Stella Dimoko Korkus.com: Senate Begins Probe Of Amaechi Over $2bn Rail Lines Concession

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Wednesday, 9 November 2016

Senate Begins Probe Of Amaechi Over $2bn Rail Lines Concession

The Senate has began the probe of the Minister of Transportation, Rotimi Amaechi over the concession of western (Lagos-Kano) and Eastern (Port Harcourt – Maiduguri) rail lines to General Electric company, based in the United States (US).


This follows the adoption of a motion sponsored by Senator Albert Akpan (PDP, Akwa-Ibom Northeast) on the concession of rail lines with a potential of $2billion.

Akpan told the Senate that the Bureau of Public Enterprises (BPE), and the Nigeria Infrastructure Advisory Facility (NAIF) upon the approval of the National Council on Privatization (NPC) in April 2015, developed a roadmap for the concessioning of the rail lines.

He said the BPE had already engaged the Global Infrastructure Facility (GIF) and the World Bank in discussions on accessing funding for transactions Advisers, while the Ministry of Transport had formally appointed Africa Finance Corporation (AFC) and Greenwich as financial Advisers for the same purpose.

He said in August, this year, the Vice President, Professor Yemi Osinbajo inaugurated the steering and Technical committee in line with the provision of section 11(k) of the Public Enterprises (Privatisation and Commercialisation) Act 1999 to fast track the process of the concession of the rail lines.


“It is the responsibility of the steering and technical committees of the NPC inaugurated by the Vice president in August 2016 to negotiate with potential bidders for this concession, how then did the Ministry of Transport engage General Electric Company as far back as June, 2016,” he said.

He said the Ministry of Transport had violated the provisions of the Public Enterprises (Privatization and Commercialization) Act, 1999 by unilaterally engaging the General Electric (GE) for the concession.


The Deputy Senate President, Ike Ekweremadu, who presided over the plenary, mandated the Senate Committees on Privatization, Land Transport, Finance, Special Duties, Trade and Investment, Judiciary and Anti-Corruption and Financial Crimes to investigate the procedure adopted in the engagement of General Electric for the concession.
dailypost.com.ng reportage

25 comments:

  1. Yesoooo
    Probe him and nobody should escape


    Missylynn

    ReplyDelete
  2. Until Ameachi is jailed. ...I don't believe this!

    ReplyDelete
  3. I like this BUT nothing will come of it since he is still under Vuharia immunity!...

    ReplyDelete
    Replies
    1. Ha!!! It's Stella's boo oh. Stella is going to save him

      Delete
  4. Amaechis time is coming.. Not now. A time will come it will be from one court house to another.

    ReplyDelete
  5. Amaechis time is coming.. Not now. A time will come it will be from one court house to another

    ReplyDelete
  6. Av been cryin since last nyt after le boo accused me of datin my church guy,which is a lie av tld him we r (bff) dt word jst added 2 d problem,dt i said i cnt do witout him dt is over,am hurt am lackin words 2 tel him.

    ReplyDelete
    Replies
    1. Ur boo never loved u, guy man has been looking for a way to end d relationship so move on, moral lesson, don't ever date one guy.

      Delete
  7. They are wasting their time. They should leave Amaechi alone biko

    ReplyDelete
  8. Playing politics with the future of Nigerians. They want to kill the rail project.Really?

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  9. D looking for what to do d man is clean and clear

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  10. A welcome idea for no matter the gravity of the war against corruption without checks and balanced up and down, side ways there won't an end.

    ReplyDelete
  11. Anon 7:50 How can you keep a guy as bff? If your man does that will u like it? I bet you guys are fucking if not now later. Nonsense

    ReplyDelete
    Replies
    1. I have a friend that has been my bff right from secondary school days till now. Infact he knows a lot about me than anybody, I can open up to him but I have never in my weirdest dream imagine kissing him, tufiakwa! He is like a big brother to me. The relationship is the only true one I know. I have been married for 12yrs now so do the calculation yourself. Finished uni before getting married.

      Delete

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