The Federal Co-operative College, Ibadan, Oyo State, paid five companies N3.2 billion on May 15 for projects outside its core institutional mandate.
The stated primary role of the college is cooperative-sector education, training and capacity-building but the projects on the Open Treasury Portal, as reflected by Govspend, are more of road construction and projects not related to the direct functions of the college.
The projects range from farm and community road construction and procurement of medical supplies for hospitals in other communities.
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On the day being reviewed, Federal Co-operative College, Ibadan, disbursed a total of N883.7 million to three distinct companies: Rmakso Global Investment Limited, Moji Morire Global Concepts Limited and Wofel Integrated Services Limited.
The college paid Rmakso Global Investment Limited and Moji Morire Global Concepts Limited for the construction of rural roads in communities in Irepodun/Ifelodun Local Government Area of Ekiti State.
It paid Wofel Integrated Services Limited to construct rural roads to ease the transportation of farm produce in selected South-West communities.
The college also paid N118.7 million to Skroh Engineering Consult, an engineering firm, for “consultancy fees for provision of medical supplies, drugs and equipment for hospital and healthcare centres in Ikot, Ata, Enin, Iboya” in Akwa Ibom.
Similarly, the college paid Mulix Integrated Services Limited N441.8 million for, yet again, the construction of rural farm roads for ease of transporting farm produce in some selected communities in the South-West.
In the past, FIJ has reported on how several federal academic establishments used taxpayers’ money to fund constituency projects outside their mandates.
The post Federal Co-Operative College Ibadan Spends Taxpayers’ N3.2bn on Unrelated Projects All in 1 Day appeared first on Foundation For Investigative Journalism.
