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Umahi commends Nigeria NLG mgt for commitment to tripartite agreement on completion of Bodio-Bonny road in River State
The Minister of Works, Sen. David Umahi, has commended Nigeria NLG Limited for its commitment to funding the completion of the Bodo-Bonny Federal road in Rivers State in line with the tripartite agreement with Federal Government and Julius Berger Nigeria Plc.
The Minister also hailed the company for indicating interest to connect the road to East West Road to maximize the economic potentials of the area.
Engr. Umahi made this commendations when the management of Nigeria NLG Ltd led by its MD/ CEO ,Dr Philip Mshelbilla, visited him in his office at Federal Ministry of Works Headquarters,Mabushi Abuja on 11th December,2023.
According to a statement signed by Hon. Uchenna Orji, Chief Press Secretary to the Minister, Umahi further commended them for putting the interest of Nigeria first in their contractual negotiations and for keying into the innovations and ideals of the Renewed Hope Administration of President Asiwaju Bola Ahmed Tinubu, with respect to quality, innovations, cost effectiveness and timely completion of road projects embarked upon by Federal Government.
The Minister said- “Thank you very much. When I see Nigerians that are standing for the country, I feel very excited because Nigeria is our only country. We can’t mortgage the country; we can’t sell the country.
“I saw your letter with regard to requests by Julius Berger Nigeria Plc, the contractor, to increase the contract sum. And you and your board together with your team vehemently stood against that. That gave me some teeth to bite because I saw a commitment by all parties that this project will not increase beyond the augmented amount of 199,000,000,000.
So, I want to commend you for that.”
The Hon. Minister enjoined Julius Berger to respect the spirit and letters of the tripartite agreement and go back to site, assuring that Federal Government would offer compassionate considerations on the remaining 16% uncompleted job without necessarily expanding the contract envelope.
“I discovered by the letters of JB that they have abandoned the site, and that’s against the contract they signed, even if they needed to leave the site, the general conditions of contract specify the procedures for notices in such a circumstance
“Well, we have discussed with them and I said, we are going to look at the remaining 16% on a compassionate ground, and see whether there is any merit, and we can see if there is any money left in the contingency, but definitely will not expand the envelope.
“Expanding the envelope means you are going back to your Board. Expanding the envelope means my going back to Federal Inland Revenue, going back to BPP, going back to Mr. President, going back to Federal Executive Council. So it’s a long journey, and that will not allow that project to be completed as planned,” the Minister maintained.
Speaking on behalf of the management of Nigeria NLG Ltd, the MD/CEO reiterated the vision of the company in not only building a globally competitive LNG company but also in contributing towards building a better Nigeria by delivering quality infrastructure through projects such as the Bobo-Bonny road being funded by NLNG.
He assured that everything possible would be done to complete the road on time as provided under the agreement bearing in mind the concerns of the contractor handling the project.
“With regards to coming back to the Bonny Bodo road, we see two parts to it, the main road itself. We are really looking forward to that being completed on time. We have had commitments in the past from the contractor around its completion and we do understand that there are concerns around what is happening in the economy now,” he said and thanked the Hon. Minister of Works for his commitment to road infrastructure revolution and expressed hope that the economy of Nigeria would bounce back with the manifest determination of President Tinubu’s administration in fixing the critical infrastructure for the growth of our economy. He assured the Hon. Minister of the readiness of the company to partner with Federal Government always in her developmental efforts.
“We have indicated an interest to pursue the extension of that road from Bodo so that it connects to the East West Road. That way you then have a complete corridor of major roads connecting to East West Road, rather than ending in Bodo.
“In summary, just to thank the Minister again, your commitment to projects like this across the country will indeed make a huge difference to the common man, to transportation of people, farmers who need to move their products.”
News
Speaker, 14 other River State assembly members decamp to APC
15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.
Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.
“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.
Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.
All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.
News
CBN rolls out new directives to track financial fraud
The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.
Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.
The action comes in the wake of a dramatic increase in banking sector fraud.
According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.
The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.
Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.
The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.
It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.
News
DSS arrests medical doctor treating wounded terrorists
Operatives of the Department of State Service have arrested a medical doctor treating wounded kidnappers inside the forest in different parts of Kwara State.
The suspect, whose name could not be ascertained at press time, was also involved in supplying drugs to kidnapping gangs operating in Kwara.
The DSS intercepted the medical doctor in the Jebba area after intelligence reports revealed that some couriers had been moving medical supplies from Sokoto to treat wounded bandits hiding in forests across the state.
A security official said many of the criminal groups have sustained gunshot injuries in recent encounters with forces.
The source said, “So, we are advising improved security measures in health facilities in thickly forested areas which the kidnappers may target.”
Confirming the development, the Chief Press Secretary to the Governor of Kwara State, Rafiu Ajakaye, said the arrest was another significant breakthrough in ongoing efforts to combat banditry.
Ajakaye noted that the state government will continue to strengthen collaboration with security agencies to shut down all channels aiding kidnapping activities.
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