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Ministry of Niger Delta sold N90m worth of vehicles for N2m one year after its acquisition – Senate committee
Ministry of Niger Delta sold N90m worth of vehicles for N2m one year after its acquisition – Senate committee

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An audit carried out by the Senate Public Accounts Committee (SPAC) has revealed that officials of the Ministry of Niger Delta reportedly illegally sold off six vehicles that cost N90 million for a peanut of N2 million, in less than one year after its acquisition.

 

Reports as per Leadership newspaper has it that the Senate committee indicted the officials of the ministry after probing the 2015 report of the Auditor General of the Federation.

The Senate panel is demanding that the accounting officer in the ministry (permanent secretary) should be sanctioned for illegally selling the vehicles. According to the report, the vehicles were purchased from JBS motors on June 23rd and 18th August 2014.

 

The Senate committee’s report in part reads

 

“The ministry disposed a total of 22 vehicles to various beneficiaries in May, 2015 and realised a total sum of N5.2 million.

Out of the 22 vehicles, six were purchased on 23rd June and 18th August 2014 from JBS Motors and Co, Abuja at a total cost of N105 million and duly paid for.

Less than one year after acquisition, six vehicles costing N90 million were sold at a ridiculous sum of N2.1 million.”

However, the ministry claimed that the federal ministry of works and housing was invited to evaluate the vehicles before they were sold. But, the Senate Committee, in its investigation, discovered that the evaluation report of the federal ministry of works did not include the newly purchased vehicles.

The committee has, therefore, ordered for the repayment of N61.4 million being the disposable value of the vehicles and money paid into the government treasury.

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