Thursday, June 4, 2026
24.5 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

Iran Drones Reach UAE Reactor – Trump Hits Pause as GCC Begs

President Donald Trump has postponed a planned Tuesday strike on Iran after the rulers of Saudi Arabia, Qatar, and the United Arab Emirates personally appealed...

Trump: Removing Iran’s Uranium is “Mostly PR”

U.S. President Donald Trump has publicly downgraded the urgency of recovering the 400 kg of 60%-enriched uranium still buried under the rubble of Iran's bombed...

US and Israel Prepping New Attack on Iran as Soon as Next Week – NYT

The United States and Israel are actively preparing for a renewed military assault on Iran, with strikes possible as early as next week, according to a New...

Trump, Tinubu Claim Killing of Top ISIS Terrorist Nigeria Already Said It Killed in 2024

U.S. President Donald Trump announced overnight that American special forces, working alongside the Armed Forces of Nigeria, had eliminated Abu-Bilal al-Minuki...

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...

Recent

Iran Drones Reach UAE Reactor – Trump Hits Pause as GCC Begs

President Donald Trump has postponed a planned Tuesday strike on Iran after the rulers of Saudi Arabia, Qatar, and the United Arab Emirates personally appealed...

Trump: Removing Iran’s Uranium is “Mostly PR”

U.S. President Donald Trump has publicly downgraded the urgency of recovering the 400 kg of 60%-enriched uranium still buried under the rubble of Iran's bombed...

US and Israel Prepping New Attack on Iran as Soon as Next Week – NYT

The United States and Israel are actively preparing for a renewed military assault on Iran, with strikes possible as early as next week, according to a New...

Trump, Tinubu Claim Killing of Top ISIS Terrorist Nigeria Already Said It Killed in 2024

U.S. President Donald Trump announced overnight that American special forces, working alongside the Armed Forces of Nigeria, had eliminated Abu-Bilal al-Minuki...

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....
spot_img

Related Articles

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

Popular Categories

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