Let’s party: FEC approves N2.2bn 150-seater banquet hall for Aso Rock Villa

by Isi Esene

A N2.2bn contract was yesterday approved by the Federal Executive Council for the construction of a banquet hall in Aso Rock presidential villa. The new hall is planned to accommodate 150 seats.

The approval is part of  the final set of N19.4bn contracts for this year covering road construction, rail transportation and infrastructural development in the Federal Capital Territory.

This bit of information was communicated to newsmen after the FEC meeting by Reuben Abati, the special adviser to the president on media and publicity who stood in for the minister of information, Labaran Maku.

Abati said the council also approved the award of contract for the conduct of fiscal allocation and statutory disbursement audit for  2007 to 2011 as well as oil and gas industry audit.

He reportedly said the approval was in conformity with section 2 of the NEITI Act 2007.

“The objective of this initiative is to ensure transparency and accountability in the application of resources from payments received from extractive industries and to further ensure that all fiscal allocations and statutory disbursements due from the Federal Government to statutory recipients were dully made,” he said.

Abati assured that there would be special emphasis on the application, utilization of the funds, on beneficiaries of the 13 per cent derivation and relevant federal institutions that directly received allocations from the Federation Account.

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