How se­na­tor’s N5m coy got N26bn dredg­ing con­tract

Daily Trust - - NEWS - By Daniel Adugbo

ACom­pany in which the Chair­man of the Se­nate Com­mit­tee on Cus­toms, Ex­cise and Tar­iff, Se­na­tor Hope Uzod­inma (PDP, Imo) holds shares was a awarded a con­tract worth over N26 bil­lion even as it’s au­tho­rized share cap­i­tal is N5 mil­lion, gath­ered.

Daily Trust

Doc­u­ments from the Cor­po­rate Af­fairs Com­mis­sion (CAC) in­di­cated that Niger Global En­gi­neer­ing and Tech­ni­cal Com­pany Lim­ited, which was awarded con­tract for the dredg­ing of Cal­abar Chan­nel in 2012 has Uzod­inma, Ozu Din­woke, Leonard Odionyema and Justin Njoku as di­rec­tors.

Se­na­tor Uzod­inma con­trib­uted N200,000, Din­woke N100,000, Odionyenma N1.4 mil­lion and Njoku N1.450 mil­lion. The com­pany was reg­is­tered on June 21, 2000.

Doc­u­ments sighted by Daily Trust showed that af­ter an ini­tial pay­ment of $12.5 mil­lion to Niger Global En­gi­neer­ing by the NPA in 2014, the com­pany failed to carry out any work on the Cal­abar chan­nel.

A sta­tus doc­u­ment on the con­tract pre­sented by Man­ag­ing Di­rec­tor of NPA, Hadiza Bala Us­man showed that af­ter fail­ing to dredge the chan­nel, Global En­gi­neer­ing is now seek­ing pay­ment of about $22 mil­lion as bal­ance for the con­tract. The to­tal con­tract sum was about N26 bil­lion.

The fed­eral govern­ment had in Novem­ber 2012 granted ap­proval for NPA to part­ner with the Niger Global En­gi­neer­ing and Tech­ni­cal Com­pany for the man­age­ment and main­te­nance of the Cal­abar chan­nel.

Fol­low­ing the ap­proval, NPA on July 25, 2013 signed a Joint Ven­ture agree­ment with Niger Global En­gi­neer­ing and Tech­ni­cal Com­pany. The Joint Ven­ture (JV) be­tween NPA and the com­pany gave rise to Cal­abar Chan­nel Man­age­ment (CMC) to carry out the man­age­ment of the dredg­ing among oth­ers.

How­ever, con­tro­versy hit the project, when the NPA sus­pended fur­ther pay­ments to Niger Global En­gi­neer­ing and Tech­ni­cal Com­pany af­ter in­ves­ti­ga­tions by the Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC) showed that there was no jus­ti­fi­ca­tion for the $12,500,000 mil­lion part pay­ment re­ceived by the com­pany for the project.

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