Connect with us


Contractors Besiege Imo Govt. House, Demands N450 Million




Contractors under the aegis of Genuine Unpaid Road Contractors in Imo State have laid siege at the Government House, Owerri in demand of the payment of over N450 million debt on various road construction executed for the state government by their companies.

In their open letter addressed to the state Governor, Chief Rochas Okorocha dated November 9, 2015 and signed by Messers. A.M. Ogirima,  G.I. Oparaku,  J.M. Onyeukwu,  A.A. Nwafor, C.O. Ibezim and Eze G. Paul, they appealed to the governor to pay them for the work they did in the first term of his administration, as their projects were duly executed and payment certificates issued to them.

“The payment certificates on these contracts were processed and forwarded in memoranda by the relevant ministry and committees to the office of the Executive Governor, after necessary site inspection and due certification of the contractors’ works, by inspection teams of engineers and contract administrators of the state government.

“These payment certificates with accompanying inspection reports and other annexures were all duly acknowledged by the office of the Executive Governor of Imo state as delivered”, the letter read.

According to them, it is noteworthy that after signing the contract on the construction of these roads, the contractors were prevailed-upon by then state government to move equipment, labour and materials to site and commence the execution of these road contracts without payment of mobilization fees necessary for road construction contracts.

They recalled that it was an agreement with the state government that the contractors should source for funds, deploy expertise together with materials and move to commence execution of the roads to prove their competence and quality and then get paid immediately on attainment of agreed milestones.

The affected contractors maintained that they had all worked to the agreed percentages of work and milestones to deserve payment in accordance to terms and parties obligation in the contract, even as they all borrowed money from banks and various areas in order to reach to the agreed percentage.

“Some of us have even completed their projects to asphalt surfacing level, thereby saving the roads from damage from erosion by rains deploying self-funds. It is disheartening and indeed highly frustrating that the good gesture of the contractors are not reciprocated but rather the payment obligation by the government within the contract is not fulfilled for over two years now”, the fumed.

They, however, pleaded with government to reduce their level of frustration occasioned by the condition they have been put into due to litigation from banks leading to loss of company properties as collateral to financial institutions, trauma they have suffered even as some have died as a result of their indebtedness to these financial institutions, etc.


CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Sanwo-Olu Orders Full Reopening of Markets




Governor of Lagos State Orders Full Reopening of All Markets

Governor Sanwo-Olu of Lagos has ordered the full reopening of markets in the state after a report showed new cases of COVID-19 have subsided.

The governor ordered the full reopening of both the food markets and non-food markets across the metropolis.

Dr. Wale Ahmed, the Commissioner for Local Government and Community Affairs, disclosed this in a statement issued on Tuesday.

He said the governor took the decision to further deepen trade and commerce and ease the hardship of recent happenings.

It should be recalled that the markets were shut due to the outbreak of ravaging COVID-19 pandemic in March before they were partially reopened for activities in May.

The governor, however, urged all traders to observe all safety protocols in order to prevent a possible resurgence of COVID-19 in the state.

Continue Reading


Private Sector Coalition Against COVID-19 (CACOVID) Speaks on Looted Palliatives, Explains Delay



looted palliatives

Looted Palliatives: Private Sector Coalition Against COVID-19 (CACOVID) Speaks

Private Sector Coalition Against COVID-19 (CACOVID) has spoken on the recent actions of criminals and thugs who hijacked the #EndSARS protest and looted warehouses where COVID-19 palliatives were kept for distributions.

The group refuted claims that the stolen items were hoarded for certain people instead of distribution to the vulnerable they were meant for. This is despite the fact that some of the palliatives were already rotten by the time criminals broke into the warehouses.

Some of the looters, who spoke with the press, said a sizeable number of the items were already rotten and destroyed by rodents, while one of the lawmakers tasked with distribution claimed he planned to distribute the items on his birthday. A statement that angered many Nigerians.

However, in a statement issued on behalf of the group by Osita Nwanisobi, the Acting Director of Corporate Communications, CBN, on Monday, CACOVID said due to the huge size of the items meant to be distributed, the complex process involved in manufacturing, packaging and the eventual distribution to 2 million most vulnerable families across the 774 local government in the country, the group agreed to conduct the supply in stages, especially given locked down imposed by the Federal Government during the period.

The statement reads, “Members of the Private Sector-led Coalition Against COVID-19 (CACOVID) wish to call for calm, amidst the looting of COVID-19 palliatives meant for distribution in various State Government warehouses across the country.

“The Coalition is deeply concerned by the recent events and is urging those involved in the wanton destruction of public and private property to immediately desist from these raids, in order to allow the States to proceed with a peaceful and fair distribution of these palliatives to the neediest and most vulnerable in our society.

“Over the past few months, the private sector, through CACOVID has been working with governors, the FCT Minister, and the Nigerian Governors’ Forum (NGF) to procure, deliver, and distribute these food relief items to almost 2 million most vulnerable families (over 10 million Nigerians) across the 774 local government areas of the country, as part of the private sector’s support towards the national response to the COVID-19 pandemic.

“The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner.

“The very large size of the order and the production cycle required to meet the demand caused delays in delivering the food items to the states in an expeditious manner; hence, the resultant delay in delivery of the food palliatives by the state governors.”

Continue Reading


Makinde Directs Schools to Reopen After #EndSARS Protest




Schools to Reopen After #EndSARS Protest, Says Governor Makinde

The Executive Governor of Oyo State, Seyi Makinde, has directed schools across the Ibadan metropolis to resume normal activities immediately after the #EndSARS protest.

Mr Olasunkanmi Olaleye, the commissioner for education, Oyo State, disclosed this in a statement issued on Sunday in Ibadan.

According to Olaleye, the directive was after a careful review of the situation in the Ibadan metropolis as promised by Governor Makinde in a state broadcast on October 20.

This was after the governor ordered the closure of all schools, private and public, in the Ibadan metropolis for three days and promised to review the situation on October 23.

Olaleye said the governor thanks the youths who have been cooperating with security operatives in the state to ensure peace and order.

Continue Reading