19th December, 2022.

The Chairman,
K.F.A,
Odunuga Street,
Opebi Ikeja,
Lagos State.

Dear Sir,
STATEMENT OF MONEY RECEIVED AND JOBS DESCRIPTIONS

A: FOR AUGUST 2022

Quotation for borehole, wedding demolition and Cart away = ₦500,000.00 (3rd August,
2022).
To balance ₦180,000 (₦100,000 was verbally promised to be paid because of the
replacement of the gate)

Therefore ₦100,000.00 is to be balanced for the above job in August 2022.

B: FOR SEPTEMBER 2022

Quotation for foundation work up to German floor levels = ₦4,151,720.00
Amount approved = ₦3,200,000.00

Others
1) Amount approved for planks, Nails & others = ₦400,000.00
2) Transportation of 5,563 blocks moved from other site at ₦60 each = ₦333,700.00
3) Water tank, hoses, pipes, plumbing materials & labour = ₦120,000
4) Omo Onile & Local Government = ₦15,000.00
5) Security for the month of September 2022 = ₦25,000.00
TOTAL ₦893,780.00
Therefore, the sum o+------------------------------------f ₦93,780.00 is to be balanced
for the above job description between September & October 2022

Henced, ₦100,000.00 (Balance to be paid in August 2022)

₦93,780.00 (Balance to be paid between September and August 2022)
₦193,780.00

Super Structures
Amount approved = ₦2,700,000.00
Amount paid: First payment = ₦2,000,000 (Sept. 6th 2022)
Second payment = ₦1,000,000 (Sept. 26th 2022)
Third payment = ₦1,000,000 (October 17th 2022)
Fourth Payment ₦1,500,000 (26th Oct. 2021)
Fifth Payment ₦1,500,000 (23rd Nov. 2022)
Total ₦7,200,000.00

Amount supposed to be paid

1) Borehole, wedding & others = ₦600,000
2) Foundation, to German floor = ₦3,200,000
3) Others = ₦893,780
4) Superstructures = ₦2,700,000
TOTAL = ₦7,393,780.00
Hence the balance of ₦193,780.