Chibike Amechi

The technical consultant River State on monorail project, Arcus Gibbs revealed that he advised former Governor Chibuike Amaechi against continuing with the project.

Managing Director of Arcus Gibbs Nig Ltd, Wiero Viguezang, spoke when he appeared before the Judicial Commission of Inquiry set up by the Rivers State Government to probe the sale of valued assets of the state and other matters

However, Gibbs said his company gave the advice only after collecting N22.9bn from the Rivers State Government since its services were enlisted in March 1, 2010.

While being cross-examined by counsel to the commission, Dr. Zaccheus Adangor, Viguezang, stated that the monorail project was no longer tenable considering the shortfall in the state’s revenue and the inability of its original technical and equity partners, TSI Nig Ltd, headed by the former military administrator of Rivers State, Brig-Gen Anthony Ukpo (Rtd.), to fulfil its obligations to contribute 80 per cent of its equity holdings.

He disclosed that the state owes his company N1.1bn for its services.
He also said the company had in a letter to the Rivers State through the ministry of transport, in April, made a six-point recommendation to the Rivers State on how to unbundle the monorail project in such a way that the state government can salvage some financial benefits out of the N33.9bn so far invested in the project. The monorail project was originally estimated to cost about Euros2250m. (Meanwhile if 1 Euro = 222.53 Nigeria Naira, 2250m Euros = 500,684,740,078 Nigeria Naira)
The technical partner had in its sixth point of recommendation suggested to the Rivers State Government to unbundle the monorail project and approach the manufacturers of the mechanical components and rail tracks in Germany and exploit the possibility of reselling components at a lower price to the manufacturers.

He said the company also advised the state government to consider the option of using the monorail facilities for other commercially viable purposes, mentioning the spaces between pillars and surrounding areas of the monorail project, stressing that the area between Azikiwe Road and the UTC axis could be put into very fruitful commercial purpose.
Viguezang also told the commission that his company and the state government had planned to unveil the monorail project last April specifically to mislead the people of Rivers State into thinking that the project, which has gulped N33.9bn, was still on course.

He admitted that his company wrote a memo to the commissioner for transport to arrange the unveiling of the project essentially for media coverage since the project was “technically uncompleted”.

According to Viguezang, “We actually wrote to the ministry of transport in January, to arrange for the governor to unveil the monorail project in April for the attention and coverage of the media based on the expectation of the people of the state.”

When asked to clarify if the unveiling was to deceive the people of Rivers State into believing that the controversial monorail project was ready, Viguezang admitted; “It was to deceive the people into believing that the monorail project was at last ready”.

The managing director, however, stressed that “apart from the media coverage and public attention that it is expected to generate, the monorail was not technically and commercially ready. Only phase 1a within phase 1 of the project was ready. So, there was no way the public would have been able to use the monorail as at April when we asked the ministry of transport to unveil the project to the media”.

Viguezang admitted that the Rivers State government enlisted services of Arcus Gibbs at the cost of N600 million from March 1, 2010 to December 1, 2010, after the memorandum of understanding (MoU) with TSI collapsed because TSI could not raise revenue to fulfil the payment of its 80 per cent equity share capital.

He stated that part of its role as the technical service provider to the Rivers State government concerning the monorail project was to evaluate and assess the activities of TSI and give an independent opinion to the Rivers State government.

http://www.thefocusng.com/technical-consultants-advised-amaechi-against-monorail-project-after-collecting-n22bn/

Hmm

Abeg na only Ameachi be Nigerian this days?

Ok

I invoke people like demdem and Beremx to this page.

I believe they hv something to say

Where is demdem Beremx has left nairaland.. her contract with APC wasnt renewed. haha

London bridge is falling down

Amaechi, Amechi, Amechi,

How many times I call you, I warned you when you were fighting your own brother to sheath the sword, but arrogance and idiocy couldn't let you think.
You went dining with the foolanis and they deceived you with empty praise and promises, now your eyes Don dey clear.

Sometimes I begin to wonder how some of our politicians in the south think, I wonder if God has placed their brains in their anus such that they reason through their holes. What in the world will make a governor fight dirty, openly and wickedly with his brother president, Just as we witnessed as Amechi did to GEJ, he ridiculed him and made mess of his name, just to prove that he is a strong guy.

And come to think of it, the GEJ presidency was the only opportunity the people of ND could have gotten in the last fifty years and they will get in the next fifty years, and their own brother Amechi rubbished that opportunity for them, because of selfish pride and arrogance. Their were many govs in the SS and SE that had problems with the president (GEJ) but they just let the sleeping dog to lie, because they did not want to ruin their only chance and opportunity, now this is what you call MATURITY, however in Amechi's own case stupidity was his master.

I will never pity Amechi in whatever betrayal, hard time, and tribulations, he is or he will pass through. He deserves Even more.
As his case with that of the youlubaboobs will serve as a classic example of NEVER FIGHT YOUR BROTHER TRUSTING THE FOOLANIS!

nameo:
I invoke people like demdem and Beremx to this page.

I believe they hv something to say

And abagoro too..

By the way, wia