In one of the documents obtained by SaharaReporters, the contract — construction and renovation of health centres across the state — was awarded to PENTECH ENGINEERING NIG LTD, a company the governor allegedly had an interest in, according to a civil rights group, Patriotic Nigerians for Good Governance.
When SaharaReporters subjected the company to a search, it found that Akuyam and four others were the directors of the company. “1. That a term loan in the sum of Two Billion Five Naira only be obtained from the United Bank of Africa for the purpose of executing a Contract Financing agreement relationship with the Bauchi State Government.
“Since the project was to be financed through a Bank Facility, the State EXCO, strictly keeping to procedure, gave approval for the sum of N2,500,000,000.00 to be accessed from a N30,000,000,000.00 Contract Financing Arrangement with the United Bank for Africa Plc by the State’s Major Contractors.
“Backed by the House Resolution, the State Government went ahead to award the contract to a consortium of companies led by Pentech Engineering Nigeria Limited serving as Special Purpose Vehicle and major contractor to finance the more than 20 companies: a convenient arrangement for the State , the Bank , the Contractor and the Sub – Contractors.
The State’s procurement law mandated that a procuring entity must offer every interested candidate, equal simultaneous information and opportunity to offer the goods, works and services needed”.
The only reason to be a governor in Nigeria is to have the opportunity to embezzle public funds
Sad isn’t it and that’s why I love JJ Rawlings of Ghana, he will not allow such leaders to see another day….