₦airaland Forum

Obi is a stingy man, hiya hiya o.

So this man is just 5 years older than seun

theysg:
You guys really loce to look down on this Country.

which country? Nigeria na country? No let countries wey be country hear sey you dey call Nigeria country o.

Blossomcresty:
It's every story that's makes frontpage this days

the thing tire me o. Very dry and irrelevant stories.

Wakolord:
this is so sad, e pain me.

crocodile tears. Na wetin be your own? Audio pain.

[quote author= post=129359286]Nlfpmod[/quote]was he the driver of the car?

phorget:
We play for the second leg.

na there hearts go break

helinues:
So both City and Madrid that drew are babies or what?

champions league semi final is for adults and not for babies

Makunahatata:
we no b your mate...na u and den Brentford,Luton be mate

champions league semi is not for babies. Do quick and come and join us on the bench

yommen:
And you don't seem to see any difference in this Arsenal Vs Bayern?

champions league semi is not for babies

Makunahatata:
obviously a woman united fan..na dem dey mumu about like dis

champions league semi is not for babies. Do quick and come and join us on the bench

zeenaman:
I love Arsenal. May their hardwork be rewarded with trophies

mtcheeeeeeeeeeeeeeeeeeeeeew

helinues:
What's the correlation with my comments?

champions league semi final is for adults and not for babies

helinues:
Imagine the referee blowing the final whistle without even check the possible penalty

champions league semi is not for babies

holluwai:
Robbery!!!

well deserved

Legityahoo,Dominique,
Phorget, Kennyz247
Adedayoa2 and others. I dey greet o

Tetraozonaitera:
Don't be stupid.
Who ever owns a company is the Boss even if he is five years old.

e pain am. Cry cry baby, always running to moderators to cry and complain

Ajens1991:
We must sue for peace at all time ...

no peace without war. All the childrens of Ishmael all over the world must be eliminated and destroyed

That's my uncle talking. Kill all the modafokas and all their sinpatizers

An average aboki will never vote for an Igbo man. They will only drink his water and also use it to do abolution when dem wan pray. Obi just dey waste him time and money

NeoWanZaeed:
May Allah never let us have this set of dumb friends.


Why can't they pack the money and give his family instead of wasting it on nonsense burial

very dumb friends indeed.

Sonnobax15:

The most lucrative business that govt can't ban cuz most of its officials dey patronize dem 247...........

and most of them are parading themselves as celebrities. Using the entertainment industry to cover up.

Na who relationship epp when hookup dey?

samwillyco1:
There was a country

called Nigeria

His name is Chukwuemeka Oputa if you know, you know

PRESS RELEASE

Tinubu and Chagoury’s Dubious Lagos-Calabar Highway Project

The Bola Ahmed Tinubu administration has again inadvertently revealed its penchant for dubious and shady deals in the face of this 700km Lagos-Calabar coastal highway.

This project returned to public discourse at the twilight of the Goodluck Jonathan administration in November 2014 wherein it was announced President Jonathan had signed the 10-state, 22-station project with China Civil Engineering Construction Corporation (CCECC) at a cost of $11.97bn.

However, former President Jonathan could not begin the project before he lost the election. But his successor, former President Muhammadu Buhari expressed his intention to begin it and announced in 2016 that the project had been renegotiated downward by $800m to $11.1bn and that it would be ready within three years. But it continued to stall.

In August 2021, while Buhari was on vacation, it was announced by then Information Minister, Lai Mohammed, that the FEC had “approved the memo for the ratification of the president’s approval for the award” of the $11.1 billion project, and that it would be completed in six years. But nothing was done.

In September 2023, barely weeks after being appointed by Tinubu, Works Minister, Engr. Dave Umahi announced that the project had been awarded to Gilbert Chagoury’s Hitech Construction Company Limited (Hitech) without any record of a competitive bidding or a decision by FEC.

Umahi refused to reveal how much the project would cost. He only explained that it would run through nine states and would have a rail road 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 works minister even stated, “Let me announce that it is under public-private partnership. The Hitech group are going to look for the money. They have already found the money, and that is the good news because we don’t waste our time talking and holding meetings and wasting resources.”

The concept of the project was build, operate and transfer, meaning that Hitech would construct the road, operate it for some years and then recoup its money through tollgates before handing it back 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 (ICRC) with no record of a competitive bidding since Chagoury’s firm was to fund the project 100%.

However, to the shock of many Nigerians, Umahi returned to FEC with a memo in March 2024 seeking the approval of N1.06 trillion 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 N22.5 billion or $18 million. For a project that is going to be 700km, it means the total cost could be N15.7 trillion or $12.56 billion, which is higher than previous estimates.

It is curious that the terms of such an audacious project continues to be shrouded in secrecy. Worse still, it is expected to lead to job losses like the demolition of Landmark Beach Resort in Oniru which will lead to the loss of over 12,000 direct and indirect jobs and over $200m in investments according to its management.

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 (LCC) consortium was only able to construct about 20km, forcing the Lagos State Government to buy it back at the cost of N7.5 billion ($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”.

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. 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.

With a target of N20 trillion or $14.5 billion as seed capital, the fund targets the Lagos-Calabar coastal highway and other projects. The initiative targets Pension Funds, Concessionary Loans, insurance companies, sovereign wealth funds, private sector arms of multilateral development institutions, and bilateral private sector investors, among others, to secure $35bn annually. The Diaspora funding and equity and endowment funds are also expected to play their part in the plan.

But this renewed hope fund, which will be spent at the discretion of Tinubu and without transparency, will likely become another means of siphoning public funds through shady projects. With the current Lagos-Calabar highway already being handled in secrecy, it remains to be seen how such a fund will be managed.

Signed:
Paul Ibe
Coordinator
Atiku Media Office
Abuja
7th April, 2024.

OP na wa for you and your friends o. Your friend died in his late 30s and the only way you guys want to honour him is to party? What is the purpose of that party? Is it to celebrate his death or what? Na una kill the guy? You and your friends are not serious. You guy were even thinking of boycotting his burial. Shame on you all. Friends indeed.
Mtcheeeeeeeeeeeeeeeeeeeeeeew.



Mynd44 abeg come make I ask you one question.

Audio intervention

See as him resemble that moderator wey dey always ban me