NASENI defends N10.6bn mobilisation payment to firm
NASENI has denied reports of financial impropriety over a N10.6bn mobilisation payment to a contractor, stating it aligns with the Public Procurement Act. Read More: https://punchng.com/naseni-defends-n10-6bn-mobilisation-payment-to-firm/
The National Agency for Science and Engineering Infrastructure (NASENI) has refuted allegations of financial misconduct surrounding the N10.6 billion payment made to CGC Nigeria Limited for the construction of the NASENI Campus project. The payment, representing 30% of the contract value, was authorized under the amended Public Procurement Act of 2020, which raised the maximum mobilization fee for public contracts from 15% to 30%.
NASENI's Director of Information, Olusegun Ayeoyenikan, stated that the agency conducted a thorough vetting process, selecting CGC Nigeria Limited after it passed technical and financial evaluations. The agency also required a bank guarantee to ensure the payment's recovery upon completion. NASENI emphasized that the payment complied with all statutory and procurement regulations and expressed their commitment to transparency and accountability in public service.
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