Memoranda from various stakeholders
have started pouring in before the House
of Representatives Ad-hoc Committee set
up to investigate contract awards for the
Rehabilitation of Railway tracks and the
procurement of Coaches and Locomotives
between 2010-2014. “Nigerians would be
shocked at the level of massive frauds
committed by highly placed government
functionaries when the findings of this
committee are made public,” a source
close to the committee told Vanguard,
yesterday.
According to the source, already, many
good spirited members of the public have
submitted detailed momeranda on how a
few government functionaries literally
stole several billions of Naira under the
guise of rehabilitating the nation’s Railway network.
Sources said that a former Secretary to
the Government of the Federation, SGF
and two former National Chairmen of the
Peoples Democratic Party, PDP, who held
very key positions on the Board of the
NRC were said to have been fingered as
having taken decisions that were less than
in public interest in the rehabilitation
project.
It was learnt that while it would be
difficult for top management of the
corporation and the Federal Ministry of
Transport to claim ignorance in what went
wrong some of them who were not
involved have come forward to volunteer
information on how much of the
infractions were carried out. It was learnt
that there were cases were coaches and
locomotives procured were way far from
specifications for which public funds were
paid and that in some cases, payments
which had already been made through
the regular budgetary provisions were
repeated through the SURE-P window.
As learnt the worse method through
which those involved fleeced the nation
was complete refusal to do jobs after
collecting money for them. Consequently,
out of a total contract sum of N79.337
billion for various segments of the
rehabilitation, N42. 086 billion had
allegedly been paid to the contractors but
with very little work done.
The Abuja-Kaduna $ 841 million Rail Line
being funded partly through the a $500
million loan from the China Exim Bank,
has also suffered several completion date
setbacks. It was alleged that of the total
contract sum of N19,963,752,330.20 for
the 463 km Port Harcourt – Makurdi Rail
Track Rehabilitation N9,611,076,218.01has been paid. It was
claimed that no appreciable work has
been done on the sector.
The Lagos to Jebba track rehabilitation
project was awarded at a total contract
sum of N12,293,390,000.00 out of which
N 1l ,699,999,218.00, has been allegedly
been paid. Jebba to Kano track
rehabilitation project had a total contract
sum of N12,169,237,337 with payments
so far made put at N 10,337,023, 111.69
without any appreciable work done.
Zaria to Kaura track rehabilitation project
with a total contract sum of
N3 ,206,241 ,650 and payment ofN1,
147,471,038.00 paid. Procurement
rehabilitation of wagons, coaches and
locomotives (narrow gauge) were
projected at a total sum
ofN6,502,914,067.00 with
N4,071,008,628.64 so far paid, all to no
avail. The track rehabilitation consultancy fee was N 1,482,100.000.00 with payment
made so far put at N718,205,192.00.
Kuru to Maiduguri track rehabilitation
project was awarded at N23,
720,359 ,034.00 with payment made so
far being N6,499,618,120.55. The
legislators are concerned that with the
Billions of funds sunk to upgrade the
Railways Transport System, there was too
little to show for it as the Locomotives
and Coaches running on the nation’s
tracks are still a relic of Modern Railway
Transport.

http://www.vanguardngr.com/2015/11/alleged-n42bn-railway-fraud-former-sgf-2-ex-pdp-chairmen-fingered/

Really, but why Nigeria politicians are so selfish and evil?

We are now immuned to the trillions that were stolen in all sectors of the economy in this country in time past. Just stop all these witch-hunting that leads no where and recover our monies pls which makes better sense.
That so and so is suspected to have stolen money means nothing until we hear that these stolen money has been recovered.

If this is true then......