Deji Elumoye and Udora Orizu in Abuja
The Senate Committee on Public Accounts has queried the Federal Mortgage Bank of Nigeria (FMBN) over alleged payment of N14 billion to a contractor who failed to construct the expected 963 housing units at Legacy Estate in Abuja.
The Committee chaired by Senator Mathew Urhoghide based the query on the 2018 Auditor General of the Federation (AuGF) report which is being considered by the lawmakers.
The Auditor General had in its report stated that contract price for setting up Legacy Estate was awarded at N10 billion, however a total of N14.2 billion was disbursed to the contractor between 22nd November 2012 and 29th April 2013, thereby resulting in an overpayment of N4.2 billion.