Former Gov. Of Rivers State, Rotimi Amaechi Reveals How He Lost $39M To Fraudsters In Rivers -Video

Published 2 years ago by: onuigbo felicia
at 11:56 AM, 3/08/2017 (2 years ago)

(7442 | Gistmaniac) (f)


Former Governor of Rivers state, Rotimi Amaechi has disclosed why he lost $39 million to fraudsters in Rivers state.
The Federal Minister of Transport who at his Senate hearing famously uttered, “I have never taken bribe in my life but if they send a girl to you and you sleep with the girl and do that favour, that means you are corrupt”, said that he lost the money because he was only human and was learning on the job.
Guardian reported about the fraud in 2015, After spending N8.54 billion on a proposed 1,000-bed Adolphus Karibi Whyte Specialist Hospital, the permanent secretary in Rivers State Ministry of Health, Somiari Harry yesterday said there is no physical structure at the site of the project.
Vital documents such as a memorandum of understanding and shareholders’ agreement between the state government and Canadian-based Clinotech Diagnostic and Pharmaceutical Limited, which received the $39.2 million to build the contentious hospital are said to be missing.
Harry told the Justice George Omereji-led commission of inquiry investigating the non-execution of the 15-storey Adolphus Karibi Whyte Specialist Hospital after the payment of $39.2 million (equivalent to N4.6 billion in 2008), to Clinotech, that besides some parts of prefabricated buildings littering around, containers and other equipment, there is nothing at the site of the proposed hospital to justify the huge amount the state government paid to the contractor.
According to him, the concept was for the hospital to provide world-class medical services in Port Harcourt. He said the estimated cost of the project was $98 million and based on this a memorandum of understanding and shareholders agreement were signed by the parties, which required that the state government would provide 40 percent of the funding, while Clinotech would provide 60 percent.
According to him, state government paid off its own 40 percent equity valued at $39.2 m (N4.6 billion) at the time to Clinotech, which in turn failed to contribute its own counterpart funding for the project.
Amaechi is seen in this video explaining how his learning on the job cost the people of Rivers state $39.2 million.
<a href="http://www.youtube.com/watch?v=1ZxCeF2kugM" target="_blank" class="aeva_link bbc_link new_win" rel="nofollow">http://www.youtube.com/watch?v=1ZxCeF2kugM</a>


Problem with this article? Please contact us


Starnixx at 12:08 PM, 3/08/2017 (2 years ago)
(1015 | Gistmaniac) (m)

safe it and tell your children story for the gods
Reply
tegonwa at 12:09 PM, 3/08/2017 (2 years ago)
(6591 | Gistmaniac) (m)

Haba, Dis Man Sabi Lie.Na So Im Come Talk Say Im No Like Money.And Na De Same Money Wey Im Say Im No Like Dey Come Defraud Am?Nawaa O!
Reply
ruthie at 12:11 PM, 3/08/2017 (2 years ago)
(17510 | Hero) (f)

LIAR....IF IT WERE TRUE SEF...ITS GOVT MONEY AND NOT YOURS! ALL THEIVES
Reply
freethinker at 12:46 PM, 3/08/2017 (2 years ago)
(5203 | Gistmaniac) (m)

SABOTEUR, HOW U TELL US HOW U GOT D MONEY?
Reply
Patrioti at 12:59 PM, 3/08/2017 (2 years ago)
(818 | Upcoming) (m)

Amaechi must pay back Rivers State this money from his loot.
Reply
HUMANresurce at 01:01 PM, 3/08/2017 (2 years ago)
(788 | Upcoming) (m)

NIGERIA IS A DEAD COUNTRY.. IMAGINE WHAT AN EX GOVERNOR IS SAYING IN THE PUBLIC.. WHERE DID HE GET THE MONEY FROM?Huh?Huh?Huh?Huh???
Reply
Bebold at 01:02 PM, 3/08/2017 (2 years ago)
(2256 | Gistmaniac) (m)

Quote from: ruthie on 12:11 PM,  3/08/2017
LIAR....IF IT WERE TRUE SEF...ITS GOVT MONEY AND NOT YOURS! ALL THEIVES


Your life is a mirage
Reply
christianity at 01:09 PM, 3/08/2017 (2 years ago)
(7363 | Gistmaniac) (m)

And u think that everyone in ph is a fool to believe this ur cook up story?even in that Canada no body awards contract paying cash when the work has not started.u sign a contract with company,and the company get paid gradually while the work is going on. Keep fooling gullible Nigerians.
Reply
kudoson at 01:31 PM, 3/08/2017 (2 years ago)
(588 | Upcoming) (f)

THAT SERVES YOU RIGHT, YOU STILL FRM GVT AND STILL FROM U. GOOD ONE
Reply
gogoman at 04:02 PM, 3/08/2017 (2 years ago)
(31866 | Addicted Hero) (m)

mmmmmm
Reply
james987 at 05:03 PM, 3/08/2017 (2 years ago)
(8406 | Hero) (m)

Breeze dun blow  foul yansh dun open..  who wan dupe ameachi the talkative? Your lies dey too transparent.. we fit see the other side of your lies.
Reply
CHRISETTE at 11:13 PM, 4/08/2017 (2 years ago)
(12888 | Hero) (f)

Why have efcc left this man
Reply

LATEST COMMENTS

  1. frekelomo on: Ibi Residents In Taraba State Call For The Release Of Billionaire Kidnapper, Wadume For His Kind
    By the special grace of God all of you lamenting the arrest of wadume and pleading for his release, ... 1 hr ago
  2. maxzy277 on: Jubril Of Sudan: IPOB Discloses What Its Members Will Do To President Buhari In Japan
    If the above claims is correct, then what concern Nigeria issue with biafra ;D ???... 1 hr ago
  3. Brave5500 on: 17 People Die In a Car Crash In Kwara State
    Whn all the roads r dead trap wat do u expect...  :( :o ::)... 2 hrs ago
  4. Brave5500 on: Complete List Of Names and Nick Names Of The 80 Nigerians Arrested For Fraud In USA
    Fake people with fake publish... ... 2 hrs ago
  5. Brave5500 on: US Firm Closes Down Its Branch In Nigeria Over Alleged Extortion From Staff
    Whn a country is run with old fake result forgers this is wat u get...... 2 hrs ago