Connect with us


BIG STORY

Federal Government Needs N19tn To Complete 2,604 Ongoing Projects — Works Minister Umahi

Published

on

Minister of Works David Umahi has announced that completing the 2,604 ongoing road projects will now require N19 trillion, a significant increase from the initial estimate of N13 trillion.

This surge in costs underscores the mounting challenges in infrastructure development and the urgent need for additional funding.

He said this at a press briefing in Abuja on Monday at the ministry headquarters to update Nigerians on road infrastructure development.

He explained that the cost increased due to the dwindling foreign exchange rate and the price of bitumen.

He explained that despite these issues, the ministry had completed 85 per cent of 330 emergency projects awarded by the government in July 2024.

Umahi also berated the Chairman of the House of Representatives Committee on Federal Roads Maintenance Agency, Remi Oseni, over his comments that the minister had misplaced his priorities on the state of roads across the country.

He said, “The issue of fewer priorities by the House of Rep members was the variation of price, and that was a very terrible programme that was eroding the little resources we put in the budget to do projects.

“Before we came on board, there were these issues of variation of price and foreign exchange differential. Some contractors were claiming them. Essentially, two of them. But that less priority that he talked about was that we stopped them. And we have no regrets about stopping them.

“And let me say to him that the projects Mr. President inherited were a total of 2,604 projects as of May 29, 2023. The total cost was N13tn. That’s what the President inherited. And a debt to contractors of N1.6tn. And when you look at the variation because of the fuel subsidy removal and the floating of the naira against the dollar, if these projects are reviewed, the cost of these projects will increase to N19tn, just to complete the ongoing projects.”

The minister further noted that “Mr President manifested all the projects in the 2024 budget with the hope of giving him time to look for resources, including loans, to do these projects.

“But the truth I want the public to know is that N13tn projects inherited, today it should be over N20tn because, at that time, it was N500 to a dollar. Today the dollar is N1,700. At that time the ton of bitumen was like N600,000 per ton. But today it is N1.2 million per ton. And so you have to understand this. There is a transition before we stabilize.”

Umahi stated that this was why in the 2023 supplementary, the President approved N300bn to take care of several palliatives.

“By next week, we are going to publish what success we have achieved in those N300bn projects. We used it to procure over 330 roads, palliatives, and bridge repairs, which were properly procured and properly executed.

“As of today, we have achieved over 85 per cent completion. And so when we publish it, I want him to go there and verify. And I request that he tenders an all-reserved apology because all he did was to represent the contractors and incite the public against the government that brought him in,” he stated.

The minister added that about 10 projects have been terminated by the current administration as they had been awarded over one and a half decades ago.

According to the works minister, the President should be commended for paying attention to special mega road projects, and there is a priority given to the ministry in terms of the supplementary budget for 2023/2024, while they inherited N1.6tn in debt to contractors.

On the issues of the Federal Emergency Road Maintenance Agency, Umahi maintained that their hands are clean and there is nothing to hide. According to him, some contractors are unhappy with the ministry to the point of wanting the removal of the minister.

He noted, “There is no way you expect some project that lasted up to 20 years to be done in one year. The Chairman said we are awarding projects that we are not ready to execute. And that is where the oversight function comes in. You have the records of what we have awarded.

Regarding the Abuja-Kaduna-Kano dual carriageway projects awarded to Julius Berger Plc, he reiterated that after the expiration of seven days, “we will have no option but to revoke it and award the project to another construction firm to complete it.”

He therefore hinted that the ministry has a total of N600bn in certified jobs for 2024 and N726bn under the NNPC tax credit scheme.

Umahi said the insecurity in the North-West had delayed some of the ongoing projects, with 50 workers kidnapped for ransom by bandits.

BIG STORY

BREAKING: Lagos Government Shuts Down Cubana Chief Priest’s Restaurant Over Environmental Violations

Published

on

The Lagos State Government has closed DONALD Restaurant, which is owned by the well-known celebrity barman Pascal Okechukwu, also known as Cubana Chief Priest. The shutdown is due to significant “environmental infractions.”

The restaurant, situated in the affluent Lekki area, was closed after two employees were caught improperly disposing of waste along the roadside. This incident happened on Durosimi-Etti Street in Lekki Phase 1 and was reported early on Saturday, May 18, 2025, by the Chairman of the Lekki Estate Residents Association.

Following the report, the Lagos Waste Management Authority (LAWMA) quickly sent its Monitoring and Compliance team to the location. The team apprehended the individuals responsible and “sealed off the restaurant” for violating the Lagos State Environmental Management and Protection Law of 2017.

Confirming the event via his official X (formerly Twitter) account, LAWMA Managing Director/CEO, Muyiwa Gbadegesin, stated that “the culprits will be prosecuted accordingly.” This indicates that legal action will be taken against those involved.

“This action underscores our zero-tolerance stance on environmental violations. No one is above the law,” Gbadegesin noted. This quote emphasizes the strict approach the state is taking regarding environmental offenses.

The shutdown serves as a clear warning as the state increases its efforts to take action against “environmental offenders” to maintain cleanliness and order in Lagos. This highlights the broader implications of the government’s action.

Continue Reading

BIG STORY

JUST IN: FG Drags Roosevelt Ogbonna’s Access Bank To Court Over Alleged Fraudulent Diversion Of N825 Million State Funds

Published

on

Access Bank Plc and one of its employees are facing legal action. A four-count charge has been filed against them at the Federal High Court. The charges relate to the alleged diversion of N825.9 million in state funds into what is described as a “fraudulent account.”

The charges were brought by the federal government. They are the result of an investigation conducted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This information is based on “court documents seen by this newspaper.”

The charges, filed at the Sokoto Judicial Division, name Abdulmalik Abubakar, a relationship manager at Access Bank’s Sokoto branch, and the bank itself as defendants. They are accused of conspiracy, money laundering, and “concealment of stolen funds.”

The state counsel in the first count alleges that the defendants created a fake “Internal Revenue Service Account” with the account number 1873016763. It is claimed that they received N825.9 million through this account between May 2024 and January 2025. This is alleged to be in violation of Nigeria’s Money Laundering Act of 2022 and the Corrupt Practices Act of 2000.

The second count accuses them of allegedly concealing the same funds. This concealment is said to have occurred through the same “fraudulent account,” which was reportedly created at Access Bank’s Sokoto branch.

According to the court, the bank and Mr. Abubakar allegedly committed an offense that is contrary to section 18 (2)(a) and punishable under sections 18(3), 18 (4), 22(1), and 22(2) of the Money Laundering (Prevention and Prohibition) Act, 2022. This specifies the legal statutes that were purportedly violated.

In Count Three, prosecutors assert that the money was fraudulently received through the fake account. This action, they say, constitutes “an offence contrary to section 13 and punishable under section 68 of the Corrupt Practices and Other Related Offences Act, 2000.” This outlines another specific legal violation.

Count Four alleges that Mr. Abubakar and the bank directly concealed the laundered funds. This is claimed to be “an offence contrary to and punishable under section 24 of the Corrupt Practices and Other Related Offences Act, 2000.” This presents the final count in the charges against the defendants.

The state contends that the money was diverted without authorization and concealed in violation of anti-corruption and money laundering laws. This summarizes the federal government’s case against Access Bank and its employee.

According to a “hearing notice signed on 2 May,” the case has been moved from the General Cause List to a hearing scheduled for 19 May. The hearing will proceed on that date if the court’s schedule permits; otherwise, it will be postponed without further notification. The hearing is estimated to last up to two days.

The notice specifies that any party wishing to postpone the hearing must apply to the court promptly and provide proof if the reason involves factual matters. This sets out the procedure for seeking a postponement.

The notice also states that both parties must present all evidence at the hearing, including witnesses and documents. Evidence must be submitted during the hearing, and failure to do so may result in exclusion or the imposition of costs. This emphasizes the importance of presenting all relevant information at the scheduled time.

It further indicates that parties wanting witnesses to attend should immediately request the court to issue summons, allowing sufficient time for notification. If witnesses are required to bring documents, these must be clearly specified. This outlines the process for ensuring witness attendance and document production.

The notice clarifies that the party requesting witnesses must pay reasonable fees to cover their expenses and loss of time, as determined by the court. Attendance may be denied if these fees are not deposited. This addresses the financial responsibilities associated with witness testimony.

The notice also states that if either party intends to use documents held by the other, they must provide written notification ahead of the hearing. Failure to do so will prevent them from presenting secondary evidence related to those documents. This establishes rules regarding the presentation of documentary evidence.

The notice was officially issued by order of the court. This confirms the legal authority behind the instructions provided in the hearing notice.

When contacted for a response, the Access Bank spokesperson, Kunle Aderinokun, stated that the bank would issue an official statement regarding the matter. This indicates that the bank is aware of the charges and intends to address them publicly.

The information in this report is attributed to “Source Premium Times,” indicating the original source of this news.

Continue Reading

BIG STORY

Lagos To Begin Full Enforcement Of Single-Use Plastics Ban In July

Published

on

Tokunbo Wahab, the Lagos commissioner for environment and water resources, has announced that the state will commence full enforcement of the ban on “single-use plastics (SUPs)” starting from July 1, 2025. This marks a significant step in the state’s environmental policy.

“SUPs” are defined as products designed for short-term use. These items are often thrown away after only one use, contributing to environmental waste.

Styrofoam, identified as a trademarked brand of closed-cell extruded polystyrene foam (XPS), is used for building insulation on walls and roofs. It is also utilized in the production of disposable cups and plastics, falling under the category of “single-use plastics.”

In January 2024, the Lagos government implemented a ban on the use and distribution of styrofoam and other “SUPs.” This measure was taken to mitigate environmental pollution across the state.

The announcement of the ban initially led to varied reactions. Stakeholders and some residents criticized the government for what they perceived as a short period of notice before implementation.

Providing an update on the policy’s progress on Monday, Wahab stated on X (formerly Twitter) that the state government has adopted a strategic approach to the policy’s implementation over time.

The commissioner noted that over the preceding 18 months, the state government had conducted a series of engagement sessions with marketers and producers of “SUPs.” These discussions aimed to ensure a smoother transition.

“Now it’s time to act,” he asserted, indicating that the preparatory phase has concluded and the enforcement stage is imminent.

“We re-emphasized this stand during a courtesy visit by management of TETRA PAK West Africa Limited led by the Managing Director, Mr. Haithem Debbiche.” This highlights continued engagement with industry stakeholders to reinforce the upcoming enforcement.

“This is about environmental responsibility and we have given ample time to align with global best practices. What is unacceptable elsewhere cannot become standard in Lagos. We must protect our future and do what is right for the greater good.” This quote underscores the rationale behind the ban and the state’s commitment to environmental standards.

“We’re not here to score points. We’re here to do the work. Just like with the successful enforcement of the styrofoam ban, we will insist on accountability and responsibility.” This final statement emphasizes the government’s commitment to effective implementation and ensuring compliance.

Continue Reading



 

Join Us On Facebook

Most Popular