Yar’Adua cancels contract awards - Nigerian Tribune

PRESIDENT Umaru Yar’Adua on Tuesday cancelled all the memos presented for approval for contract awards by the ministries and government units.

Minister of Information and Communication, Mr. John Odey, disclosed this when he briefed State House reporters after Tuesday’s Federal Executive Council (FEC) meeting.

The meeting, which traditionally holds on Wednesday, was held a day earlier because today (Wednesday) has been declared a public holiday for the celebration of Eid-el-Kabir.

Mr. Odey told State House reporters that President Yar’Adua decided to stop the contracts because 2007 had almost come to an end and that there would be no time to execute such contracts if approved.

He disclosed that at the end of the year, the money budgeted for projects not executed would be returned to the treasury as required by public service regulations.

Yar’Adua’s decision not to approve the contracts is a departure from the past when contracts were approved even on December 31, the last day of the year. Full Story