Alleged N42bn Railway fraud: Former SGF, 2 ex-PDP chairmen fingered

Related stories

Natasha vs Akpabio: Court Orders Senate President To Recall Senator Natasha

Warns Natasha Against inappropriate Conduct By Abiola Olawale The Federal...

Hadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APC

By Abiola Olawale Former Minister of Aviation, Hadi Sirika, has...

China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts

China has avoided buying U.S. crude oil for three...

Super Eagles Icon Peter Rufai Passes Away at 61

By Abiola Olawale The Nigerian football community has been thrown...

Dakuku Peterside’s Beneath the Surface Book Out in October

By Abiola Olawale Masobe Books, a renowned publisher has announced...

Memoranda from various stakeholders have started pouring in before the House of Representatives Ad-hoc Committee set up to investigate contract awards for the Rehabilitation of   Railway tracks and the procurement of Coaches and Locomotives between 2010-2014.  “Nigerians would be shocked at the level of massive frauds committed by highly placed government functionaries when the findings of this committee are made public,” a source close to the committee told Vanguard, yesterday.Abuja light rail5

According to the source, already, many good spirited members of the public have submitted detailed momeranda on how a few government functionaries literally stole several billions of Naira under the guise of rehabilitating the nation’s Railway network.

Sources said that a former Secretary to the Government of the Federation, SGF and two former National Chairmen of the Peoples Democratic Party, PDP, who held very key positions on the Board of the NRC were said to have been fingered as having taken decisions that were less than in public interest in the rehabilitation project.

It was learnt that while it would be difficult for top management of the corporation and the Federal Ministry of Transport to claim ignorance in what went wrong some of them who were not involved have come forward to volunteer information on how much of the infractions were carried out. It was learnt that there were cases were coaches and locomotives procured were way far from specifications for which public funds were paid and that in some cases, payments which had already been made through the regular budgetary provisions were repeated through the SURE-P window.

As learnt the worse method through which those involved fleeced the nation was complete refusal to do jobs after collecting money for them. Consequently, out of a total contract sum of N79.337 billion for various segments of the rehabilitation, N42. 086 billion had allegedly been paid to the contractors but with very little work done.

The Abuja-Kaduna $ 841 million Rail Line being funded partly through the a $500 million loan from the China Exim Bank, has also suffered several completion date setbacks. It was alleged that of the total contract sum   of N19,963,752,330.20 for the 463 km Port Harcourt – Makurdi Rail Track Rehabilitation, N9,611,076,218.01has been paid.   It was claimed that no appreciable work has been done on the sector.

The Lagos to Jebba track rehabilitation project was awarded at a total contract sum of N12,293,390,000.00   out of which N 1l ,699,999,218.00, has been allegedly been paid. Jebba to Kano track rehabilitation project had a total contract sum of N12,169,237,337 with payments so far made put at N 10,337,023, 111.69 without any appreciable work done.

Zaria to Kaura track rehabilitation project with a total contract sum of N3 ,206,241 ,650 and payment ofN1, 147,471,038.00 paid. Procurement rehabilitation of wagons, coaches and locomotives (narrow gauge) were projected at a total sum ofN6,502,914,067.00 with N4,071,008,628.64 so far paid, all to no avail.

The track rehabilitation consultancy fee was N 1,482,100.000.00 with payment made so far put at N718,205,192.00. Kuru to Maiduguri track rehabilitation project was awarded at N23, 720,359 ,034.00 with payment made so far being N6,499,618,120.55. The legislators are concerned that with the Billions of funds sunk to upgrade the Railways Transport System, there was too little to show for it as the Locomotives and Coaches running on the nation’s tracks are still a relic of Modern Railway Transport.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Natasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsSuper Eagles Icon Peter Rufai Passes Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in Spain
X whatsapp