Connect with us

latest

Buhari wades into FCT, contractors row over N111bn debt

Published

on

President Muhammadu Buhari may havedecided to intervene in the row between the  contractors handling construction projects in the Federal Capital Territory (FCT) and the FCT administration over the non payment of outstanding debts valued at N111billion.

The contractors have been agitating for payment of the debt and have refused to return to site months after pulling out over the outstanding payments. The debts piled up between 2003 and 2015.

The presidential intervention is coming on the heels of a recent appeal by the FCT administration to President Buhari on the need for quick settlement of the contractors’ bills.

“Mr President may wish to be informed that the authority’s indebtedness to its contractors handling various projects being funded from the statutory budget stands at N111,681,186,045.56,” the permanent secretary, John Chukwu disclosed in a recent letter to the president.

The indebtedness, Chukwu explained, “has resulted in the slow pace of work, partial withdrawal from site, and in some cases, total abandonment.”

The permanent secretary drew the president’s attention to the mass retrenchment of workers by the companies, saying the move has negatively affected the socioeconomic life of the residents of the FCT.

Further delay in paying the monies owed the contractors, Chukwu added, “will result in the non-completion of the projects on schedule, and the eventual cost of the projects will overrun in the forms of claims for time extensions, delayed payments, currency fluctuations and variations of prices of basic construction materials over time.” He sought presidential approval to use some “accrued funds in the FCT treasury” to settle some of the contractors.

An FCT official disclosed that apart from companies like Kakatar Nigeria Limited handling the Kyami and Maitama extension districts, most of the major companies, especially the ones with large number of expatriates, have pulled out of site.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

latest

APPLY: WTO opens entry for 2022 young professionals programme

Published

on

The World Trade Organisation (WTO) has opened applications for its 2022 Young Professional Programme (YPP).
The programme provides opportunity for young professionals to enhance their knowledge of the organisation and international trade issues.

In 2021, 14 professionals out of 2,400 candidates were selected for the programme from Bangladesh, Belize, Dominican Republic, Eswatini, Guatemala, Georgia, Indonesia, Malawi, Mauritania, Namibia, Nicaragua, Nigeria, Chinese Taipei and Thailand.

WTO said “The YPP is a unique opportunity to gain hands-on experience which can help open the door for future professional opportunities in the field of multilateral diplomacy and global trade.

“The YPP selection gives preference to young professionals from developing and least-developed countries that are members of the WTO and whose nationals are currently under-represented or not represented in the organization’s Secretariat.

“The programme is part of the Secretariat’s overall goal to increase its diversity to better reflect the make-up of its membership.”

To be eligible, applicants must be of age 32 as of January 1, 2022, and selected candidates will work at the WTO secretariat for one year, starting from the beginning of next year.

The areas of work at the programme includes accessions, agriculture, dispute settlement, intellectual property rights, market access, media and external relations, WTO rules, trade and development, trade and environment, trade in services and investment, trade facilitation, trade policy analysis and trade-related technical assistance.

WTO said candidates must have advanced university degree in law, economics, or other international trade-related subjects relevant to WTO work; must possess relevant expertise or continued academic study in a field of interest to the work of the WTO.

Equally, candidates must similarly have a minimum of two years relevant work experience.

The trade organisation further said selected candidates will be paid $3821.66 (N1,454,141.63 million) monthly and applications can be accessed on the WTO e-Recruitment website and should be completed no later than 29 April 2021.

Continue Reading

latest

Buhari receives briefing from Osinbajo

Published

on

Vice President Yemi Osinbajo on Monday briefed President Muhammadu Buhari at the Presidential Villa, Abuja.

The President had last Thursday returned to the country after a16-day medical trip to London, United Kingdom.

He left Nigeria on Tuesday, March 30, briefly after a security meeting with defense and intelligence chiefs as well as other security sector managers.

Continue Reading

latest

Gunmen attack Imo police station, kidnap officer

Published

on

Gunmen

A police officer has been abducted in an attack on Mbieri Divisional Police Headquarters in Mbaitoli Local Government Area of Imo state on Thursday morning.

This comes three days after the state Police Command headquarters and Owerri Correctional Center were attacked while 1,884 inmates released.

A resident of Mbieri said the gunmen released the suspects in custody.

However, the policemen on duty were said to have engaged the attackers in a gun duel but they were reportedly overpowered by the gunmen who had sophisticated weapons.

A community leader, Nokey Ebikam, told newsmen that the police divisional headquarters was not burnt but only freed the suspects in detention after vandalizing it.

Police Public Relations Officer in the state, Orlando Ikeokwu, confirmed the attack on the police station but did not go into details.

It was gathered that aside the officer who was abducted, two others sustained injuries in the incident which is the second major attack on a police station since an armed gang invaded the state police headquarters on Monday.

The Police authorities have blamed the attacks on the outlawed Indigenous People of Biafra (IPOB) but the group has distanced itself from the attacks.

Continue Reading
Advertisement

Latest News

Advertisement

Trending