China is unarguably the largest trade partner for Nigeria, the relationship between the two countries over the years has seen a lot of Chinese presence in the country. The Chinese community in Nigeria has invested billions of naira in the hospitality, manufacturing and other industries across the country. The trade balance sheet between the two... Read More

April 21, 2016

0 Comment

Railway contracts: 6 companies to refund N2.5bn ‘excess payments’

Six contractors involved in the N1 trillion railway construction and rehabilitation contracts, are expected to refund over N2.5 billion to the federal government. The refunds are termed ‘excess payments’ which were made to the contractors by Nigeria Railway Corporation. This was made known on Wednesday during the resumed hearing of the House of Representatives ad... Read More

The News Blog

CCECC, Railway contract, refund

February 16, 2016

0 Comment

How Obasanjo awarded $841.6m rail contract without MoU, accurate estimates

It has been revealed that former President Olusegun Obasanjo, was awarded the Abuja Rail Project in 2007 without an engineering design or a Memorandum of Understanding. This disclosure was made on Monday, by the Project Manager of a Chinese civil engineering and construction company (CCECC), Etim Abak, before the Senate Committee on the Federal Capital... Read More

Featured, The News Blog

CCECC, Etim Abak, olusegun obasanjo, rail contract, senate