ICPC Discovers Two Agencies Use For Budget Padding

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has identified two agencies that are allegedly mostly used to pad the budget.

They are the Border Communities Development Agency (BCDA) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

The Chairman of ICPC, Prof. Bolaji Owasanoye, made this known at a two-day National Summit on Diminishing Corruption in the Public Service, organised by ICPC in Abuja on Tuesday.

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Owasanoye said the discovery formed part of the findings of the ICPC Constituency Project Tracking Initiative (CPTI) launched in April.

According to him, it has been discovered that MDAs duplicate contracts for projects using the same description, narrative, amount and location of award.

He said the aim was to ensure that either the amounts allocated for the projects remained within the approval threshold of the executing agency or allocations were diverted to sponsors of the projects.

He disclosed that under the pilot phase of the CPTI, the commission had tracked and ensured the completion of 255 out of 424 projects in 12 states across the six geo-political zones.

He said a total of N24.3 billion was appropriated for the selected 424 projects out of which N22.2 billion was awarded in contracts.

The ICPC boss stated that by monitoring the projects and enforcing completion, the commission saved the government not less than two billion naira.

NAN