FG vows crackdown on inflated public contracts
The Federal Government plans to crack down on procurement violations and inflated public contracts. Warnings were issued to heads of commissions, councils, corporations, and government-owned agencies. These officials face sanctions if they breach procurement regulations. The government noted that some contract awards exceed approved price benchmarks. There are also concerns about exclusive arrangements for contractors that restrict competition.
The Federal Government has vowed to crack down on inflated public contracts and procurement violations, warning heads of government-owned agencies, corporations, councils, authorities and commissions that they risk sanctions for breaching procurement regulations. The government raised the alarm over contract awards that exceed approved price benchmarks, restricted competition through exclusive arrangements for contractors and undermine Read More: https://punchng.com/fg-vows-crackdown-on-inflated-public-contracts/