Contractor Honored for Returning N75Million Overpaid by NIMASA

The Managing Director of Messrs Caniz Ltd, Dr Austin Izagbo, has been honoured by the Daily Independent Newspapers for returning N75 million overpaid to his company by the Nigerian Maritime Administration and Safety Agency (NIMASA) to implement a contract.
Dr Izagbo, a Delta-born politician, commended the newspaper for recognizing his integrity.

In 2015, NIMASA over-paid his company by N75 million. Dr Izagbo returned the money immediately after spending valuable time convincing NIMASA that it had made a costly mistake

While receiving his award, he said, “I appreciate the award given to me for returning N75 million overpaid by Federal Government Agency, NIMASA for a contract executed by my Company Messrs Caniz Ltd.

“The award is a call for me to do more and also encourage other Nigerians that there is a reward for doing what is right”

He said the award has elicited great commendation from many Nigerians, especially at a time like this in Nigeria where it is common knowledge that Politicians and Corporate chieftains are perceived by the larger society as corrupt and common criminals.