Some contractors awarded various contracts by the New Partnership for African Development (NEPAD) Nigeria Office are groaning under the weight of debt after the office failed to pay for their services more than three years after delivering on the projects.
Official documents seen by PREMIUM TIMES show that the various contracts – majorly for the supply of office furniture and computer equipment — were awarded between September and December 2016.
But over three years after, the contractors say the debt owed them by the federal government agency has rendered many of them bankrupt.
With only 10 per cent of the contracts sums paid in most cases, the contractors grapple with a burden of debts around their necks.
The contracting firms are Telmac Engineering Services Ltd,…