Connect with us

Metro

Atiku alleges Tinubu awarded multi-billion dollar contract to crony

Published

on

Former Nigerian Vice President and presidential candidate of the Peoples Democratic Party (PDP) in the 2023 presidential election, Atiku Abubakar, has accused President Bola Tinubu of awarding the construction of a multi-billion dollar 700km Lagos-Calabar coastal highway to a crony and business partner, Gilbert Chagoury, the owner of Hitech Construction Company Ltd, without any competitive bidding.

Atiku who made the accusation in a statement issued on his behalf on Sunday by his Media Coordinator, Paul Ibe, insisted that the company that won the 47.47 kilometres highway dual carriageway contract, Ltd, is owned by a crony of the President.

He added that in awarding the contract to the company, Tinubu had put his personal business interests before Nigerian infrastructure by engaging in questionable dealings at the detriment of the country.

Minister of Works, Dave Umahi had revealed last werk that work on the much anticipated Lagos-Calabar coastal highway would soon commence with the award of the contract to Hitech Construction Company Ltd.

In a statement by his Special Adviser on Media, Orji Uchenna, Umahi said the contractor had commenced work following the formal handover of the initial phase of the project comprising 47.47 kilometres of dual carriageway to Hitech.

But while reacting to the Minister’s statement, Atiku said the project was allocated to Hitech Construction Company Limited owned by billionaire businessman, Gilbert Chagoury, whom he described as an ally of President Tinubu “devoid of any documented competitive bidding process or decision by the Federal Executive Council (FEC).

“The so-called pilot phase from Eko Atlantic to Lekki Deep Sea Port was initially conceived as a Lagos State Government project but because of its huge cost coupled with the fact that Lagos State has a huge debt burden no thanks to Tinubu, the Federal Government is now implementing it under the guise of Lagos-Calabar Coastal Highway,” Atiku said.

“This perhaps explains why there are fears that the project will never get to Calabar, and this is the same reason the project is beginning from Lagos and not Calabar.

“Despite not revealing the cost of this entire project, the Tinubu administration is now on the verge of setting up a so-called Renewed Hope Infrastructure Development Fund, a fund targeted at constructing capital projects without the usual budgeting process.

“More curious is the fact that the entire pilot phase of this project begins and ends in Lagos, especially within the axis of Bola Tinubu’s business interests. It is no secret that both Tinubu and Chagoury are business partners.

“This same Hitech, owned by Chagoury, was unable to complete the 50km Lekki-Epe Expressway. Despite installing two tollgates along the axis, Hitech which was part of the Lekki Concession Company consortium, was only able to construct about 20km, forcing the Lagos State Government to buy it back at the cost of N7.5bn ($50 million at the time) in 2013, which came at a loss to the people of Lagos.

“Tinubu has once again put his personal business interest ahead of that of the Nigerian people in violation of his oath of office where he swore that ‘I will not allow my personal interest to influence my official conduct or my official decisions’.

“Umahi refused to reveal how much the project would cost. He only explained that it would run through nine states and would have a railroad running through the middle.

“Most importantly, the works minister said the project would come at zero cost to Nigeria, which is currently facing an all-time high level of debt.

“The build, operate, and transfer indicates that Hitech would construct the road, operate it for a certain period, recoup its investment through tollgates, and subsequently return it to the Nigerian government.

“Because the project did not require public funds, it did not go through approval from the National Assembly, which holds the power of appropriation.

“Also, the project only went through the Infrastructure Concession Regulatory Commission with no record of a competitive bidding since Chagoury’s firm was to fund the project 100 per cent.

“However, to the shock of many Nigerians, Umahi returned to FEC with a memo in March 2024 seeking the approval of N1.06tn that would be paid to Chagoury’s firm for the first phase of the project which is wholly in Lagos.

“This pilot phase was to begin from the edge of Chagoury’s Eko Atlantic City on Ahmadu Bello Way, Victoria Island, and terminate at the Lekki Deep Sea Port, Ibeju-Lekki, a distance of 47.47km.

“Till date, the Tinubu administration has refused to reveal how much the project will cost in total. Umahi, who even came on Channels Television recently, evaded questions as to the total cost of the project.

“But if 47.47km costs about N1.06tn, it means each kilometre is being built at N22.5bn or $18m. For a project that is going to be 700km, it means the total cost could be N15.7tn or $12.56bn, which is higher than previous estimates,” Atiku said.

Metro

Nigeria has become a ‘failing state’ under Tinubu— Ex-President Obasanjo

Published

on

YFormer Nigerian President, Olusegun Obasanjo, has described the country under incumbent President Bola Tinubu as a “failing state” which is characterized by pervasive corruption, leadership failure, hardship and hunger.

Obasanjo, who made the assertion while delivering a keynote address at the Chinua Achebe Leadership Forum, Yale University, New Haven Connecticut, USA, said Nigeria was speedily becoming a bad case under the leadership of President Tinubu whom he referred to as “Emilokan” and “Baba-go-slow”.

The former Head of State, fondly called OBJ, who spoke on the theme ‘Leadership Failure and State Capture in Nigeria”, added that the country was suffering from state capture as a result of the lackluster leadership of the Tinubu-led administration.

He noted that chaos, insecurity6y, conflict, discord, division, disunity, depression, youth restiveness, confusion, violence, and underdevelopment had become permanent occurrences in this dispensation, leading the country into a failed path.

”As we can see and understand, Nigeria’s situation is bad. The more the immorality and corruption of a nation, the more the nation sinks into chaos, insecurity, conflict, discord, division, disunity, depression, youth restiveness, confusion, violence, and underdevelopment,” OBJ said.

“That’s the situation mostly in Nigeria in the reign of Baba-go-slow and Emilokan. The failing state status of Nigeria is confirmed and glaringly indicated and manifested for every honest person to see through the consequences of the level of our pervasive corruption, mediocrity, immorality, misconduct, mismanagement, perversion, injustice, incompetence and all other forms of iniquity. But yes, there is hope.”

The former President also described state capture as “one of the most pervasive forms of corruption, a situation where powerful individuals, institutions, companies, or groups within or outside a country use corruption to shape a nation’s policies, legal environment, and economy, to benefit their private interests.”

“State capture is not always overt and obvious. It can also arise from the more subtle close alignment of interests between specific business and political elites through family ties, friendships, and the intertwined ownership of economic assets.

“What is happening in Nigeria right before our eyes is state capture. The purchase of national assets by political elites and their family members at bargain prices, the allocation of national resources, minerals, land, and even human resources, to local, regional, and international actors. It must be prohibited and prevented through local and international laws.

“Public institutions such as the legislature, the executive, the judiciary, and regulatory agencies both at the federal and local levels are subject to capture. As such, state capture can broadly be understood as the disproportionate and unregulated influence of interest groups or decision-making processes, where special interest groups manage to bend state laws, policies, and regulations,” OBJ added.

The former president stressed that Nigeria’s dire situation is evident to “every honest person.”

He further warned that the country is sinking deeper into insecurity, division, and underdevelopment due to widespread corruption, mediocrity, and a lack of accountability.

Continue Reading

Metro

Again, Zambian court denies bail to ex-defence minister on medical grounds

Published

on

A Zambian High Court has, again, denied bail to detained former Defence Minister, Geoffrey Bwalya Mwamba, who is seeking release from prison on medical grounds pending an appeal.

Mwamba, who was sentenced to five years imprisonment with hard labour for conflict of interest following charges by the Economic and Financial Crimes Division of the High Court, had requested bail to seek specialized medical treatment in South Africa following his illhealth.

However, a panel of judges comprising Justices Ann Malata-Ononuju, Ian Mabbolobbolo, and Vincent Malambo, during the bail hearing, ruled that Mwamba health condition did not warrant bail, adding that his appeal lacked prospects of success.

The court further emphasized that granting the Mwamba bail on medical grounds could set a precedent which will allow individuals with health issues to evade custodial sentences.

Zambia Monitor reports that Mwamba who is currently incarcerated at Mwembeshi Correctional Facility, was recently transferred to Maina Soko Military Hospital after his health deteriorated while an affidavit filed by his legal team cited inadequate medical resources at Mwembeshi, which is only staffed by a clinical officer.

Mwamba reportedly suffered from swelling in his lower body, a condition linked to failed medication that required specialist care unavailable locally.

His defense team have argued that his appeal raised unresolved legal questions and that no direct evidence linked him to the alleged crimes. They also pointed out that no records, such as bid bonds or meeting minutes, were presented to prove that contracts were improperly awarded to Curzon Global.

The defense also argued that Mwamba’s five-year sentence was excessive for a first-time offender, and that delays in the High Court’s appeal process might result in him serving a significant portion of his sentence before the appeal is heard.

They also maintained that Mwamba posed no flight risk and that releasing him on bail would not prejudice the State.

Mwamba’s appeal, based on eight grounds, claimed that the trial court ignored evidence showing he had declared his interest in the case, contending that the magistrate misinterpreted Section 28(2) of the Anti-Corruption Act in dismissing his declaration of interest.

Mwamba was convicted on October 10 by Magistrate Standford Ngobola on charges of conflict of interest and possession of property suspected to be proceeds of crime.

His initial bail application was also denied by the magistrate, citing insufficient grounds.

Continue Reading

EDITOR’S PICK

Metro2 hours ago

Nigeria has become a ‘failing state’ under Tinubu— Ex-President Obasanjo

YFormer Nigerian President, Olusegun Obasanjo, has described the country under incumbent President Bola Tinubu as a “failing state” which is...

Culture5 hours ago

Chidimma Adetshina makes history as she emerges first runner-up for Miss Universe 2024

Chidimma Adetshina, Nigeria’s representative at the 73rd Miss Universe Competition held in Mexico, made history as she finished as the...

Metro24 hours ago

Again, Zambian court denies bail to ex-defence minister on medical grounds

A Zambian High Court has, again, denied bail to detained former Defence Minister, Geoffrey Bwalya Mwamba, who is seeking release...

Sports1 day ago

Ghanaians in tears as Black Stars fail to make AFCON 2025y

Ghanaians in tears as Black Stars fail to make AFCON 202 Football lovers in Ghana have been thrown into sadness...

Metro1 day ago

Tinubu’s reforms in Nigeria not working— IMF

The International Monetary Fund (IMF) says the various reforms carried out by Nigerian President, Bola Tinubu, are not working for...

Metro2 days ago

EU launches initiative to reintegrate over 417,661 out-of-school children in Nigeria

The European Union (EU) has launched an initiative to reintegrate over 417,661 out-of-school children in Nigeria, particularly in the northwestern...

Metro3 days ago

World Bank pledges $3b to support Zambia’s development goals

The World Bank Group has pledged to avail Zambia with approximately $3 billion to support the country’s development goals under...

Sports3 days ago

Kenyan marathon legend Kipchoge advises young athletes to prioritize success over money

Kenyan marathon legend, Eliud Kipchoge, has advised young athletes to place success ahead of quick money and riches. The former...

Culture3 days ago

Tyla set to drop new single ‘Tears’ on November 20

South African “Ampiona” crooner, Tyla, is set to thrill her fans to her new single titled, “Tears’, which is set...

Uncategorized3 days ago

1,172 Nigerians killed, over 1,000 kidnapped in nine months— NHRC

The National Human Rights Commission (NHRC) has put the figures of Nigerians killed and kidnapped by non-state actors from January...

Trending