In a criminal court in Panama, the trial of the first batch of 27 individuals accused of money laundering related to the global “Panama Papers” revelations began on Monday, the 8th of April, 2024.
At number 68 on the list of exposed former top government officials in the Panama Papers is Atiku Abubakar, former Vice President of. Mossack Fonseca is accused by US federal prosecutors of plotting to break US laws to protect its clients’ riches and hide taxes that should have been paid to the IRS. Our concern, however, is the deliberate obfuscation that is unfortunately being clothed as grounds to traduce the economic and social basis of the commencement of the coastal road. Without a doubt, the Lagos-Calabar Coastal Highway, as it is also called, is a grand project. It is designed to connect nine states and regions at both the national and international levels, serving as a vital link between South West, South East, South-South, and other regions of the country.
According to Umahi, the road is to be built with 11 inch thick concrete and 20-millimetre reinforcement. The innovative use of concrete and steel reinforcement will improve local cement manufacturing and boost steel production from Ajaokuta. It will also take advantage of Nigeria’s abundant bitumen resources.
Be that as it may, because we subscribe to the totality of the social and economic essence of the Coastal Road and Rail projects, and desire to interrogate any form of obscuration by any of the parties involved in the public spat as it had turned out, with intent at resolving the contentious issues being bandied about, we decided to review real issues and sentiments around the project that is being controverted by Waziri Abubakar.
In averting his mind to it in a subsequent press release he issued in response to the Minister of Works reference to the section, he would, rather, the bid was opened to companies outside the country as he insists that: “It is wrong for him to have concluded that only Hitech could handle this project when such a project has been done by other reputable firms in the United States, China and South Africa.
With this array of friends, if the rule is not to award Federal Government contracts to an individual because of his link to people of influence, it will translate to Chagoury going hungry because of the nature of his coterie of friends.To establish Hitech’s fit into the capabilities to deliver on the coastal road contract, we made both discreet and open enquiries on the company’s credentials and contracts portfolio and records.
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