The All-Indigenous Contractors Association of Nigeria (AICAN) has debunked claims that the Federal Government has paid N152 billion to local contractors for 2024 projects.
The AICAN made this known at a press conference addressed by its National General Secretary, Babatunde Seun.
Seun said the claim, allegedly promoted by the Minister of State for Finance, Doris Uzoka-Anite, through a blogger, was misleading and inconsistent with AICAN’s financial records.
He said only N61 billion had so far been received by AICAN members between December 2025 and January 2026, contrary to the N152 billion claimed.
According to him, the most recent and only payment to members was N21 billion, finalised on December 31, 2025, and paid on January 21, 2026.
“There has been no additional payment anywhere close to N152 billion as claimed. The publication does not reflect AICAN’s true financial position,” Seun said.
He added that the association condemned the sponsorship of bloggers to spread false information without verifiable facts and figures.
Seun recalled that at a meeting with the Minister of Finance, Wale Edun, on December 3, 2025, N150 billion was approved to settle outstanding 2024 project payments owed to AICAN members.
Opposition to Sharia law stems from religious intolerance — Ex-minister
He said the payment was structured into batch and unbatch payments.
According to him, 938 companies submitted claims amounting to about N53 billion, but the required warrants were yet to be signed by the Minister of State for Finance.
On batch payments, Seun said 786 companies submitted claims, 611 were finalised, with a total approved sum of N61.5 billion.
He said 67 approved companies, 33 reviewed companies, and 75 firms with wrongly batched or missing drafts were not paid.
“Payment received so far from December 2025 to date is only N61 billion, covering 611 companies,” the AICAN secretary added.
Seun said many AICAN members remained unpaid, with several files still undergoing processing.
He added that the N152 billion payment claim was false and deceptive, saying it was intended to mislead the public.
Nigerian Breweries Plc has launched its 80th anniversary celebration with a nationwide campaign inviting Nigerians…
CNN, MS NOW, and Politico announced on Monday they were suing the United States government…
The Joint Admissions and Matriculation Board (JAMB) has opened a one-time facility for candidates who…
The Lagos State Government has directed residents in flood-prone communities to temporarily relocate to higher…
The Nigerian Navy has dismissed as fake a recruitment advert currently circulating on social media…
A 2008 judgment of the District of Columbia Court of Appeals shows that a man…
This website uses cookies.