₦airaland Forum

GloriousGbola:
https://www.nairaland.com/8513526/enugu-government-reacts-sujimoto-ceos

[color=royalblue]500 million for one building..

Is that enough or not? Seems like a pretty good deal[/color]

izzou:
[color=royalblue]500 million for one building..

Is that enough or not? Seems like a pretty good deal[/color]

Greed means it is never enough. also when you keep getting away with doing rubbish, you will continue.

i am sure thee is another part of the story where he gave big kickbacks to govt officials attached to the project and they had a falling out or oga at the top became interested in the project progress

as it is, the guy don enter am. i doubt he has political connections to play yahaya bello game here

best he can do is cry on SM

GloriousGbola:
Greed means it is never enough. also when you keep getting away with doing rubbish, you will continue.

i am sure thee is another part of the story where he gave big kickbacks to govt officials attached to the project and they had a falling out or oga at the top became interested in the project progress

as it is, the guy don enter am. i doubt he has political connections to play yahaya bello game here

best he can do is cry on SM

[color=royalblue]Person wey don meet President, Governors and even senators.

You were given 5bn. At least, deliver what 5 billion was worth first.

When he was talking about how cement went from 7k to 10k, that was when I knew something was fishy. A contractor with experience cannot be blindsided with inflation.

He should have waited for Enugu state to give their side, before crying. Now he wasted his Nollywood skills for nothing.[/color]

izzou:
[color=royalblue]Person wey don meet President, Governors and even senators.

You were given 5bn. At least, deliver what 5 billion was worth first.

When he was talking about how cement went from 7k to 10k, that was when I knew something was fishy. A contractor with experience cannot be blindsided with inflation.

He should have waited for Enugu state to give their side, before crying. Now he wasted his Nollywood skills for nothing.[/color]

GloriousGbola:
Greed means it is never enough. also when you keep getting away with doing rubbish, you will continue.

i am sure thee is another part of the story where he gave big kickbacks to govt officials attached to the project and they had a falling out or oga at the top became interested in the project progress

as it is, the guy don enter am. i doubt he has political connections to play yahaya bello game here

best he can do is cry on SM

I didn't watch the guy's sobbing videos so I don't know what excuse he gave for failure to deliver on the project but from what I read in the Enugu state government's side of the story, it appears the guy never had intentions of delivering on the project in line with the contract terms.

If the government advenced 50% for the project and upon provision of bank guarantee bond, sijumoto was expected to have achieved major milestone from the funds and at least have on ground equity work that can be assessed to encourage the government to release the balance payment.

To me it juts seem as if the guy has been so used to doing shoddy jobs for government contracts and wasn't expecting the state government to operate strictly on the terms of the contract. He most likely had greased people's palms and was expecting them to give him pass so he can assess the outsnadibg balance while delivery a poor quality job.

The audacity he has to have avoided all meetings with the the state's engineering monitoring team shows he has his trust on the old system of greasing palms and putting up a no-show.

I like how the Enugu state government put a fire to his asss. Now he will have to reimburse them and he will be in serious debt for not doing the right thing and being arrogant while in the wrong.

BlueRayDick:
I didn't watch the guy's sobbing videos so I don't know what excuse he gave for failure to deliver on the project but from what I read in the Enugu state government's side of the story, it appears the guy never had intentions of delivering on the project in line with the contract terms.

If the government advenced 50% for the project and upon provision of bank guarantee bond, sijumoto was expected to have achieved major milestone from the funds and at least have on ground equity work that can be assessed to encourage the government to release the balance payment.

To me it juts seem as if the guy has been so used to doing shoddy jobs for government contracts and wasn't expecting the state government to operate strictly on the terms of the contract. He most likely had greased people's palms and was expecting them to give him pass so he can assess the outsnadibg balance while delivery a poor quality job.

The audacity he has to have avoided all meetings with the the state's engineering monitoring team shows he has his trust on the old system of greasing palms and putting up a no-show.

I like how the Enugu state government put a fire to his asss. Now he will have to reimburse them and he will be in serious debt for not doing the right thing and being arrogant while in the wrong.

Does the bond mean that the bank will provide the remaining 50% required to complete the job?

izzou:
[color=royalblue]Person wey don meet President, Governors and even senators.

You were given 5bn. At least, deliver what 5 billion was worth first.

When he was talking about how cement went from 7k to 10k, that was when I knew something was fishy. A contractor with experience cannot be blindsided with inflation.

He should have waited for Enugu state to give their side, before crying. Now he wasted his Nollywood skills for nothing.[/color]

Mbah is a lawyer. Mbah owns an Oil Company. he has likely put enough clauses in the contract for cases like this. SM Contractor thought it would be business as usual.

it is also a BIG problem today - Direct Labour. Rather than employ contractors - these developers bypass them and do the work directly using artisans and maybe engineers

the thinking is i have built before and i know all that is required - why pay someone who will do drawing and speak English?

That is what that Ikoyi developer who had the building collapse on his head was doing

it was likely a sweetheart deal where everyone gets paid by sujimoto got too greedy

Akinlot:
Does the bond mean that the bank will provide the remaining 50% required to complete the job?

https://www.investopedia.com/terms/p/performancebond.asp

tool used when vendors are given advance payment on a project

GloriousGbola:
https://www.investopedia.com/terms/p/performancebond.asp

tool used when vendors are given advance payment on a project

Thank you.

If I understand, they are saying Jaiz cannot honour the bond because the money went through Zenith signalling his intent to defraud from the start.

Why did they pay to Zenith in the first place when the bond was from Jaiz?

And if Jaiz can still honour the bond, shouldn't they be suing Jaiz bank?

Akinlot:
Thank you.

If I understand, they are saying Jaiz cannot honour the bond because the money went through Zenith signalling his intent to defraud from the start.

Why did they pay to Zenith in the first place when the bond was from Jaiz?

And if Jaiz can still honour the bond, shouldn't they be suing Jaiz bank?

After ink dried he got someone in enugu govt to pay to zenith

We see it on projects
Middle of project a partner will come and ask you to change payment acct.

https://www.instagram.com/reel/DLfl7tQqTcH/?igsh=ZGVhbTZzNGgzMzYx

One good talent, effortlessly funny..

Today makes it exactly 6 months since kogi Central Senator, Honourable Uduaghan Natasha Akpoti was illegally suspended from Senate by Akpabio in the full glare of the world for nothing but exposing the power to be for his dark life and his advances towards her.

This has led to denying the good people of kogi central quality representative at the Senate. This challenge, however, did not stop Amazon herself from providing dividends of democracy for kogi central. Various projects and people's oriented program have been rolled out amongst the notable ones are the establishment of new markets at Okene and Ihima, providing scholarship for the students, empowering market women, providing equipments, machines and tools to help ease the challenges the people face. She also built/building various healthcare centres around kogi central and supporting small and medium business enthusiastics, and more. All these within the space of 6 months? It worths emulating and applauding by sane people and those who are not blinded by hate.

These resolve our determinations and efforts to stand by her and support her as she fearlessly seeking for justice and see that her rightful place at the senate is restored so she could continue to pursue various people's oriented bills she's sponsoring.

We awaits the Senate chamber to do the right thing, Mr President to call the senate president to order and the judicial to accelerate the rulings.

God bless FRN


Reccy

Akinlot:
Does the bond mean that the bank will provide the remaining 50% required to complete the job?

The bank is guaranteeing he would perform and deliver on the contract as based on the 50% advance he received from the government.

If he fails to deliver, the state government which is the principal will call the bond and the bank that guaranteed the contractor's performance will be held liable to reimburse the government.

The fact that the state government paid Zenith bank instead of jaiz bank that guaranteed the contract shows a lot that is wrong in this country. Somebody on Enugu state government is also complicit. But I don't think that matters now, it seems the government will deal with him with EFCC.

Akinlot:
Thank you.

If I understand, they are saying Jaiz cannot honour the bond because the money went through Zenith signalling his intent to defraud from the start.

Why did they pay to Zenith in the first place when the bond was from Jaiz?

And if Jaiz can still honour the bond, shouldn't they be suing Jaiz bank?

[color=royalblue]The fact that the 5 billion given to him first has not produced anything is probably why the Government has not remembered the shady bond issue.

They gave you 5 billion, and you haven't even done anything...

Na that one fit vex the government sef

And 500 million for only the building of the school looks fair. You're not furnishing it. Just the building, and you cannot even deliver 1, out of 22.[/color]

It is only on social Media that Igbo & Yoruba are waging wars, offline they are busy kolobing, marrying, stealing commowealth l and doing business with each other Thanks Sujiiiii Motoooooors for the update.

airmark:
I don't understand what you meant by ronu rantings. I don't hate Igbos, i only hate those who are deceptive, criminal and driven by toxicity to hate on other tribes.

She deserves to press my mumu buttons, lucky to have a chaste, loving and well-mannered wife. Happy for me?

Igbo amaka 😆

Confess that she also gave you beautiful, intelligent and wonderful children.

Oya confess

izzou:
[color=royalblue]The fact that the 5 billion given to him first has not produced anything is probably why the Government has not remembered the shady bond issue.

They gave you 5 billion, and you haven't even done anything...

Na that one fit vex the government sef

And 500 million for only the building of the school looks fair. You're not furnishing it. Just the building, and you cannot even deliver 1, out of 22.[/color]

Just seeing they also partnered with him in agriculture.. Tomorrow he'll make the agriculture video too..

I learnt these are the new set of councilors in Rivers state which Wike imposed via the s-election that happened recently.


Ibime come and see Ur councillors

Spy360:
Igbo amaka 😆

Confess that she also gave you beautiful, intelligent and wonderful children.

Oya confess

Confess kwanu?

God gave us and we are thankful.

BlueRayDick:
The bank is guaranteeing he would perform and deliver on the contract as based on the 50% advance he received from the government.

If he fails to deliver, the state government which is the principal will call the bond and the bank that guaranteed the contractor's performance will be held liable to reimburse the government.

The fact that the state government paid Zenith bank instead of jaiz bank that guaranteed the contract shows a lot that is wrong in this country. Somebody on Enugu state government is also complicit. But I don't think that matters now, it seems the government will deal with him with EFCC.

I believe it was Ramdeuter who once said the reason he doesn't take or push for government contracts is because when the shit hits the fan, you will be left alone to face the music.

If Raumdeuter knows this, Suji knows it too.

I stopped watching his video the point he started to share crocodile tears. He should go and explain himself to EFCC.

BlueRayDick:
I learnt these are the new set of councilors in Rivers state which Wike imposed via the s-election that happened recently.


Ibime come and see Ur councillors

Ikan o gbe kan 🤣🤣🤣

Temi no give feminists food chop for these weddings

BlueRayDick:
I learnt these are the new set of councilors in Rivers state which Wike imposed via the s-election that happened recently.


come and see Ur councillors

When I initially see dis pictures,I fit say na cruise o...chai.

If Nigeria happen to me for another life,I no go gree at all..

izzou:
[color=royalblue]The fact that the 5 billion given to him first has not produced anything is probably why the Government has not remembered the shady bond issue.

They gave you 5 billion, and you haven't even done anything...

Na that one fit vex the government sef

And 500 million for only the building of the school looks fair. You're not furnishing it. Just the building, and you cannot even deliver 1, out of 22.[/color]

How can a contractor at that level be complaining about cement price when they mobilised you with 50% of funds?

This is why I don't listen to successful Nigerian entrepreneurs. I don't read their books and watch their videos.

When I was a contract staff, the company responsible for our salaries had issues with the parent company and their contract was terminated.

When a new company was brought and they sent offer letters, I noticed my pension had reduced by N9,000.

I called the attention of two other colleagues to it and we engaged them. Initially, they claimed the offer sent to us was based on what the parent company gave them. When we threatened to escalate to the parent company, they quietly sent three of us revised letters and added what they deducted from the pension to our salary.

Imagine one person stealing N9,000 from more than 500 staff across the country every month.

Tomorrow, the MD of the company will write a book, telling us cock and bull stories of how he made it

Akinlot:
How can a contractor at that level be complaining about cement price when they mobilised you with 50% of funds?

This is why I don't listen to successful Nigerian entrepreneurs. I don't read their books and watch their videos.

When I was a contract staff, the company responsible for our salaries had issues with the parent company and their contract was terminated.

When a new company was brought and they sent offer letters, I noticed my pension had reduced by N9,000.

I called the attention of two other colleagues to it and we engaged them. Initially, they claimed the offer sent to us was based on what the parent company gave them. When we threatened to escalate to the parent company, they quietly sent three of us revised letters and added what they deducted from the pension to our salary.

Imagine one person stealing N9,000 from more than 500 staff across the country every month.

Tomorrow, the MD of the company will write a book, telling us cock and bull stories of how he made it

You either eat, or be eaten. That's natural law of nature.

🤣🤣🤣

Akinlot:
How can a contractor at that level be complaining about cement price when they mobilised you with 50% of funds?

This is why I don't listen to successful Nigerian entrepreneurs. I don't read their books and watch their videos.

When I was a contract staff, the company responsible for our salaries had issues with the parent company and their contract was terminated.

When a new company was brought and they sent offer letters, I noticed my pension had reduced by N9,000.

I called the attention of two other colleagues to it and we engaged them. Initially, they claimed the offer sent to us was based on what the parent company gave them. When we threatened to escalate to the parent company, they quietly sent three of us revised letters and added what they deducted from the pension to our salary.

Imagine one person stealing N9,000 from more than 500 staff across the country every month.

Tomorrow, the MD of the company will write a book, telling us cock and bull stories of how he made it

a contractor at that level and at that volume will have direct supply contract with cement suppliers and bulk discount.

this is the execution of multi billion naira contract. looking like work executed on a bungalow for izzou and brothers.

we are overseeing a project in same enugu with a value of 570m and at the barest minimum we have people properly kitted

the guy should have stuck to cosplaying as a developer

https://sujimotonig.com/about-us/

wayo website with same picture for multiple board members

ONLY ONE technical person on the board of a construction company and the man is not a civil , engineer, structural engineer or an architect, but an MEP engineer.

https://sujimotonig.com/projects/

only ONE of these projects is actually underway from the pictures.

the rest na just render, render render

Akinlot:
How can a contractor at that level be complaining about cement price when they mobilised you with 50% of funds?

This is why I don't listen to successful Nigerian entrepreneurs. I don't read their books and watch their videos.

When I was a contract staff, the company responsible for our salaries had issues with the parent company and their contract was terminated.

When a new company was brought and they sent offer letters, I noticed my pension had reduced by N9,000.

I called the attention of two other colleagues to it and we engaged them. Initially, they claimed the offer sent to us was based on what the parent company gave them. When we threatened to escalate to the parent company, they quietly sent three of us revised letters and added what they deducted from the pension to our salary.

Imagine one person stealing N9,000 from more than 500 staff across the country every month.

Tomorrow, the MD of the company will write a book, telling us cock and bull stories of how he made it

[color=royalblue]Many Nigerian success stories have no middle...Just beginning and ending.[/color]

GloriousGbola:
a contractor at that level and at that volume will have direct supply contract with cement suppliers and bulk discount.

this is the execution of multi billion naira contract. looking like work executed on a bungalow for izzou and brothers.

we are overseeing a project in same enugu with a value of 570m and at the barest minimum we have people properly kitted

the guy should have stuck to cosplaying as a developer

[color=royalblue]See as dem dey do blinding for a 500 million naira building.

Izzou and brothers would have done better, Chief[/color]

izzou:
[color=royalblue]Many Nigerian success stories have no middle...Just beginning and ending.[/color]

Exactly
Fast rising with lot of questions, once you ask how
You are hater or bad belle