Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,410 members, 7,958,204 topics. Date: Wednesday, 25 September 2024 at 10:43 AM |
Nairaland Forum / Nairaland / General / Politics / Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) (31023 Views)
FG Threatens To Terminate Julius Berger, CCECC Calabar Road Contracts / Rivers VAT Not For Abuja People, I Don’t Care If Heaven Falls, Wike Warns / Wike Warns #RevolutionNow Protesters, Says "Stay Off Rivers State" (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 9:05am On Jul 24, 2022 |
frog12: In a runaway and inflation prone economy such as Nigeria's what Wike did by giving 80% is the most logical thing to do....unless ofcourse you want contractors to come back and ask for variation due to price changes. Most contractors include validity period of the quoted contracts sum, if it exceeds such period it gives them grounds to ask for contract review hence variation but paying upfront you corner and compel them to expeditiously execute the contract within the stipulated time frame, it is also pertinent to ensure strick supervision to ensure compliance in both quality and schedule. That's basic logic. Most procurement laws actually doesn't encourage paying that much as initial milestone but exigencies compels. 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 9:07am On Jul 24, 2022 |
Dikaveli: You mean like Ameachi that has gone into oblivion and nobody talks about anymore...even his comrades are deserting him everywhere. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by SeaTrade(m): 9:07am On Jul 24, 2022 |
Nigeriafirstlad:You said State governments invest in JB because they could use them to launder money and you're showing me screenshots of bribe distribution allegations and kickbacks to JB as proof of states government laundering money via JB? They(State governments) can still receive bribes or kickbacks from JB without investing in them na,so how does what you're saying hold water? Aren't you lost in your own argument like this? And I'm very calm,trust me. 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by bonnyhope: 9:08am On Jul 24, 2022 |
Shikamaru1:You are saying technically But Originally it is German |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by idahme(m): 9:11am On Jul 24, 2022 |
nony43: It's not an old video...why don't you do fact check of the projects they are mentioning, they are new projects he is bringing up in PH. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by frog12: 9:13am On Jul 24, 2022 |
good point but I can differ. that's why you pay for only materials first AmazingELixir: 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by sulaak(m): 9:14am On Jul 24, 2022 |
Manny21: In what world do you give 80% upfront to a contractor and expect serious results. Wike is useless and stupid 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by sulaak(m): 9:16am On Jul 24, 2022 |
AmazingELixir: You please the funds in an escrow account and pay for all material in advance |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by frog12: 9:18am On Jul 24, 2022 |
okowa is a snake. a betrayer. he betrayed the southern governors for position erniok: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Stronghold91: 9:18am On Jul 24, 2022 |
Atiku greatest mistake he did not pick wike as his vice president |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by idahme(m): 9:20am On Jul 24, 2022 |
frog12: What is the future value of money? Whether you don't pay it today, you will pay it Tomorrow.vyou think if you sign a contract of 1billion today , you will still pay one billion at the end of the contract? Inflation adjustment will also come into play. 1billion today can never be one billion in 1year. A government can do that if the contractor has shown previously that it can be trusted and has delivered same promises they made. JB has been delivering multiple flyovers within 10months of going into site. You think you are smarter than the Governor who doesn't want to keep projects under construction for the incoming administration? |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by erico2k2(m): 9:20am On Jul 24, 2022 |
Dikaveli:make una get sense Okowa gave 120b he borrowed with the heads of delta state to Atiku but Wike refused to use Rivers state money to give Atiku even though he has x5 of such funds.nor be Man e be? |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Christistruth00: 9:24am On Jul 24, 2022 |
Nigeriafirstlad: Don’t Joke with the Germans and British when it comes to Construction they Truly have a gift from God Even the most well Trained Nigerian Engineers will need divine intervention to produce the Standard Of Construction that they do Just go and take a Very Good look at the 3 rd Mainland Bridge and you will see that what produced it was beyond degrees and Education It took Godly Wisdom Many of the Roads the Romans built in Bath in Uk 2000 years ago are still functioning and they didn’t have degrees, they didn’t even know Physics https://brewminate.com/the-roads-of-roman-britain/ 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by ogmask: 9:29am On Jul 24, 2022 |
Manny21: It's not a wise decision to do so. Money for contracts should be done according to milestones and not pay almost everything upfront thereby leaving the state at the mercy of the contractor. Come to Phc and see the kind of shabby job JB is doing. No supervision no oversight, and very rough and poor craftsmanship. We all know the reason for the wholesale payment is because he uses them to launder money. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Nigeriafirstlad(m): 9:30am On Jul 24, 2022 |
SeaTrade: The reason why JB is attractive to them is because JB is a dubious company. Kickback can be done in several ways to launder money. A governor can pay 90% upfront for a road project or flyovers in Nigeria and receive 20% of the money as kickback in Lebanon offshore account or Dubai offshore account. That's how they operate and it becomes impossible for anti-corrupsion agencies to trace because of the complexities of the transaction. you will only understand when you are involved. 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 9:32am On Jul 24, 2022 |
frog12: Nah, you can't do that, most engineering contracts have Mobilization, statutory approvals, Engineering design and reviews in that order as their first 3 milestones, procurement and construction amongst others follow suit. As a client you pay by milestones following that sequence. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Soulsymbol99: 9:33am On Jul 24, 2022 |
The 80% na make em for collect his full share immediately 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by ogmask: 9:35am On Jul 24, 2022 |
Galaxydon1: What kind of wish is this Na... Abeg take your wish easy my guy. If u live here u wouldn't wish such for even your enemies. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by waice6571: 9:36am On Jul 24, 2022 |
Manny21: Most especially the governor's from the North... They lack financial integrity. Many contractors are serious debt because of their infidelity. Imagine supplying rice to a state (Sokoto) hospital in the north with 3months payback duly signed agreement but they refused to pay almost 2years after. Borehole contract with Kano State RUWASA... After borrowing millions from the bank to execute the contractor is begging to feed himself with his family practically scattered. It is very bad walahi.... 1 Like 1 Share |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by frog12: 9:39am On Jul 24, 2022 |
good point. we are just saying after paying almost all the money to JB, JB can now delay the project with one excuse after another. You pay for materials so inflation no go affect am. Wike is not smart. he is just a noisemaker. idahme: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Enny2013(f): 9:40am On Jul 24, 2022 |
I just like dis man! Dnt just know y... |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by vastolord4(m): 9:41am On Jul 24, 2022 |
erniok: I repeat, isn't it what we need? |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by frog12: 9:44am On Jul 24, 2022 |
i agree. you pay by milestone, but engineering design will not cost billions. procurement is what takes most of the cost. AmazingELixir: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 9:45am On Jul 24, 2022 |
sulaak: Escrow account managed by a financial institution I would imagine, in that case you'll be paying more than the contract sum because the retaining institution will definitely charge both commission and management fee for engaging their own consultants to monitor milestone progress to trigger payment certificates. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by SeaTrade(m): 9:54am On Jul 24, 2022 |
Nigeriafirstlad:What does all these you are saying have to do with you proving that state governments bought Julius Berger stakes so as to have them launder money,when they can just award them contracts and have them move their kickbacks to any country of their choice? Also ,I've been meaning to ask you this since but your naive responses have been making me feel like you will have a hard time giving a reasonable answer,reason I've been dragging foot but I'll go ahead and ask you so you can go do your research and leave me alone. Now,what kind of company(especially one of repute like JB) will accept investments from states that it is meant to use to expand ops and make more money for itself and its new partner (the states in this case) so as to launder the money? How will it now generate profits to pay the state for this investment when the working capital has been laundered? What now happens when power changes hands and someone else comes and hold them accountable for their non performing investments? Does this look like a good deal for JB? If not,why will they accept it? As for your last sentence, your incoherence alone is enough for me to think that you're not involved in anything of this nature, because your emptiness is alarming. I'll stop responding here,don't bother to quote me again. Cheers. 1 Like 1 Share |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by bluebay(m): 9:54am On Jul 24, 2022 |
Dikaveli:Am not sure you’re from This country nor know anything about river state . Mute please |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by DWJOBScom(m): 10:00am On Jul 24, 2022 |
MrFinbarr: Big balls |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Kurutinto(m): 10:07am On Jul 24, 2022 |
Lovenorth: Even you are now a labour party member. You have become OBIdient. Welcome to light mate
|
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by rickleye: 10:11am On Jul 24, 2022 |
vastolord4: That is what you need in a VP though. You don’t want someone who will outshine the president or compete for airtime. VP are meant to work behind the camera , not seen or heard except when on assignment by the president. Wikes personality does not fit a VP. ( When Obama was picking Biden- he needed someone who would speak his mind to him and not the public amongst other things) |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by starstaz(m): 10:16am On Jul 24, 2022 |
Nigeriafirstlad: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Nobody: 10:23am On Jul 24, 2022 |
Abia state, I have never seen any road constructed in Abia by Julius Berger! Abia State is getting big money from allocation, Oil money etc Abians is this how to move ahead in life? Kai! |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by loswhite(m): 10:25am On Jul 24, 2022 |
Nigeriafirstlad:You guys like clamoring for indigenous contractors but the reality is simple...Visit Delta state and see the useless works of indigenous contractors. |
(1) (2) (3) (4) (5) (6) (Reply)
PDP Mega Rally In Katsina: Fayose, Secondus, Other PDP Officials Arrive State / Tunde Fowler Lobbied For Second Term In Leaked Memo - Farooq Kperogi / Why I Stepped Down For Atiku - Tambuwal (Video)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70 |