Friday, May 15, 2026
10.7 C
New York

Master Thief Atiku Plugs In For Grand Looting Round 2 Through Fashola Under Buhari Government In $1bn ‘Illegal’ Award

  • Buhari administration plotting violation of Nigeria’s procurement law in award of $800million contract

by Samuel Ogundipe,

The Muhammadu Buhari administration is scheming to grant special but illegal concession to an American power distribution company for the rehabilitation of high-voltage transmission lines across the country, in a deal that could breach the country’s extant procurement provisions, PREMIUM TIMES can report.

This newspaper has obtained documents showing how bureaucrats and politicians are strategising to award the $800 million contract to CTC Global, an electric utility firm based in California.

Should the administration proceed with the contract in the manner being planned, the award would make an absolute mockery of the administration’s platitudes about fighting corruption, some administration insiders told PREMIUM TIMES.

Already, Abubakar Atiku, the managing director of Transmission Company of Nigeria, has forwarded a recommendation letter for the award of the contract to CTC Global to Tunde Fashola, the minister of works, power and housing.

After making effusive case for a blanket adoption of CTC Global, without any competitive bidding, Mr. Atiku urged the minister to “accept the initial proposal” and “provide” a contract letter to the firm.

In the letter, dated November 18, 2016, Mr. Atiku said the deal would see Nigeria’s existing 330KV and 132 KV power transmission cables upgraded from the current Aluminium Conductor Steel Reinforced (ACSRs) types to Aluminium Conductor Composite Core Conductors (ACCC).

The ACCC is an improved technology that has twice the capacity of the ACSRs and can easily be retrofitted on the existing lines, eliminating the hurdles of dismantling current cables to lay new ones, experts say.

But the modality being adopted for the award of the contract appears a contravention of federal laws on award of contracts which require open advertisement and competitive bidding for government jobs and supplies. Read full in PremiumTimes

Most Popular

Emperor Trump Considers Annexing Oil-Rich Venezuela as Part of US

U.S. President Donald Trump is "seriously considering" turning Venezuela – with its estimated $40 trillion in oil reserves – into a permanent part of the...

Bibi Blames Bot Propaganda, Promises to End Need for US Cash

Israeli Prime Minister Benjamin Netanyahu says he intends to wean Israel off American financial aid within a decade – and that the dramatic collapse in U.S....

Iran War Emptied US Missile Stocks, Senator Warns – Years to Replenish

The United States burned through so much of its missile inventory fighting Iran that replenishing the depleted stockpiles will take years – and could...

IDF Soldier Puts Cigarette in Virgin Mary Statue’s Mouth

A photograph showing an Israeli soldier placing a cigarette in the mouth of a Virgin Mary statue in southern Lebanon has triggered widespread outrage online....

Iran Warns UAE: Stop Aiding US-Israeli Aggressors

Iran's Foreign Ministry has issued a sharp public warning to the United Arab Emirates, calling on Abu Dhabi to halt cooperation with parties hostile to Tehran...

Recent

Emperor Trump Considers Annexing Oil-Rich Venezuela as Part of US

U.S. President Donald Trump is "seriously considering" turning Venezuela – with its estimated $40 trillion in oil reserves – into a permanent part of the...

Bibi Blames Bot Propaganda, Promises to End Need for US Cash

Israeli Prime Minister Benjamin Netanyahu says he intends to wean Israel off American financial aid within a decade – and that the dramatic collapse in U.S....

Iran War Emptied US Missile Stocks, Senator Warns – Years to Replenish

The United States burned through so much of its missile inventory fighting Iran that replenishing the depleted stockpiles will take years – and could...

IDF Soldier Puts Cigarette in Virgin Mary Statue’s Mouth

A photograph showing an Israeli soldier placing a cigarette in the mouth of a Virgin Mary statue in southern Lebanon has triggered widespread outrage online....

Iran Warns UAE: Stop Aiding US-Israeli Aggressors

Iran's Foreign Ministry has issued a sharp public warning to the United Arab Emirates, calling on Abu Dhabi to halt cooperation with parties hostile to Tehran...

Türkiye Unveils First ICBM, ‘No Hesitation’ to Use It

Türkiye has unveiled its first intercontinental ballistic missile, the Yildirimhan, which officials say will significantly extend the country's long-range...

ASUU Newly Found Terminologies

Africa ASUU Newly Found Terminologies By NewsRescue - November...

STEP 1: Buhari, Osinbajo Declare Assets

Africa STEP 1: Buhari, Osinbajo Declare Assets By NewsRescue - ...
spot_img

Related Articles

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Popular Categories

spot_img
0
Would love your thoughts, please comment.x
()
x