KPMG : Amount Contained in the report was Contract Sum, Not Money Paid To Our Company—Track Care Construction.

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Track Care Global Construction Company has appreciated the efforts of the Abia State Government in setting the records straight in the area of the Financial Process review carried out by KPMG firm for the state government.

The Company in a statement on Monday by its Management clarified that the amount contained in the report was contract awarded from 2015-2023 and not amount of money paid to them as most project awarded to the company has not been funded by the state Government.

The Company also stated that it has completed all the contracts that were funded by the Abia State Government.

“After the publication of the KPMG reports, we have deemed it imperative to further enlighten the citizens of Abia State about the various processes of contract jobs”

“There is a difference between contracts awarded and the amount paid. Payments are released in multiple tranches therefore, some of the contracts mentioned are yet to be mobilized or funded eg. Ururuka phase 2 etc. All the contracts that were mobilized have been completed”

“KPMG in their reports, have stated that the figures are yet to be verified.
It is important to set the record straight in order to avoid further defamatory information against a reputable organization”

“We appreciate all efforts by the government in putting the records straight” the Company stated

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