How did the 28 Federal ministries, their departments and agencies under the administration of President Goodluck Jonathan incur N4 trillion debt to contractors? Who issued the jobs and did they pass through due process? If so, did the contractors complete the assigned jobs?
These and more are the duties which a special task force to be raised by the Federal Government is to undertake before the debt could be classified as Federal Government liability and settled by the new administration.
The N4 trillion debt, which is nearly the country’s budget for one year, was handed over by the previous government to the present administration as part of the hand-over note given to the Transition Committee raised by President Muhammadu Buhari.