Makurdi - The Benue Commissioner for Works, Mr Benjamin Ashaver, says over N55.3 million has so far been recovered from the Value Trust Investments for non-execution of rural roads project.
Ashaver told reporters on Wednesday in Makurdi that the money was recovered from the contractor for his inability to execute the project.
He said the contract which was awarded in 2004, had 18 months duration from the time of award.
He expressed regret that though 30 per cent of the contract sum had been paid as mobilisation, the contractor still failed to complete the job.
Ashaver said the contract was awarded at the sum of N2.303 billion.
He said the contractor was duly mobilised for the job and paid N691.068 million but expressed regret that the total work done by the contractor amounted to only N195.799 million.
Ashaver said the total amount paid to the contractor as at July 2006 was N886.867 million while the total amount standing against him was N635.782 million.
He said the matter had been reported to the EFCC for the refund of the outstanding balance against the contractor following his inability to execute the contract.
The News Agency of Nigeria (NAN) reports that the contract was awarded for the construction of 230 km rural roads using romix soil stabilisation under the tenure of former Gov. George Akume.