The Office of the Auditor General for the Federation has queried the management of the Ogun-Osun River Basin Development Authority for selling off government plant, property and equipment valued at over N2bn at a paltry sum of N13.618m.
The House of Representatives’ Committee on Public Accounts has consequently summoned the Minister of Water Resources and the Permanent Secretary of the ministry to explain the auction.
The committee had on Friday grilled the Managing Director of OORBDA, Olufemi Odumosu.
At the investigative hearing, Odumosu justified the disposal, telling the committee that the PPE were sold off by the auctioneers appointed by the Federal Ministry of Water Resources, who also approved the auction.
Records of the auctioned assets showed that an 800KVA Perkins diesel generating set bought by OORBDA in 2006 for an undisclosed amount was sold for N550,000 in 2018 after it was categorised as ‘unserviceable.’

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