back to top

ICPC, Ministry of Works Launch Audit of 760 Federal Road Projects Valued at N36 Trillion

ICPC, Ministry of Works Launch Audit of 760 Federal Road Projects Valued at N36 Trillion

Date:

In a landmark collaboration to ensure transparency and value in public infrastructure spending, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Federal Ministry of Works have launched a nationwide Special Tracking Exercise.

The initiative targets the physical verification and performance audit of 760 federal road projects with a combined contract value exceeding Thirty-Six Trillion Naira (N36 Trillion).

The exercise which commenced on November 14, 2025, mobilises joint teams of ICPC investigators, engineers from the Federal Ministry of Works, and independent professionals from bodies including the Nigerian Institute of Quantity Surveyors (NIQS). These teams are now deployed across all 36 states and the Federal Capital Territory (FCT) to conduct on-the-ground assessments.

This large-scale initiative is designed to achieve several critical national objectives such as enhancing fiscal governance (to ensure sustainable, cost-effective infrastructure development and optimal use of public funds); strengthening procurement integrity (to investigate and deter fraudulent practices in the award of government contracts; enforcing contractor accountability (to monitor project execution rigorously, compel the completion of abandoned projects, and ensure adherence to contractual specifications); and securing financial recovery (to recover public funds from projects found to be grossly inflated or where contractors have demonstrably failed to perform).

The ongoing field work involves a detailed review of project sites, records, and deliverables. Following this phase, state-level reports will be consolidated into a comprehensive national audit report. The findings will highlight compliance levels, identify irregularities, and form the basis for determined enforcement actions by relevant authorities against any implicated individuals or entities.

“This exercise represents a proactive, system-driven approach to safeguarding our national infrastructure investments,” the Commission stated. “Tracking 760 projects of this magnitude underscores our resolve to partner with government institutions in closing leakages, promoting accountability, and ensuring that public projects translate into tangible public good.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

President Tinubu Signs Executive Order on Virtual Assets, Establishes Council to Harmonise Regulation of Digital Economy

President Bola Ahmed Tinubu has signed the Presidential Executive...

Presidency Lauds Gov. Uzodimma’s Infrastructure Drive in Imo State

The Presidency has commended the scale and quality of...

Momoh Lauds Abia Startup Law 2025, Urges States to Domesticate Act

A legal expert, Osigwe Momoh, has commended Abia State...

The Missing Bridge from Consumption to Production – 2

Why Nigeria Needs a Separate Market for Development Credit  By...