Coscharis Group Chairman alleges officials demanded inflated prices for vehicle deals in…
What happened
Cosmas Maduka, Chairman of Coscharis Group, claimed that a former Plateau State governor demanded the company double the invoiced price of proposed vehicle purchases. The original price of ₦40 million was allegedly inflated to ₦80 million as a condition for the supply deal. Coscharis Group refused the inflated deal. Maduka further alleged that some public officials use intermediaries to inflate costs during vehicle purchases.
From tribuneonlineng.com
Why it matters
The allegations concern inflated costs in public procurement involving Coscharis Group and officials of Plateau State. Maduka stated that this practice of inflating invoices for vehicle purchases is common among some public officials. The claims relate to the conditions set for supply deals between the company and state officials.
From tribuneonlineng.com
Who's involved
- Cosmas MadukaChairman of Coscharis Group, who made the allegations
- Coscharis groupCompany involved in the alleged vehicle supply deals
- Plateau StateState where the alleged procurement deals took place
- Caleb MutfwangCurrent Governor of Plateau State, whose predecessor is referenced
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Coscharis groupSpeculative
Coscharis Group might face reduced revenue from government contracts due to the corruption allegation.
- Plateau StateSpeculative
Plateau State could face increased costs or stricter regulations on state procurement processes.
Keep exploring
The entities involved
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Coscharis group
Company involved in importation and distribution of genuine automotive spare parts, accessories of Japanese vehicles and several kinds of automobile related products.
Nothing else this week.
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Plateau State
state in Nigeria
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Cosmas Maduka
Nigerian businessman
Nothing else this week.