Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,647 members, 7,955,353 topics. Date: Saturday, 21 September 2024 at 11:47 PM |
Nairaland Forum / Nairaland / General / Politics / Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) (31016 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 IbomFinest: 10:32am On Jul 24, 2022 |
SeaTrade:A little of research would save you the embarrasment. Google is readily available for such enquiries. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by SeaTrade(m): 10:37am On Jul 24, 2022 |
IbomFinest:I didn't need Google to know who Julius Berger is.Their works spoke for them. Why should I Google your world class indigenous construction company that has been doing wonders like you claim? I guess this tells all the difference,day and night. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by blessgreg: 10:40am On Jul 24, 2022 |
Let's tell the truth, Wike have really tried for road construction. God bless u sir. Even though am a die hard Amaechi, but let's appreciate him. He has tried. That's d simple truth 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by oladosu59996: 10:40am On Jul 24, 2022 |
..... |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Lovenorth: 10:54am On Jul 24, 2022 |
Kurutinto:God forbid, I can't be in the same party with ipob terrorists |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by IbomFinest: 11:10am On Jul 24, 2022 |
SeaTrade:To clear your doubt, the name is Hensek Construction Company |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Kurutinto(m): 11:19am On Jul 24, 2022 |
Lovenorth: You have no choice, either you become OBIdient as Obi become the president next year, or you kill yourself and he will still be the president The ball is in your court. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Lovenorth: 11:28am On Jul 24, 2022 |
Kurutinto: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by SeaTrade(m): 11:29am On Jul 24, 2022 |
IbomFinest: Make them first pay their staff well first so that make them for see better food chop,then we can talk. How world class construction company go dey,all their staff ,the bone weh dey their neck and head dey show finish?Nobody for the whole worldclass company get meat for body. Na fasting them dey do for there? Hensek ko,world class ni.Clown. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by IbomFinest: 11:42am On Jul 24, 2022 |
SeaTrade:Na cruise guy you be. You no be serious person... Na my time wey I waste de vex me sef |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Galaxydon1(m): 11:48am On Jul 24, 2022 |
ogmask:my brother come and live in ABA with us.. then you will realize you are in paradise. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Wizmj4real(m): 11:54am On Jul 24, 2022 |
Dikaveli: U MEAN THE LIZARD OF UBIAMA |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Nigeriafirstlad(m): 11:54am On Jul 24, 2022 |
SeaTrade: I remember my first response to you was why the frustration, rudeness and arrogance, the truth is, you have a preconceived mindset that is not ready to accept, digest or analyse the point of others, you have clearly shown these severally by your misunderstanding and the misuse of naive. Lemme quickly reply to all your ignorance. Your quotes: ( 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?) Me: Do you have any idea of the states that have stakes in JB? The stakes bought in JB belong to the STATE(The people) and the money launder belong to the governor and his few cronies. Your quotes: (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?) Me: As a Nigeria I was expecting you to know how this works but your shallow knowledge about kickback, embezzlement and fraud is alarming. Most contracts are awarded based on tender, if JB tender for bid of 100mUSD project and the state governor instruct them to inflate it to 400mUSD and latter get a kickback of 280mUSD, JB has just made an excess profit of 20mUSD. It's a win win for both. That's how it works dummy, that's how they loot the state dry. JB will make profit, pay staff and state that will still be relooted. That is the reason why they are always in a hurry to take loan from anywhere before the expiration of their tenure. Kano state governor is a case study. He took a lot of loan to execute many prime projects but you saw the video that went viral during his percentage kick back collection. State governors can not just loot the treasury without looking for channels and the channels must remain untraceable to cover their deeds and misdeeds. Keep an open mind when having a conversation so you can learn and unlearn. 2015 many academic scholars in various fields queue up to vote the calamity we have today as president but thier years of intellectual knowledge misjudged their conviction and today the country is dommed. Stop being arrogant, learn to be humble and keep an open mind. Cheers..... My proof of JB is a dubious company below not reputable as you claim.
|
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by SeaTrade(m): 12:04pm On Jul 24, 2022 |
IbomFinest:So you don't know one way to measure a world class company is via welfare of staff? One guy for one of the hensek company profile photos belt go round his waist two and half times and holes for the belt finish,e still use biro dey burst another holes for the belt so that e go fit buckle am and them say na their head of operations. If head of operations fit dey starve like that ,na em be say lower staff fit dey waka like people for walking dead. Omo I shout whaaaaaaaaooooo!!! 1 Like 1 Share |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by obagofizzy(m): 12:07pm On Jul 24, 2022 |
this wike get mouth sha , so finally these illoabuchi has been allocated for destroying, those business people there will suffer ohh, and those men wey get down town ... Na only real port Harcourt got wey grow up for diobu go know |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Nobody: 12:14pm On Jul 24, 2022 |
Always Talking NONSENSE! |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by phemmyfour: 12:14pm On Jul 24, 2022 |
Nigeriafirstlad:We don't have the enabling environment to put together such construction company |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Panda7: 12:58pm On Jul 24, 2022 |
benjackugo: is this not a stupid idea? so nigeria or rivers state cannot set up an indigenous construction company that will cater construction needs after so many years of independence or their education is a waste if they keep transferring money to overseas company or what do they gain in return from this world power country?? |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Codes151(m): 12:59pm On Jul 24, 2022 |
Dikaveli:oga shut your trap |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by TotalRunter: 1:04pm On Jul 24, 2022 |
SensualMan: Let's keep praying for this rare opportunity for the youths, any youth that fail to vote PO is his own enemy 1 Like |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by alizma: 1:11pm On Jul 24, 2022 |
vastolord4:Is not just for his own gain. Wike is trying in changing the outlook of River State. At least he will be known for something when he is out of office. He has his own short comings yet he has achieved some reasonable thing in PH. I pray God will give the next governor of the state the wisdom to do better. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by timstone(m): 1:13pm On Jul 24, 2022 |
vastolord4: You are not from delta state Don't underestimate okowa A green snake in a green grass. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by muykem: 1:23pm On Jul 24, 2022 |
ChiefAfonja:Don't jump into conclusions. We still have indigenous companies with integrity and our company is one of them. COVROCKS LIMITED will never compromise quality. |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by PharmacyStore: 1:43pm On Jul 24, 2022 |
This is a good one |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by jamesversion: 1:53pm On Jul 24, 2022 |
sulaak: 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. Cc: Amazingelixir |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Understudy99: 1:58pm On Jul 24, 2022 |
Can someone please inform this guy that everything is not abut talk. I bet if we review the contract he signed with JB now, you will see all kinds of "acts of nature/Force Majeure" clauses. What you will not find anywhere in the contract or addenda is JB waiving their rights under the aforementioned clauses and assuming those risks, in return for 80% upfront payment. Nigerian politicians getting played by JB with contract terms that a first year law student can see coming from kilometers away, and they will come and be disturbing our peace with useless talk. To all "His Excellencies" that will not let capable lawyers review contracts before rushing to sign it in the dead of nights, take this one: https://www.amazon.co.uk/Contract-Law-Dummies-Scott-Burnham/dp/1118092732/ref=asc_df_1118092732/?tag=googshopuk-21&linkCode=df0&hvadid=310843183616&hvpos=&hvnetw=g&hvrand=10734520217358572371&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1006886&hvtargid=pla-492152189504&psc=1&th=1&psc=1 |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by Understudy99: 2:09pm On Jul 24, 2022 |
Only if it is explicitly stated in the contract, not verbal guarantees. All of those positives you mentioned, if not explicitly stated and agreed upon by JB, if JB didn't waive the act of nature clause protection--which I can tell you categorically right now, that they did not--simply invoking that clause, negates all of that pluses you just enumerated. JB is no magician, road constructions have seasonal aspects and variations to it. As it stands, if it's a major work, like every contract delayed due to seasons, it will be subject to reviews, variations and inflation--paying 80% upfront guarantees nothing. HE just got played by JB's contract lawyers. AmazingELixir: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 2:11pm On Jul 24, 2022 |
jamesversion: |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by AmazingELixir: 2:16pm On Jul 24, 2022 |
Understudy99: All the 7 flyovers already delivered by Julius Berger to the Rivers state government on 80% down payment were completed on or before schedule and to specifications without the need for variation. What do you say to that? |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by vicfajeze: 2:28pm On Jul 24, 2022 |
Manny21:the trademark of our GOVERNORS!!! |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by bagad: 2:31pm On Jul 24, 2022 |
I don't give a fvck |
Re: Wike Warns Julius Berger After Paying 80% Upfront For Road Contracts (Video) by sageb: 3:01pm On Jul 24, 2022 |
(1) (2) (3) (4) (5) (6) (Reply)
Hunters Discover 320 PVCs In Bayelsa Forest / Revealed: PDP’s Secret Deals For 2019 - The Nation / At Last, Kwara Is Free - Lai Mohammed "Enough Is Enough"
(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. 59 |