EFCC Probes $5m Inland Waterways Contract

Officials of the Economic and Financial Crimes Commission (EFCC) in Lagos are investigating the award of a $5 million (about N645 million) alleged contract at the Nigeria Inland Waterways.

They are also questioning the process through which the said contract was awarded, alleging that due process might not have been followed.

It was learnt that the contract was awarded this year. “I think they awarded that contract in April or May this year,” an EFCC official said.

He said the contract was for the supply of commuter boats and that it was awarded with a performing bond guaranteed by one of the young generation banks.

It was learnt that since the contract was awarded, efforts have been made by officials of the Federal Inland Waterways to make the contractor deliver the boats but to no avail, causing the Inland Waterways to petition the anti-graft agency.

EFCC also said it has invited the contractor over the matter and that contrary to an earlier impression the contractor has made a useful statement.

The official said the contractor would deliver the boats before the end of the first quarter of next year.

The contractor also told the EFCC investigators why he has not been able to deliver the boats despite collecting over $4 million mobilisation fees.

“The term of the contract stipulates, among others, that we acquire the boats and also train those that would man them. The boats are ready. But what is remaining is the training of those that would operate the boats. They have to be trained by the manufacturers in accordance with the term of the contract,” the contractor was quoted as saying.

– Daily Independent


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