The Senate has resolved to probe the construction of a shoreline protective wall reportedly constructed with the sum of N6.4 billion in Ayetoro, a coastal settlement of the Ilaje Local Government area of Ondo State. Premium Times reported
The resolution to probe the contract was a sequel to a motion moved by Jimoh Ibrahim (APC, Ondo South) at the plenary presided over by the Senate President, Godswill Akpabio, on Tuesday.
Mr Ibrahim, while presenting the motion, said the shoreline protective wall contract was first awarded by the Niger Delta Development Commission (NDDC) to Gallet Nigeria Limited in 2004 at the sum of N6.4 billion with the upfront payment of 25 per cent.
The senator said the contract was revoked in 2009 because the construction company allegedly lacked the capacity to continue with the project, and it was re-awarded to another private firm, Dredging Atlantic Limited, at an undisclosed cost.
Read the complete story here: https://www.premiumtimesng.com/news/top-news/610525-senate-to-probe-n6-4-billion-shoreline-contract-awarded-by-nddc.html
See also: Senate explains N500b, $800m approval for Tinubu as FG eyes N200,000 minimum wage
Senate has clarified grey areas in its recent approval of N500 billion and $800 million for the President Bola Tinubu administration.
The development had left many Nigerians bewildered, fearing the new government, like its predecessor, would increase benchmark for borrowing
Senate spokesperson, Adeyemi Adaramodu, explained that lawmakers okayed the N500 billion for use as palliatives to cushion the effect of fuel subsidy removal on Nigerians.
He said: “The other issue which the Senate treated was the N500 billion palliatives, which the President asked for, to cushion negative effects of fuel subsidy removal on common Nigerians.”
“Definitely, that may not be enough because there are many other aspects, which the government can delve into, especially as we learnt that government has been having talks with organised labour, and I think Federal Government is going to do something in that area.”
