Anambra Awards N386m in Contracts to Firm That Was 6 Days Old at Bid Closure

 

The Anambra State Government has awarded nearly N386.3 million in contracts to a company that was barely six days old when it bid for the first deal. 

This firm was officially listed as inactive on the Corporate Affairs Commission (CAC) website when it secured the second contract.

Calyzid Ventures, incorporated on September 20, 2023, emerged winner of a N290.5 million contract to supply laboratory equipment to 17 general hospitals across the state in May.

According to the Anambra State procurement portal, the bid was opened on September 11, 2023 and closed on September 26.

The company was registered on September 20, 2023, just about a week before the bid closed. Despite quoting N316.5 million, the contract was awarded at N290.5 million which was the project’s budget ceiling.

Two other companies competed with Calyzid in the bidding process. The third company, Wills and Muncy, was registered on September 5, 2023, three weeks before the bid, and is also inactive.

The second bidder, Minek Multi-Care, was incorporated in 2006, according to the CAC records.

Procurement records show that the process was conducted through “selective tendering”, with “transparency and accountability” cited as justification. But evaluation documents gave all three bidders, including Calyzid Ventures, a financial score of 0.00.

a 20-month gap followed between the September 2023 bid opening and the contract award in May 2025.

About a month after the state awarded the contract, in July, Calyzid Ventures received an additional N95.8 million from the state for another contract. This time the company was contracted to do “geophysical survey/mapping of 2,018.319 hectares of land” on behalf of the state.

The two contracts bring the total awarded to the firm to N386.3 million in less than two months. Both state and federal procurement laws require bidders to provide proof of incorporation, tax clearance, financial capacity and other statutory documents.

Per the Anambra State procurement law of 2011, all bidders must meet key eligibility requirements, including professional and financial capacity, necessary equipment and personnel, and legal standing.

They must not be insolvent, bankrupt or in winding-up proceedings, and must be tax and social security compliant.

Bidders can also not have directors with fraud-related convictions, and each bid must include an affidavit disclosing any conflicts of interest and affirming the truthfulness of all information provided.

A company can only be listed inactive on the CAC if it is not filing its annual returns on time or it does not provide the details of ‘persons with significant control’.

FIJ