This is the first time where correspondence stamped at the Governors office and sent directly to the Governor is released to be used for unintelligent deception and social media hype. Whoever released that letter is either brimming with ignorance or banking on the silence of those that know better.

The letter clearly states the money in discussion is money held for "retention".
Retention is 5% of the contract sum kept by the Government for a period, it is released at the expiration of the defect liability period of a project and is done for ALL projects.

The project in this letter was executed at N5.28bn, 95% of the project sum was paid, the project was completed and commissioned and the retention (5%) was kept as is the norm.

I can tell you with certainty that the SIM Government is in possession of the 5% retention for the old Bori road he just commissioned and will do the same for all other projects he will commission.

Finally, the funds for this project was fully approved by Wike and the 5% retention which is what is reflected in this paper from Governor SIM's office was held by the Accountant General who happened to be the same SIM.

- Marshal Obuzor

You are the stupid one idiot

I am sure you have not eaten tonight

I don't know what you Yorubas think of yourselves

Mercenary123:
You are the stupid one idiot

I am sure you have not eaten tonight

I don't know what you Yorubas think of yourselves

you think everyone is as hungry and poor as you are? I thought you wanted to say something intelligent about the so called debt that Fubara claims contractors requested.

Eteka1:
you think everyone is as hungry and poor as you are? I thought you wanted to say something intelligent about the so called debt that Fubara claims contractors requested.

Just know that if the headless mob can not counter your arguments with fact they resort to abuses so as to muddle up the issue.
Na their way so just ignore their rants.

Eteka1:

This is the first time where correspondence stamped at the Governors office and sent directly to the Governor is released to be used for unintelligent deception and social media hype. Whoever released that letter is either brimming with ignorance or banking on the silence of those that know better.

The letter clearly states the money in discussion is money held for "retention".
Retention is 5% of the contract sum kept by the Government for a period, it is released at the expiration of the defect liability period of a project and is done for ALL projects.

The project in this letter was executed at N5.28bn, 95% of the project sum was paid, the project was completed and commissioned and the retention (5%) was kept as is the norm.

I can tell you with certainty that the SIM Government is in possession of the 5% retention for the old Bori road he just commissioned and will do the same for all other projects he will commission.

Finally, the funds for this project was fully approved by Wike and the 5% retention which is what is reflected in this paper from Governor SIM's office was held by the Accountant General who happened to be the same SIM.

- Marshal Obuzor

What's the required number of years a government is allowed to withhold retention sum?

SenatorCharles1:


What's the required number of years a government is allowed to withhold retention sum?

there is no fixed timeframe. It's agreed in contract awards depending on the type of project involved.

Mercenary123:
You are the stupid one idiot

I am sure you have not eaten tonight

I don't know what you Yorubas think of yourselves

They see themselves as the superior tribe manipulating the whole tribes in Nigeria and the country, who wud believe that the same ppl we tot were progressives were simply scoping to dominate and destroy others , we must fight them to stand still or deat

They should just set up a boxing match between Fubara and Wike and they can both finish this matter once and for all.

My money will be on Wike.

There are too many Topboypiss bots on Nairaland. Something should be done to whittle them down. It's starting to look like Wikeland.

Mercenary123:
You are the stupid one idiot

I am sure you have not eaten tonight

I don't know what you Yorubas think of yourselves

You are disgusting. Why not counter what the poster have said? Do you know what rentention means? Why not make am educative submission. Fubara or Wike wouldn't care if you ate tonight.

Can you prove the poster is a Yoruba? This senselessness seem hereditary

Eteka1:
there is no fixed timeframe. It's agreed in contract awards depending on the type of project involved.

A project that was awarded and completed within the first tenure of Wike's administration and after 8 years you're still talking about retention sum? For your info, maximum number of years for retention sum is 2 years except otherwise stated in the contract agreement.

For the contractor to wait until after the administration of Wike (almost 7 years after) shows something is wrong somewhere.

SenatorCharles1:


A project that was awarded and completed within the first tenure of Wike's administration and after 8 years you're still talking about retention sum? For your info, maximum number of years for retention sum is 2 years except otherwise stated in the contract agreement.

For the contractor to wait until after the administration of Wike (almost 7 years after) shows something is wrong somewhere.

there must be a good reason why the retention is pending. The awarder of the contract holds onto the retention fee to ensure that contractor meets agreed specifications. The point is, this is not a debt but a retention. If the new government thinks the roads in question are okay after a reasonable period post-completion, they should release the retention to the contractor and stop the stupid propaganda.

Forkthiefnubu:

They see themselves as the superior tribe manipulating the whole tribes in Nigeria and the country, who wud believe that the same ppl we tot were progressives were simply scoping to dominate and destroy others , we must fight them to stand still or deat

. Very mischievous and cunning

Those guys sucks

Eteka1:
there must be a good reason why the retention is pending. The awarder of the contract holds onto the retention fee to ensure that contractor meets agreed specifications. The point is, this is not a debt but a retention. If the new government thinks the roads in question are okay after a reasonable period post-completion, they should release the retention to the contractor and stop the stupid propaganda.

There are a lot this government may not come out to say in the media but trust me, you won't want to get the details of what's been going on behind these award of contracts and payment to contractors. Take it or leave it, the retention sum of whatever you want to call it had been signed off by the last administration and monies pocketed by someone else other than the contractor. I rest my case

SenatorCharles1:


There are a lot this government may not come out to say in the media but trust me, you won't want to get the details of what's been going on behind these award of contracts and payment to contractors. Take it or leave it, the retention sum of whatever you want to call it had been signed off by the last administration and monies pocketed by someone else other than the contractor. I rest my case

you are entitled to your beliefs. But that doesn't make them facts.

Op, you and Reno are pathetic liars. Do you keep retention for 7 years? Also, how did you come about the total contract sum?

Please, do not become STUPID because of politics or the N30k rhey pay you.

SenatorCharles1:


What's the required number of years a government is allowed to withhold retention sum?

it's up until the government determines the project is sound and worthy.....so anywhere from 6 months to Never depending on who you are looking at to pay you.

Validated:
Op, you and Reno are pathetic liars. Do you keep retention for 7 years? Also, how did you come about the total contract sum?

Please, do not become STUPID because of politics or the N30k rhey pay you.

what are you disputing? Even the contractor has clearly stated in the letter that the sum in question was withheld for retention.

To you all Educated Illiterate that normally come on thread to insult posters, just because their opinion is contrary to yours, I am serious ashamed of you all. Sometimes, I wish I could just see the person behind some of the foolish comments I see on here daily to give such person a very heavy dirty slap that you always deserve.

Meanwhile, Gov. Sim. should also desist from this show of shame he is embarking on. Governance is continuous and if a project is done by his predecessor in the interest of the state, there is nothing wrong if he pay up the balance if truly there is any. All he needs to investigate is, if the balance haven't left the government treasury.

What Nonsense!

Wolexyoshi:
To you all Educated Illiterate that normally come on thread to insult posters, just because their opinion is contrary to yours, I am serious ashamed of you all. Sometimes, I wish I could just see the person behind some of the foolish comments I see on here daily to give such person a very heavy dirty slap that you always deserve.

Meanwhile, Gov. Sim. should also desist from this show of shame he is embarking on. Governance is continuous and if a project is done by his predecessor in the interest of the state, there is nothing wrong if he pay up the balance if truly there is any. All he needs to investigate is, if the balance haven't left the government treasury.

What Nonsense!

I agree with you

Eteka1:
you are entitled to your beliefs. But that doesn't make them facts.

O boy you just dey type mumbo jumbo here, they don sign off that money pocket am tey tey... those are part of the debts Fubara is talking about. He is entitled to his own beliefs, but you are forcing down your own beliefs on people... O boy park well

Op, fubara was in the heart of rivers finance throughout Wike's years so when he talk say something is wrong he get receipts to back up.
Wike is a big thief who stole rivers dry. Fubara will open more cans of worms just relax.

Eteka1:
there is no fixed timeframe. It's agreed in contract awards depending on the type of project involved.

if the term agreed has not expired the company will not be writing to the governor. The term agreed has expired long time but Wike held to the money and left the burden for Fubara

Most CHILDREN writing rubbish replies don't even know the meaning and essence of retention in contract.

Eteka1:
you are entitled to your beliefs. But that doesn't make them facts.

This where you exposed your bias

...if u claim that the first 264m was for retention, was the 202m also a retention fee? When u drink and smoke gas, u will just stay somewhere in the west and type anything u like to the detriment of the public. We wey dey ph know that the Governor is on track and won’t speak on both sides of his mouth like Wike. U go just dey support rubbish because of ur political inclinations and set aside an obvious truth.

crisubanijunior:
...if u claim that the first 264m was for retention, was the 202m also a retention fee? When u drink and smoke gas, u will just stay somewhere in the west and type anything u like to the detriment of the public. We wey dey ph know that the Governor is on track and won’t speak on both sides of his mouth like Wike. U go just dey support rubbish because of ur political inclinations and set aside an obvious truth.

It's not my fault that you can't read and understand the English language written in the letter.

Eteka1:
Most CHILDREN writing rubbish replies don't even know the meaning and essence of retention in contract.

That people write something that isn't what is in your mind makes them children? You are worse than the people you criticize.

Eteka1:

This is the first time where correspondence stamped at the Governors office and sent directly to the Governor is released to be used for unintelligent deception and social media hype. Whoever released that letter is either brimming with ignorance or banking on the silence of those that know better.

The letter clearly states the money in discussion is money held for "retention".
Retention is 5% of the contract sum kept by the Government for a period, it is released at the expiration of the defect liability period of a project and is done for ALL projects.

The project in this letter was executed at N5.28bn, 95% of the project sum was paid, the project was completed and commissioned and the retention (5%) was kept as is the norm.

I can tell you with certainty that the SIM Government is in possession of the 5% retention for the old Bori road he just commissioned and will do the same for all other projects he will commission.

Finally, the funds for this project was fully approved by Wike and the 5% retention which is what is reflected in this paper from Governor SIM's office was held by the Accountant General who happened to be the same SIM.

- Marshal Obuzor

One of the project was finish in 2016 while the other one was finish in 2017, why did wike fail to pay them till be left in 2023?

Ikaeniyan0:
One of the project was finish in 2016 while the other one was finish in 2017, why did wike fail to pay them till be left in 2023?

they were paid (95%). What they are requesting for is the 5% retention.

SenatorCharles1:


There are a lot this government may not come out to say in the media but trust me, you won't want to get the details of what's been going on behind these award of contracts and payment to contractors. Take it or leave it, the retention sum of whatever you want to call it had been signed off by the last administration and monies pocketed by someone else other than the contractor. I rest my case

Bold comment. Such comments are usually backed by facts, and surely you do not have them.

I'm curious though, to why Sim Fubara, the Accountant General during Wikes tenure would not know about this until now. He revealed on 5th May 2024 something he already knows about since he was the man in charge of balancing the books.

Fubara can deceive the gullible, but he's also as complicit as Wike. Level 14 civil servant that already had a house in London before he became Governor of Rivers State. SMH.

It is your fault that u intend to sell falsehood to the public. Rivers is not Lagos. Rivers people are too civilized to be controlled by one man