c33b33:

Rumuokwurusi, Obio/Akpor, Rivers state

IPOB Youth

passionate88:
Then you are talking about the eneka road.

ijekul:

As the Judicial Commission of Inquiry set up by the Rivers State Government to probe the sale of valued assets of the state and other matters continued its sitting on Friday, the technical consultant to the state on the monorail project, Arcus Gibbs revealed that  he advised former Governor Chibuike Amaechi against continuing with the project.

Managing Director of Arcus Gibbs Nig Ltd, Wiero Viguezang, however said his company gave the advice only after collecting N22.9bn from the Rivers State Government since its services were enlisted in March 1, 2010.

Viguezang spoke when he appeared before the commission to explain the role played by his company in the monorail project being probed by the commission.

While being cross-examined by counsel to the commission, Dr. Zaccheus Adangor, Viguezang, stated that the monorail project was no longer tenable considering the shortfall in the state’s revenue and the inability of its original technical and equity partners, TSI Nig Ltd, headed by the former military administrator of Rivers State, Brig-Gen Anthony Ukpo (Rtd.), to fulfil its obligations to contribute 80 per cent of its equity holdings.

He disclosed that the state owes his company N1.1bn for its services.
He also said the company had in a letter to the Rivers State through the ministry of transport, in April, made a six-point recommendation to the Rivers State on how to unbundle the monorail project in such a way that the state government can salvage some financial benefits out of the N33.9bn so far invested in the project. The monorail project was originally estimated to cost about Euros2250m.

The technical partner had in its sixth point of recommendation suggested to the Rivers State Government to unbundle the monorail project and approach the manufacturers of the mechanical components and rail tracks in Germany and exploit the possibility of reselling components at a lower price to the manufacturers.

He said the company also advised the state government to consider the option of using the monorail facilities for other commercially viable purposes, mentioning the spaces between pillars and surrounding areas of the monorail project, stressing that the area between Azikiwe Road and the UTC axis could be put into very fruitful commercial purpose.
Viguezang also told the commission that his company and the state government had planned to unveil the monorail project last April specifically to mislead the people of Rivers State into thinking that the project, which has gulped N33.9bn, was still on course.

He admitted that his company wrote a memo to the commissioner for transport to arrange the unveiling of the project essentially for media coverage since the project was “technically uncompleted”. 

According to Viguezang, “We actually wrote to the ministry of transport in January, to arrange for the governor to unveil the monorail project in April for the attention and coverage of the media based on the expectation of the people of the state.”

When asked to clarify if the unveiling was to deceive the people of Rivers State into believing that the controversial monorail project was ready, Viguezang admitted; “It was to deceive the people into believing that the monorail project was at last ready”.

The managing director, however, stressed that “apart from the media coverage and public attention that it is expected to generate, the monorail was not technically and commercially ready. Only phase 1a within phase 1 of the project was ready. So, there was no way the public would have been able to use the monorail as at April when we asked the ministry of transport to unveil the project to the media”.

Viguezang admitted that the Rivers State government enlisted services of Arcus Gibbs at the cost of N600 million from March 1, 2010 to December 1, 2010, after the memorandum of understanding (MoU) with TSI collapsed because TSI could not raise revenue to fulfil the payment of its 80 per cent equity share capital.

He stated that part of its role as the technical service provider to the Rivers State government concerning the monorail project was to evaluate and assess the activities of TSI and give an independent opinion to the Rivers State government.


http://www.thisdaylive.com/articles/how-technical-consultants-advised-amaechi-against-monorail-project-after-collecting-n22bn/218811/

hahahahahahahahahaahah hohohhohohohho
PDP sucks at propaganda. very unintelligent at mopping out constructive propaganda. very ebeleic in their approach. the caption said N22.9b but what is seen in the story is N600M what an ebeleic propaganda!
by the way where did they get the info that the project was scheduled to cost 2250m euro which is over N600b was that a typo or the usual clueless/ebeleic propaganda.
Thisday news paper is a well respected national dailies in Nigeria but in recent times they are pulling all the stops to soil their hard earned reputation because of Rivers politics which is very unfortunate. But again, who wouldn't want to get the share of the N50b naira larges set aside by the Rivers State government to sponsor media propaganda against the award winning ex Rivers governor.
well we are not telling them not to eatooo but next time they should try and do a decent job

c33b33:


Which Eneka road? The project (paved road and street light) is inside rumuokwurusi.

Igwuruta-Eneka-Elimgbu-rumuokwurusi road is the state government project. I am talking about Intels project for its host community.

IPOB Youth

passionate88:
na wa o. And Rumuokwurusi youth couldn't do anything about it? .

drshrewd:


hahahahahahahahahaahah hohohhohohohho
PDP sucks at propaganda. very unintelligent at mopping out constructive propaganda. very ebeleic in their approach. the caption said N22.9b but what is seen in the story is N600M what an ebeleic propaganda!
[b]by the way where did they get the info that the project was scheduled to cost 2250m euro which is over N600b was that a typo or the usual clueless/ebeleic propaganda.
Thisday news paper is a well respected national dailies in Nigeria but in recent times they are pulling all the stops to soil their hard earned reputation because of Rivers politics which is very unfortunate. But again, who wouldn't want to get the share of the N50b naira larges set aside by the Rivers State government to sponsor media propaganda against the award winning ex Rivers governor.
well we are not telling them not to eatooo but next time they should try and do a decent job [/b]

Ifyjuli25:
First page things...

No comments.

homesteady:
I'm waiting to read Demdem comment!

Demdem:
I never supported this monorail from day 1. Now that Amaechi has left the killer party when he commenced this waste, it won't still make me support it.
Is part of his few bad decisions.

kaycid77:


When I said it here that Amaechi has already spent 150 billion Naira, each pillar of the mono rail cost 100 millions Naira to construct, if tribunal and buhari give back this state to Amaechi then IPOB will set Nigeria on fire

DemDem where are u....you and ur master are criminals

atlwireles:



So 225M Euro is over N600B? Where in the article did you find this story? Your attempt to undercut this story has left you pissing all over yourself

is your type that watches television from the back. what is written in the article is 2250m euros and that translates to euro 2.25b. it seems you have problems with figures by the way, the main issue here is the lie in the caption of this news insinuating that the poor tech. consultant took N22.9b whereas in the article we saw N600M so what have you to say about this

anonimi:


Demdem
I understand he saw the thread and fainted. Some guys are trying to resuscitate him as I type

staymore:


Am also looking for that same demdem, let me know if you see him.

Demdem:


Fool, is that the way ur seeds are destined to be fainting left right center?

you needn't waist your precious energy on these impressionable kids that are easily swayed by petty and unconstructive propaganda. reread the article very well and have a laugh at the ebeleic propaganda

175:
Demdem d biggest FOOOOOOOL on NairaLand, come and defend your master. Slave like you. . .Oru. Mumu, mugu.
.
.
.
If na to curse GEJ nowwww, u go open dat ur smelling gutter of a mouth and blast! Hypocrite!

Demdem:


Fool, because jona-daft gets one or two policies right doesn't suggest he isn't daft. He has always been since his governorship days in Bayelsa. The truth is we are taking more steps backwards than forward which means cumulatively the fool is failing.
I praised jona-daft cassava bread policy but the fool went ahead to eat a billion naira worth of food in that financial year. Why wouldn't I knock him?
There is a huge difference between both of us and I don't fancy ur pitiable state.
While u praised jona-daft no matter what even if the drunkard ffucks u up, I praised (which is limited becos of limited good from him anyway) and knocks as deem fit.

Forwetinnah:


Wish I could give you a trillion likes. That joke of a person is a gutter case

Forwetinnah:



Everyone seems to be waiting for Demdem

Demdem:
I never supported this monorail from day 1. Now that Amaechi has left the killer party when he commenced this waste, it won't still make me support it.
Is part of his few bad decisions.

Truckpusher:
Of course you're right .

It is a distance that we usually trek to save money for ourselves as teenagers .

I have personally promised myself that any day I catch that demdem in port harcourt I'll personally use my hand and kill that wasted spermatozoa.
Amaechi stole us blind .

Drugpusher, the day u see me will be the day u will bow down before me and kiss my toes. Hopeless eediot.

drshrewd:


[b] hahahahahahahahahaahah hohohhohohohho
PDP sucks at propaganda. very unintelligent at mopping out constructive propaganda. very ebeleic in their approach. the caption said N22.9b but what is seen in the story is N600M what an ebeleic propaganda!
by the way where did they get the info that the project was scheduled to cost 2250m euro which is over N600b was that a typo or the usual clueless/ebeleic propaganda.
Thisday news paper is a well respected national dailies in Nigeria but in recent times they are pulling all the stops to soil their hard earned reputation because of Rivers politics which is very unfortunate. But again, who wouldn't want to get the share of the N50b naira larges set aside by the Rivers State government to sponsor media propaganda against the award winning ex Rivers governor.
well we are not telling them not to eatooo but next time they should try and do a decent job [/b]

Demdem:


Fool, am here. may not reply u eediocy immediately though

drshrewd:


you needn't waist your precious energy on these impressionable kids that are easily swayed by petty and unconstructive propaganda. reread the article very well and have a laugh at the ebeleic propaganda

staymore:


Here comes the bastard demdem
Where have you been to defend your master

Demdem:


fool, defend wettin? tell me please, how ,much was revealed to have gone into Amaechis Bank account. If u cant then it means that u and ur entire lineage are foolish.

staymore:


Slave

staymore:


Slave

Demdem:


Thunder fire u bastard, why u dey follow me?

staymore:


slave

Keep toiling

Demdem:


Thunder fire u bastard, why u dey follow me?

Demdem:


Thunder fire u bastard, why u dey follow me?

Demdem:

staymore:


Your downfall is certain
that's why am following you to witness your toiling and sweating

Slave

bastard, him on the path of Truth fears no downfall. may lose one or to battles but the eventual war is his to savour.
U and ur shameless kind on WIkes camp will surely experience the downfall. Just like i won the eventual war on Jonah-daft the world acclaimed fool, wike is a small fish.