This Is How Six States In Nigeria Blew Away Billions Of Naira On White Elephant Projects (Details)

at 11:55 AM, 23 Oct 17 (1 month ago)
(3420 | Gistmaniac) Online (f)

Some mega projects worth billions of naira, which were initiated by previous governments in seven states, have been abandoned by the current state governments.
The Nation investigation in Abia, Rivers, Niger, Ogun, Plateau, Bayelsa and Akwa Ibom states revealed that the projects, abandoned at different levels of execution, are left to rot away, even as some of them now harbour criminals, reptiles and other dangerous animals. Most of the projects, we learnt, were initially financed through loans, some of which are still being paid or serviced by the affected states.
For example, the Monorail Project in Rivers State, which was conceived and began by the former governor of the state, now Minister of Transportation, Chibuike  Rotimi Amaechi, in his first tenure as governor in 2008, was designed to cover 12 kilometres at the cost of N50 billion.
It was however abandoned at the point of 2.6 kilometres when the former governor completed his second tenure in office. Sources said the work already done as at then, which was described as Phase 1A, gulped N33.9billion.
Since Amaechi left office, the project has been abandoned as the current government, led by Governor Nyesom Wike, has continuously exchanged hot words with the former governor over the project. The current government has, for example, alleged that the cost of the project, compared with similar projects in other states, was outrageous.
In Niger State, we learnt that at inception, the Minna Airport City Project was estimated to cost a whopping $600 million but when The Nation correspondent visited the state Ministry of Works, Lands and Housing and the agency handling the project to uncover how much has been expended on the project, no one was ready to give out information about it.
Governor Abubakar Sani Bello has however said pointedly that there were no resources in the state now to complete such a project, insisting that the available resources in the state will instead be channelled to other viable areas.
Another mega project abandoned in the state is the Minna Hotel. The cost of the construction of the five-star hotel was put at N19.6 billion. Although the government had issued a bank guarantee of N1.4 billion and a land worth N400 million, The Nation observed that the hotel remains as it is since former Governor Mu’azu Babangida Aliyu left office.
Bayelsa International Hotel in Yenagoa, Bayelsa State and Enyimba International Hotel in Aba, Abia State, have suffered similar fate.  Our investigation confirmed that although Bayelsa Hotel was one of the projects used by former governor Timipre Sylva to secure a N50 billion loan from the capital market in December 2009, it is still an abandoned project. A report by the Financial Management Review Committee, chaired by the former Managing Director, Niger Delta Development Commission (NDDC), Timi Alaibe, shows that the cost of the project was N13.9 billion. The report also showed that the project was rated 26 percent completion when the bond was obtained.
For Abia International Hotels, which was initiated by former governor Sam Mbakwe government, over 38 years ago, we learnt that another $25 million would be needed to expand and complete it.
Jos Main Market, another abandoned project, according to our sources, would need N5billion to rebuild.  But the state government said it does not have such money and so has opted to engage investors under Private Public Partnership (PPP).
Some of the state governments, who vowed not to touch the abandoned projects, said they were mere elephant projects initiated by former government who may have used them to siphon resources. (Continued on page 46)
Original estimated costs of the abandoned projects
*Rivers Monorail–N50b
*Minna Airport City-$600m
*Minna five-star Hotel – N19.6b
*Abia Int’l Hotel –N6b to complete * would need about $25m to expand
*Jos Main Market — N5b to rebuild
* Bayelsa Hotel —N13.9b
* Ibom Tropicana —N33b
* Ibom Specialist Hospital (completed but shut down)—- N41b

BournIdentity at 11:59 AM, 23 Oct 17 (1 month ago)
(45390 | Addicted Hero) (m)
Chhaaaiiiiiiiii as I see elephant I bin tink sey na orobo kixmonkey
Reply
ruthie at 12:00 PM, 23 Oct 17 (1 month ago)
(9418 | Hero) Online (f)
WHY CANT ALL OF THESE PROJECTS BE PROBED TO SERVE AS A DETERRENCE TO OTHERS...EMBARKING ON PROJECTS AND ABANDONING IT...WASTEFUL NATION
Reply
BournIdentity at 12:01 PM, 23 Oct 17 (1 month ago)
(45390 | Addicted Hero) (m)
Huhuhuhuhuhuhu,.,.?? U mean sey kunu ppl follow as in nnamdi? nobsmalltin, deres god
Reply
Mykie010 at 12:36 PM, 23 Oct 17 (1 month ago)
(5197 | Gistmaniac) (m)
Quote from: ruthie on 12:00 PM, 23 Oct 17
WHY CANT ALL OF THESE PROJECTS BE PROBED TO SERVE AS A DETERRENCE TO OTHERS...EMBARKING ON PROJECTS AND ABANDONING IT...WASTEFUL NATION
what a dump question, is it ur bugarri,that will probe them?what happened to d ones he probed before.. Babachir lawal and co.u people so much have trust in jibrin
Reply
ruthie at 12:47 PM, 23 Oct 17 (1 month ago)
(9418 | Hero) Online (f)
Quote from: Mykie010 on 12:36 PM, 23 Oct 17
what a dump question, is it ur bugarri,that will probe them?what happened to d ones he probed before.. Babachir lawal and co.u people so much have trust in jibrin
KEEP QUIET! EMPTY BARREL
Reply
kixme at 12:50 PM, 23 Oct 17 (1 month ago)
(2153 | Gistmaniac) Online (m)
 Roll Eyes ::)why poster you come dey remind me of this shit
Reply
Vistolyn at 01:56 PM, 23 Oct 17 (1 month ago)
(11 | Newbie) (f)
Wen I saw d headline I knew DAT Abia state must b dia ! Wat a sorry state with bad government
Reply
james987 at 04:05 PM, 23 Oct 17 (4 weeks ago)
(5162 | Gistmaniac) Online (m)
When I talk say efcc no know where e dey pain them,person go think say I dey lie. Na buhari fight corruption pass because the names above are all in APC make our eyes open so that we fit see road clearly and call a spade by it name. Na wa ooo
Reply
gogoman at 04:43 PM, 23 Oct 17 (4 weeks ago)
(27386 | Addicted Hero) (m)
and they will blame Buhari
Reply

LATEST COMMENTS

  1. kennybest05 on: Redeemed Church G.O, Adeboye And Others Fail To Back Tithe Claim With Scripture - Rapper, Eldee
    There are scriptures to back tithing both in old and new testament. I will not mention the old testa... 6 mins ago ago
  2. JOONEC on: Accused Teenage Actress, Regina Daniels Arrests Fake Movie Producer And His Crew Impersonating H
    Good one dear... 31 mins ago ago
  3. tonyigho on: Banky W, Adesua Etomi And Friends Go Sightseeing In South Africa Ahead Of Their Wedding - SEE PH
    After all this later marriage will crash. ... 33 mins ago ago
  4. tonyigho on: Pale Looking 13yrs Old Girl Rescued After Her Madam Locked Her Indoors And Traveled Abroad (Phot
    Jail her for 6 months for others to learn ... 36 mins ago ago
  5. tonyigho on: END TIME: Viral Photo Of Young Less Concerned Nigerian Girls Smoking Weed (PHOTO)
    I can't see it clearly to know if weed or cigarette and how do you know they are Nigerians?... 48 mins ago ago

November Leaders

BournIdentity(1246) - kixme(682) - kacylee(453) - ruthie(376) - gogoman(366) - felicilin(285) - benosky4(279) - james987(162) - bohlah(137) - abati666(121) - clarajancita(117) - xspraise(107) - ItaloBigBoSs(94) - kaposky(90) - fineboy77(90) - victorstic1(87) - Glory07(84) - Wazubia(83) - osarobo62(77) - Markeve(72) -