N4 trln contractual debts: Buhari to raise special task force to probe Jonathan
Posted by Naija247news

How did the 28 Federal Ministries, their departments and agencies under the administration of President Goodluck Jonathan incur a whooping N4 trillion contractual debt? Who issued the jobs and did they pass through due process and if so, did the contractors complete the assigned jobs?

These and more are the duties which a special task force to be raised by the Federal Government, is to undertake before the debt could be classified as Federal Government liability and settled by the new administration.

The N4 trillion debt, which is nearly the country’s budget for one year, was handed over by the previous government to the present administration as part of the hand-over note given to the Transition Committee raised by President Muhammadu Buhari.

But after looking at the debt profile and not being able to establish its authenticity, the TR headed by Ahmed Joda, has made a strong recommendation to President Buhari to raise a ministerial task force to probe how the huge debts were incurred in the first place.

The committee in its report noted: “The handover note from the previous administration showed an aggregate contractor liability of N4 trillion as at April 2015.
“It is imperative that the administration establishes an inter-ministerial task force to review all outstanding contracts and associated liabilities across all ministries, departments and agencies.

“The mandate of the task force is to confirm the existence of the liabilities and authenticate the accuracy of the information provided in the handover notes.

“The government should only recognise the liabilities verified and confirmed by the task force,” the committee recommended.

The Joda committee said that it could not rely on the handover note it received from the Jonathan administration because of the fact that the specific dates when the contracts were awarded were not provided thereby raising suspicion about its genuineness.

A breakdown of the huge debts shows that the Ministry of Education top the list with N1.2 trillion followed by Ministry of Finance with a debt of N467.7 billion.

Other debtor ministries are: Power, N370 billion, Works, N296 billion, Transport, N289 billion and FCT, N194 billion.
Others are: Land and Housing, N151 billion, Aviation, N138 billion, Water Resources, N111 billion, National Sports Commission, N104 billion, Environment, N51 billion, Police Affairs, N36 billion and Health, N36 billion.

As normally expected, you leave the source of your information

Misleading topic it should instead be 'to probe debt profile of ministries'

Let the probe begins! We all voted for good governance!

Special Task Force from US or UK? The government self no get directions.

Lol. Ministry of education 1.2 trillion! Wike are you there? That's the money that gave you the Phantom 1.4 million votes abi? Baba is coming for you. Make tribunal sack you first.

And still Satan's.... . Still support jonadaf

Probe all probables

The 7TN budget deficit Ahmed Joda talked about is now making sense. Not like it was ever in doubt


https://www.nairaland.com/2394601/jonathan-left-n-7trillion-deficit#34992657