At the Mercy of State Governors! Intrigues As Bankers Shun Celebrity Contractors
The proverbial good ending remains ever elusive to some government contractors, like the fabled golden fleece coveted by all yet attainable by only a paltry few. As you read, top government contractors are at the receiving end of an insidious political culture and what amounts to betrayal and breach of trust in business parlance. Contrary to the rules of engagement governing their relationship with the government, some contractors are unable to get their hard-earned money. Contractors handling various projects for the state governments, the APC governors have made it a culture of sitting on their monies after they have cajoled the contractors to mobilise huge resources to fulfill their contractual agreements only for the governors to fail in fulfilling their own part of the bargain. These unpaid dues run into years in most of the states, thereby causing the contractors to live a pathetic life, as many of them have their loaning banks on their trail. There are those who have gone completely bankrupt and their properties wrestled from them after they have defaulted paying back bank loans taken to execute many of these contracts. As soon as the completed projects are delivered to the governments, the governors would resort to shady tactics to frustrate the contractors. The excuse that the state economy is unhealthy is a repeated song played to the ears of contractors by these governors year after year in spite of repeatedly making provision for the projects in their annual budgets. The lecherous among the governors would want the female contractors to satisfy their libidinous appetite before they could reluctantly pay a paltry percentage of the cost. Refusal to yield has left some victimised and sliding into penury as a result of the vindictive shenanigans of the governors. Little wonder, banks in Nigeria have stopped giving loans to government contractors. Sad!