I Paid N400m to ‘Fake’ Agency DG for Contract, Businessman Tells House C’ttee
Summarized and contextualized by DistantNews.
At a glance
- A businessman revealed he paid N400 million to a "fake" agency Director-General for a contract.
- The revelation came during a House Committee investigation into alleged corruption.
- The businessman, Gbenga Collins, identified the recipient as the Director-General of the Presidential Foreign Investment agency.
A Nigerian businessman has disclosed that he paid N400 million to an individual posing as the Director-General of the Presidential Foreign Investment agency. Gbenga Collins, Managing Director of Divine Dopacy Nigeria Limited, made this revelation during a hearing by a House Committee.
Collins testified that the substantial payment was made in exchange for a contract. The committee is investigating allegations of corruption and fraudulent practices within government agencies and contract awards. The businessman's testimony sheds light on potential illicit dealings and the methods employed by individuals seeking to exploit the system.
The revelation has raised serious questions about the legitimacy of the "Presidential Foreign Investment" agency and the individuals operating within it. The House Committee is expected to further investigate these claims, potentially leading to further scrutiny of public procurement processes and the individuals involved in awarding contracts.
Originally published by ThisDay. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.