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Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars - Politics - Nairaland

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Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:09pm On Mar 14, 2021
I have gathered instances used by politicians to scam the Nigeria state of billion of dollars.

This projects are marked up to take into account the price of house in Banana Island,private jet, Lexus VS,Dubai mansion the contractors want to acquire. As well as the cut of the Federal Ministry civil servants, Minister or Commissioner approving the projects.

I will cite four examples
:

1) Road Construction: The Eruwa project started from Eruwa junction in Ife and Garage Olode in Ifewara, which is 8.2km. The project was awarded the Federal Ministry of Works for N600 million in 2010 when the naira was still somewhat strong against the dollar. Redeemed Christian Church of God executed that same project when naira had crashed for N188 million from 2016-2019.

"Part of the petition read, “The rehabilitation of the road was awarded and paid for by Pastor Enoch Adeboye in the sum of N188,440,342, hence the claim by Cartil Construction Nigeria Limited was illegal and unjust.
The project started from Eruwa junction in Ife and Garage Olode in Ifewara, which is 8.2km. We have details of all the seven companies that supplied us with the materials used to execute the project. They delivered all the materials on site. We have supplied details of the projects to the committee."

In Nigeria, the CSJ report said a kilometre of road costs between N400 million and over N1 billion, an amount the report described as outrageous.
According to the report, a 9.52 kilometre Ibadan Township road in Oyo State was awarded at the cost of N5.8 billion, which is approximately N609.24

2) Electricity: President Olusegun Obasanjo spent $16 billion on the power sector, with no tangible result. The administration had targeted the goal of 10,000 megawatts of electricity by the end of it's tenure in 2007. However, power generation remained stagnant.

3) Rail Construction: The cost of the various rail costs approved by Minister of Transport Amaechi in Nigeria has exceeded African Union estimates by 100%.

4)Website: Fashola the current Minister of Housing spent N78 million to upgrade the his personal web site, a site dedicated to giving citizens unfettered access to the Governor’s daily activities and open access to information.

5) Borehole: Fashola the current Minister of Housing spent N69.5 million each to sink two boreholes.

This inflation of projects goes on at local,state and federal level and this explain how civil servant and other government officials become billionaires overnight. Every contract award is inflated at markup rates that go to extremes not seen in any country in the world.

https://guardian.ng/news/nigerias-rail-costs-exceed-aus-estimates-by-over-100/
https://www.pmnewsnigeria.com/2015/08/24/fashola-sank-borehole-at-n69-5m-each-repaired-rural-road-at-n619m/
https://www.premiumtimesng.com/news/headlines/188040-outrage-over-fasholas-spending-of-n78million-lagos-funds-on-own-website.html
https://punchng.com/senate-probes-works-ministry-over-rccgs-n145m-road-project/

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:11pm On Mar 14, 2021
I have gathered instances used by politicians to scam the Nigeria state of billion of dollars

grin grin

So with all what you gathered, the inflated project cost started only under Apc?
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:14pm On Mar 14, 2021
Monogamy:


grin grin

So with all what you gathered, the inflated project cost started only under Apc?
Where did I mention that? APC,PDP and AGPGA follow the same format to scam Nigeria of billions of dollars by inflating the contract amount to account for the price of house in Banana Island,private jet, Lexus VS and Dubai mansion. And in some cases inflated to build the biggest mall in Abuja and Port Harcourt.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:18pm On Mar 14, 2021
RuudVanNisteroy:

Where did I mention that? APC,PDP and AGPGA follow the same format to scam Nigeria of billions of dollars by inflating the contract amount to account for the price of house in Banana Island,private jet, Lexus VS and Dubai mansion. And in some cases inflated to build the biggest mall in Abuja and Port Harcourt.

Why did you make use of the word gathered when your information is only restricted to Apc members .

If you indeed gathered information about the inflated project cost in Nigeria, then your epistle should have been more broaden by including the ones under Apc government and the ones under Pdp government.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:19pm On Mar 14, 2021
RuudVanNisteroy:
Frontpage

Stop calling mods to move your loopsided epistle to FP..

It doesn't worth fp materials
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:20pm On Mar 14, 2021
Monogamy:


Why did you make use of the word gathered when your information is only restricted to Apc members .

If you indeed gathered information about the inflated project cost, then your epistle should have been more broaden by including the ones under Apc government and the ones under Pdp government.
Why do you always play partisan politics. When I cited how Nigeria gets scammed annually did I mention it was a partisan issue?
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by dignity33: 6:21pm On Mar 14, 2021
wait and hear Nigeria raining causes to politician and there generation hoping that God will come to Nigeria to remove them . Is only in Nigeria I see citizen complain online whenever evil policy are implemented from politician but in other countries citizen took to street and effect changes. God can not help you if you cant help yourself.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:24pm On Mar 14, 2021
Monogamy:


Stop calling mods to move your loopsided epistle to FP..

It doesn't worth fp materials
This is FP worthy, the billions lost to fantastical corruption can be used to the benefit of the poverty capital of the world citizens.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:24pm On Mar 14, 2021
RuudVanNisteroy:

Why do you always play partisan politics. When I cited how Nigeria gets scammed annually did I mention it was a partisan issue?

You are the one playing partisan politics by trying to be mischievous always.

Based on your epistle title, one would have expected to read the inflated cost of projects with proofs.

What you listed are merely allegations with no proofs.

This epistle should have been about exposing more about how the project was inflated, how the money was diverted and other people involved in the deal.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Yankee101: 6:25pm On Mar 14, 2021
Is it possible to set up a website to document all these inflated contracts?

So future generations will know who is involved and serve as a template for the EFCC when a responsible government takes over

1 Like

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:26pm On Mar 14, 2021
RuudVanNisteroy:

This is FP worthy, the billions lost to fantastical corruption can be used to the benefit of the poverty capital of the world citizens.

So NL is the EFCC and ICPC office Right?

You are hiding behind your keyboard and raising false alarm..

If you indeed have credible proofs about how the project was inflated, why not approach EFCC
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:27pm On Mar 14, 2021
Monogamy:


You are the one playing partisan politics by trying to be mischievous always.

Based on your epistle title, one would have expected to read the inflated cost of projects with proofs.

What you listed are merely allegations with no proofs.

This epistle should have been about exposing more about how the project was inflated, how the money was diverted and other people involved in the deal.
I listed by sources clown and number one corruption defender
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:27pm On Mar 14, 2021
Yankee101:
Is it possible to set up a website to document all these inflated contracts?

So future generations will know who is involved and serve as a template for the EFCC when a responsible government takes over
That is what I am trying to do here. We can document it here.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:28pm On Mar 14, 2021
RuudVanNisteroy:

I listed by sources clown and number one corruption defender

Your sources are mere allegations which can not be proven .

So come up with more clear facts
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:29pm On Mar 14, 2021
Monogamy:


So NL is the EFCC and ICPC office Right?

You are hiding behind your keyboard and raising false alarm..

If you indeed have credible proofs about how the project was inflated, why not approach EFCC
EFCC and ICPC the bastion of corruption that only goes after yahoo boys and leaves the politicians that have looted $600 billions since 1960 and move around with bullion vans in the open .


https://www.youtube.com/watch?v=Wg7lfHL_l1w

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 6:31pm On Mar 14, 2021
RuudVanNisteroy:

EFCC and ICPC the bastion of corruption that only goes after yahoo boys and leaves the politicians that have looted $600 billions since 1960 and move around with bullion vans in the open .


https://www.youtube.com/watch?v=Wg7lfHL_l1w

If EFCC and ICPC only goes after yahoo boys, then why wasting your time in writing epistle which won't be prosecuted by the agencies involved as they are not interested in prosecuting politicians?
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:32pm On Mar 14, 2021
Monogamy:


Your sources are mere allegations which can not be proven .

So come up with more clear facts

I will give you more clear facts.

The project was awarded for N600 million in 2010 when the naira was still somewhat strong against the dollar. Redeemed Christian Churh of God executed that same project when naira had crashed for N188 million from 2016-2019.


"Part of the petition read, “The rehabilitation of the road was awarded and paid for by Pastor Enoch Adeboye in the sum of N188,440,342, hence the claim by Cartil Construction Nigeria Limited was illegal and unjust.
“The project started from Eruwa junction in Ife and Garage Olode in Ifewara, which is 8.2km. We have details of all the seven companies that supplied us with the materials used to execute the project. They delivered all the materials on site. We have supplied details of the projects to the committee."

https://punchng.com/senate-probes-works-ministry-over-rccgs-n145m-road-project/
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:34pm On Mar 14, 2021
Monogamy:


If EFCC and ICPC only goes after yahoo boys, then why wasting your time in writing epistle which won't be prosecuted by the agencies involved as they are not interested in prosecuting politicians?
Documentation for future records, when a responsible goverment someday takes over. In America or United Kindgom they can go back 100 years to solve a crime and make the perpetrators pay and seize property and bank accounts.
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:40pm On Mar 14, 2021
One day they will all answer for their crimes for approving projects 100% above AU estimates and constructing road projects at N2.1 billion per KM.

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Yankee101: 6:48pm On Mar 14, 2021
RuudVanNisteroy:

That is what I am trying to do here. We can document it here.

Great job

1 Like

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 6:55pm On Mar 14, 2021
Monogamy:


So NL is the EFCC and ICPC office Right?

You are hiding behind your keyboard and raising false alarm..

If you indeed have credible proofs about how the project was inflated, why not approach EFCC
Justice can come any day when we have a good government. Even your darling Daddy has lamented about the $16 billion inflated projects spent by a certain regime on electricity, that resulted in no considerable improvement in megawatts at the time. EFCC and ICPC that report to him are yet to act on this humongous fantastical corruption scandal.

Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 7:19pm On Mar 14, 2021
502two:
[s][/s]
Cheers
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Nobody: 7:41pm On Mar 14, 2021
Yankee101:


Great job
cool
Re: Inflated Projects Used By Politicians To Scam Nigeria Of Billions Of Dollars by Monogamy: 7:41pm On Mar 14, 2021
RuudVanNisteroy:

Documentation for future records, when a responsible goverment someday takes over. In America or United Kindgom they can go back 100 years to solve a crime and make the perpetrators pay and seize property and bank accounts.

Hope you are keeping the record for the said government

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