The Federal capital Territory Administration(FCTA) accumulated a debt of N64 billion within one month, the Minister of FCT Senator Bala Mohammed said yesterday in Abuja.
The huge debt was builtup within the period of May 29, 2011 when the previous cabinet of the President Goodluck Jonathan was dissolved and early last month when the cabinet was reconstituted.
The FCT minister confirmed yesterday at an interaction between officials of the Bureau of public procurement (BPP) and procurement officials of the FCT administration that the huge debt were all approved in the interregnum when core civil servants were in charge.
He lamented that the administration’s annual internally generated revenue is a mere N40 billion.
He said though part of the sum had been repaid by the administration, the management of the FCT during the period it did not have a minister embarked on a spending bazaar, without regard to due process and the level of revenue at its disposal.
As a consequence, Senator Bala Mohammed said no newspending approvals would be given without evidence of inflows of revenue from the same project. “I have over N64billion to pay.
That is a commitment and I have only managed to generate about N40billion. The first step in procurement should be to know how much you have in your kitty.
I will not sit down and approve projects because they are in the budget. If you have not generated the necessary IGR or got the requisite allocation, Iwill not approve that,” said the minister.
Earlier while addressing the meeting the Director General of the BPP Engr. Emeka Eze, admonished the procurement personnel of the FCTA for failing to adhere to due process and procurement guidelines in its execution of contracts in the territory which he said has led to fraudulent activities.
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