal Ministries, their Departments and Agencies (MDAs) under the administration of President Goodluck Jonathan incurred a whooping N4 trillion contractual debts.
The proposed presidential probe panel is also to determine sources of the jobs and whether they passed through due process as well as, whether the contractors completed the assigned jobs.
The N4 trillion liability was allegedly handed over by the previous government to the present administration as part of the hand-over note given to the Transition Committee raised by President Muhammadu Buhari.
After looking at the debt profile, Ahmed Joda led Transition Committee recommended a ministerial task force to probe how the huge debts were incurred in the first place.
“The handover note from the previous administration showed an aggregate contractor liability of N4 trillion as at April 2015.
It is imperative that the administration establishes an inter-ministerial task force to review all outstanding contracts and associated liabilities across all ministries, departments and agencies.
The mandate of the task force is to confirm the existence of the liabilities and authenticate the accuracy of the information provided in the handover notes.
The government should only recognise the liabilities verified and confirmed by the task force,” the committee partly recommended to President Buhari.
The Joda committee said that it could not rely on the handover note it received from the Jonathan administration because of the fact that the specific dates when the contracts were awarded were not provided thereby raising suspicion about its genuineness.
A breakdown of the huge debts shows that the Ministry of Education top the list with N1.2 trillion followed by Ministry of Finance with a debt of N467.7 billion, then Power – N370 billion, Works – N296 billion, Transport – N289 billion and FCT – N194 billion.
Others are: Land and Housing – N151 billion, Aviation – N138 billion, Water Resources – N111 billion, National Sports Commission – N104 billion, Environment – N51 billion, Police Affairs – N36 billion and Health – N36 billion.
Former President Goodluck Jonathan
