Connect with us

News

Umahi Terminates Benin–Warri Road Contract, Seeks Refund

Published

on

The Minister of Works, David Umahi, has terminated the contract awarded to Levant Construction Limited over its failure to deliver on the Benin–Sapele–Warri road project.

The road, a major federal highway, is being reconstructed under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

Speaking in Abuja after a meeting with contractors handling various sections of the project, Umahi accused Levant of abandoning its section of the road despite multiple warnings and a final termination notice.

Advertisement

According to a statement signed by his media aide, Orji Uchenna, on Wednesday, the minister disclosed that despite intervention by the Edo State Government on the worst sections of the road, Levant failed to mobilise to its portion of the site, leaving critical areas unattended.

We even begged the Edo State Governor to fix the worst-hit parts while Levant handled the remaining. While the governor delivered on his 23km stretch for N35bn, Levant abandoned its section.

“They received multiple warning letters, including a final notice, but chose not to return to the site,” Umahi said.

Advertisement

READ ALSO: Drama As Woman Accuses Umahi Of Sexual Harassment, Unpaid Contract, Minister Threatens Legal Action

Umahi directed the Permanent Secretary to finalise the contract termination, initiate a joint measurement for completed works, and write to the company’s bank for the recovery of the Advance Payment Guarantee.

He warned that failure to refund the public funds could lead to prosecution by the Economic and Financial Crimes Commission.

Advertisement

In contrast to Levant’s performance, the minister praised Geld and SKECC for agreeing to return to the site following renegotiations.

He noted that a project review has been approved to accommodate inflationary pressures, including the rising cost of asphalt, now pegged at ₦30,000 per square metre from a previous ₦9,000.

“I’m pleased with Geld’s commitment. For their other job on the Lokoja-Abuja road, we’ve agreed to a price review. The same applies to the Itoki–Ikorodu road. We are happy to see movement again,” he said.

Advertisement

He also lauded the efforts of Delta State Governor, Sheriff Oborevwori, and Edo State Governor, Monday Okpebholo, for stepping in to fund critical sections of the federal road.

We are grateful. These governors are doing very beautiful work,” he said.

READ ALSO: 52% Of Ongoing Road Construction In Northern Nigeria – Umahi

Advertisement

Reacting to recent claims by some Northern groups accusing the Tinubu administration of favouring the South in road projects, Umahi described the allegations as “malicious and uncharitable”.

He stressed that project distribution under President Bola Tinubu’s Renewed Hope Agenda has been fair, inclusive, and based on inherited commitments and current needs.

In this ministry, we don’t count regions. We follow the President’s example—he inherited projects and chose to continue them irrespective of location,” Umahi said, citing the Abuja–Kaduna–Zaria–Kano road project as a case in point.

Advertisement

He noted that under the NNPC Tax Credit Scheme alone, Niger State accounts for 26 per cent of the project portfolio, while the South-West and South-East combined barely get 9 per cent.

In his detailed response, Umahi listed several ongoing projects in the North, including the Abuja–Kaduna–Zaria–Kano road (Sections I & III) worth N252bn, with 30 per cent already paid.

He said, “Section II of the same highway, 164km long, valued at N525bn, with another 30 per cent (N152bn) already disbursed. Sokoto–Zamfara–Katsina–Kaduna 750km road at N825bn, started under President Tinubu.

Advertisement

“There are Dangote-backed Tax Credit projects in Borno, including 49km in Bama and 52km in Dikwa. The N958bn dual carriageway project in Kebbi, with a second phase heading to FEC for approval. The 439km Akwanga–Jos–Bauchi–Gombe superhighway is being redesigned to a six-lane concrete pavement on Tinubu’s directive.”

READ ALSO: How Obaseki, Umahi’s Intervention Is Addressing Deplorable State Of Ekpoma – Abuja Federal Highway

He added that under the Renewed Hope legacy projects, the North is receiving 52 per cent of the investments, while the South gets 48 per cent.

Advertisement

On the controversial Lagos–Calabar Coastal Highway, Umahi said the project is not designed to favour any region, explaining that comparable investments are being made in the North with the same quality and cost standards.

“For instance, the Kebbi section alone, with just one carriageway, is costing about N958bn. When the second lane is approved, that’s nearly N2tn—comparable to Lagos-Calabar segments,” he said.

Addressing criticisms on the slow pace of work on the Eleme–Onnexis of the East–West Road, Umahi said the contractor, RCC, has since improved performance after initial issues. He clarified that asphalt work being done on a completed lane was to maintain traffic flow around flyover sections.

Advertisement

Let the critics go and verify. We’ve done one carriageway. Where asphalt is being reapplied, it’s around flyover intersections for smooth movement,” he said.

The minister reaffirmed his commitment to restoring public confidence in Nigeria’s road infrastructure, saying, “We want Nigerians to feel the impact of governance.

“President Tinubu is investing heavily in roads—North, South, East and West—because he understands the economy runs on infrastructure. I have never seen such a unique President.”
(PUNCH)

Advertisement

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

on

By

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Advertisement

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

Advertisement

Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

Advertisement

Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Advertisement

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

Advertisement
Continue Reading

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

on

By

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

Advertisement

READ ALSO:South Africa To Investigate ‘Mystery’ Of Planeload Of Palestinians

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

Advertisement

When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

READ ALSO:South African Ambassador Found Dead Outside Paris Hotel

We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

Advertisement

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.

Continue Reading

News

IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police

Published

on

By

The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.

Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.

Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.

Advertisement

READ ALSO:

All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”

On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.

Advertisement

“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”

 

Advertisement
Continue Reading

Trending

Exit mobile version