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Procurement Act Review: NEFGAD Decries that Over 70% of Public Procurements Done in Bedrooms, Says Amendment of Act Long Overdue
Procurement Act Review: NEFGAD Decries that Over 70% of Public Procurements Done in Bedrooms, Says Amendment of Act Long Overdue
By: Michael Mike
A public procurement advocacy group, Network for the Actualization of Social Growth and Viable Development (NEFGAD) has decried that 70 percent of procurement proceedings are being initiated and concluded in the bedrooms of privileged few in the country, even as it
commended the Federal Government over plan to review the public procurement Act 2007 for possible amendments.
The group in a statement, signed by its head of office, Mr Akingunola Omoniyi and made available to Saturday in Abuja. said President Bola Tinubu has again demonstrated courage and tact in tackling one of the most vicious enemies of the country’s growth and development.
Akingunola stressed that ‘’the current Public Procurement Act enacted about 15 years ago is due for review in line with global best practices and changing operational dynamics in the public contracting sector.”
He noted that the Public Procurement in Nigeria has become an ‘anything goes’ phenomenon whereby everything and anything is possible maintaining that the Public Procurement Act in its current form is creating veneer of legality to blatant procurement illegality.
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He said: “The Act as it stands has been so bastardised to such an extent that restricted/selective tendency is now a norm rather than exception with more than 70 percent of procurement proceedings being initiated and concluded in the bedrooms of privileged few on whom the Act placed so much supervisory and regulatory responsibilities. The implication of this dastardly act is that 70 percent of the contract sum ended up under the same bedroom through which the procurement proceedings emanated as against solving critical national developmental problems.”
Akingunola emphasised that the Public Procurement Act is not creating any obstruction or impediment to development as what some self serving elements will want the people to beleif, the only timeline set out by the Procurement Act is the mandatory six weeks newspaper advertisement period for bid solicitation, and the wisdom in this is to promote competitiveness that will ensure economy and value for money, all other timeline and processes are at the discretion of procuring entities.
The statement further emphasised that for the country to be littered with over 11,000 abandoned federal projects alone under a regulated procurement system shows that it is the corrupt few that are now regulating their pockets.
‘’One of the major contributing factor for the bastardization of the procurement system in the country is that successive governments are in the habit of enforcing the Procurement Act in breach by the non constitution of the National Procurement Council and appointing Director General for the Bureau of Public Procurement (BPP) through the back door of non-competitive selection.
Akingunola admonished president Tinubu not to consider the distractive proposal of some people making the President head of National Procurement Council, noting that presidents all over the world only sit to discuss policies and programmes not with contractors to debate contracts either at weekly Federal Executive Council or as Chairman of a National Procurement Council.
He also advised the government to enslaved stiffer sanctions against rampant mis-procurement particularly reverse-procurement whereby procurement proceedings are initiated and sometimes concluded without cash backing.
End
Procurement Act Review: NEFGAD Decries that Over 70% of Public Procurements Done in Bedrooms, Says Amendment of Act Long Overdue
NGX boss restates commitment to gender equality
The Group Chairman Nigerian Exchange Group, Dr. Umaru Kwairanga has restated the NGX’s commitment to gender equality and diversity at all levels of the organisation.
Kwairanga stated this in Lagos on Tuesday while delivering his welcome address on the occasion of the closing ceremony in honour of the Honourable Minister of Women Affairs and Social Development, Hajiya Imaan Sulaiman-Ibrahim, who visited the floor of the Nigerian Exchange.
He stated that the Nigerian Exchange Group as an organisation remained committed to inclusiveness that drive growth and development at all levels of the NGX’s dealings.
He stated that through such inclusive representation, the NGX has achieved near parity at the board levels of the organisation and was working to improve the representation of female employees down the line.
“As an institution committed to sustainable growth and practices, we recognise the important qualities and values that women bring to the workplace and know that they perform just as well, if not better than men.
“It is a tradition in finance and investment that can be traced to the origins of the banking, finance and investment professions when most of the trade guilds that evolved into those professions were largely composed of men.
“The tradition has persisted for hundreds of years but despite that nomenclature, let me assure you that the investment and securities sector is very welcoming to and open to city gentlemen who are female.
“Women are very well represented at all levels of our industry and I can confide in you that the next President of the Chartered Institute of Stockbrokers is going to be a woman,” he said.
Kwairanga stated that the NGX would partner with the Ministry to accelerate progress for women’s rights and improve the lot of female gender across the country.
He commended Sulaiman-Ibrahim for her several bold and innovative initiatives that would have positive impact on women and the country as a whole.
NGX boss restates commitment to gender equality
Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
By: Zagazola Makama
Troops of Sector 1 Operation Wirld Stroke deployed at FOB Bilawa-Jor conducted a fighting patrol within Mbapa and Mbabuande general areas on March 23, 2026.
During the operation, troops made contact with terrorists, neutralizing one suspect while others fled.
Following a pursuit, four additional suspects were apprehended and are currently in the custody of security forces for further investigation and prosecution.
In a similar development the troops
recovered a vehicle carrying two cows abandoned by suspected cattle rustlers in Uhemba.
The incident occurred at about 0348hrs on March 24, 2026, when the troops responded to intelligence reports of rustling activities in the area.
Upon the arrival of troops, the suspects fled, leaving behind the vehicle and livestock.
The recovered vehicle and cows are now in the custody of the troops for further investigation and legal action.
Military continue to urge the public to provide timely information on criminal activities to support ongoing security efforts.
Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
Kogi troops neutralize suspected terrorist in Kabba/Bunu LGA
By: Zagazola Makama
Troops of 12 Brigade have neutralized a suspected terrorist during a fighting patrol at Odoape–Adankolo Forest in Kabba/Bunu LGA.
The encounter occurred at about 1400hrs on March 23, 2026, when the patrol team made contact with the fleeing suspect.
Preliminary investigation identified the neutralized individual as a notorious terrorist involved in providing intelligence and targets for kidnappings, as well as participating in cattle rustling and supplying logs to terrorist groups.
The military has reaffirmed its commitment to sustaining aggressive patrols and intelligence-led operations to curb criminal activities and protect residents in the area.
Kogi troops neutralize suspected terrorist in Kabba/Bunu LGA
NGX boss restates commitment to gender equality
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Benue troops neutralize one terrorist, arrest four suspects in Gwer West LGA
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