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Drama in N/Assembly as Construction Firm Accuses Lawmaker, Ministry of Works Officials of Inflating Road Project from N9 Billion to 54 Billion.

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…We will get to the root cause of road project failure in Nigeria – Hon. Kwamoti Bitrus Laori

There was a mild drama in National Assembly during an investigative public hearing when a construction company accused Hon. Tolulope Akande Sadipe and some officials of the Federal Ministry of Woks of hijacking an ongoing project and jacking up the price of the contract sum from N9.8 billion to N54.3 billion.

During the sitting of the House of Representatives Ad Hoc Committee investigating the alleged failure of construction and rehabilitation of Ijebu-Igbo Ita Ibadan Road, the Executive Director of DC Engineering Ltd, Engr. Ade Adedeji said the 41 KM road project was awarded to the company in 2018 at the sum of N9.8 Billion and the contract was supposed to be completed within two years but it took the Federal Ministry of Works 5 (five) years (2018 to 2023) before it was able to pay 15 percent mobilization fund of N1.3 billion.

He said the slow pace of the work was due to lack of release of fund. According to him, the 15 percent mobilization fees was paid in several installments until about few weeks a ago that the last installment of the 15 percent was paid.

Engr. Adedeji said his company has approached the Ministry of Works to review the contract sum from N9.8 Billion to at least N14 billion due to the high cost of materials, but the ministry of works refused. Adedeji said they were surprised to notice that the same ministry that refused to review the contract upward to at least N14 billion, re-awarded the same contract to AREATECH Construction Ltd at the sum of N54.3 billion without the termination of their contract.

The Director of Highways South, Federal Ministry of Works, Engr. Adedamola Kuti who represented the ministry in his presentation before the committee said the ministry has terminated the contract of DC Engineering since September 2022. He was however silence why they refused to review the contract sum upward to at least N14 Billion as requested by the DC Engineering but went ahead to re-award the same contract to another company, AREATECH Construction Ltd at the sum of N54 billion.

When asked to provide the details – letter of termination of contract with DC Engineering Ltd, certificate of no objection from the Bureau of Public Procurement (BPP) to AREATECH Construction Ltd and Federal Executive Council’s approval letter, he merely promised the probe panel that he will go and come back.

However, a letter from BPP dated May 10, 2023 and addressed to the Solicitor of DC Engineering and sighted by our correspondent cancelled the said certificate of no objection issued to AREATECH Construction Ltd on the ground that a contract cannot be re-awarded to another contractor without first terminating the initial contract. The BPP also urged the Federal Ministry of Works to collaborate with the DC Engineering Ltd for the contract review.

In the submission of the Solicitor, Tolu Babaleye & Co on behalf of the DC Engineering Ltd, the company alleged that the activities of Hon. Tolulope Akande Sadipe, a member representing Oluyole Federal Constituency of Oyo State have been frustrating the efforts of his client to execute the project.

“Our Client is also very much aware of the activities of Hon. Tolulope Akande Sadipe, a member representing Oluyole Federal Constituency whom our client informed us has turned to a torn in its flesh and who has been promoting AREATECH Construction Ltd as contractor to the Federal Ministry of Works and Housing for the contract to be re-awarded to the said company for a reason best known to her.

“This vexed issue is known to everyone in the ministry especially two particular directors working hand in hand with them and all attempts have been made to re-award the contract for the sum of 54.3 billion Naira from the initial contract of 9.8 billion Naira to AREATECH Construction Ltd whom we understand had signed an agreement with the ministry and had submitted advance payment guarantee from its bank.

“This is a big distraction to our client. Please note that our client wrote for an upward review of this contract sum to an amount far below 54.3 billion Naira but the request was ignored and yet some people in the ministry wanted to re-award the job to someone else for 54.3 billion Naira all in a desperate attempt to defraud the Federal Government of Nigeria.,” the Solicitor to DC Engineering Ltd said in statement submitted to ad hoc committee.

Responding to the allegation of Hon. Sadipe’s involvement in the contract, the Director of Highways South, Federal Ministry of Works, Engr. Adedamola Kuti denied having any deal with Sadipe but he admitted sending her a congratulatory message after she emerged victorious in the last general election.

Hon. Sadipe also denied having any relationship with the contractor, AREATECH Construction Ltd threatening law suit over allegation against her.

The Chairman of the Ad Hoc Committee, Hon. Kwamot Bitrus Laori said the committee is not witch-hunting anyone but to ensure they get to know the cause of failure of the road project and the way forward. He allayed the fear of the DC Engineering Ltd, that the company will not get justice from the probe panel since Sadipe is also a member of the parliament and a mover of the motion resulting to the setting up of the ad hoc committee.

Hon. Laori said though the committee was set up at instance of the Sadipe’s motion, she is not a member of the committee and she has been excluded from all the committee’s activities except her invitation to respond to allegations against her.

On Engr. Adedamola Kuti’s position that the contract of DC Engineering Ltd with Federal Ministry of Works has been terminated in September 2022 and that the company is owing the ministry, the committee was thrown into a confusion when the Executive Director of DC Engineering Ltd, Engr. Ade Adedeji said the ministry had just paid some amount of money to them about two weeks ago as part of 15 percent mobilization fees.

When Hon. Laori asked the host communities of the said project to clarify which company is now handling the project or whether no contractor is on site, the Chairman of Olojuoro Road, Joint Communities Forum, Oluyole LG, Oyo State said “We are not aware of any contractor on the site apart from DC Engineering Ltd. Their equipment as at July, 2023 were on the site doing ‘palliative work’. I called it palliative work because it is only the critical aspect of the job we wanted them to do they are doing because there is no fund according to them to do everything.”

Our correspondent learnt that the present Minister of Works, Senator David Umahi in a recent meeting with the contractors and some top officials of the ministry warned against sharp practices and shady deal. Umahi also allegedly told all the contractors to come forward with the certificate of no objection with the view of raising standard of the road project to a better and high quality one. Engr. Kuti also confirmed the meeting of Umahi with contractors and top official of the ministry but did not give any detail about it.

The representative of the Public Complaint Commission, Hon. Asuwaju Folawuyo Bello, (Commissioner Oyo State) blamed the mess of the Nigerian Roads on the activities of the ministry of works officials. Bello who said they have received several complaints over the said project, expressed dismay on how a project that supposed to be completed within 24 months (two years) will take Federal Ministry of Works five years to pay only 15 percent of the contract sum.

The ad hoc committee chairman, Laori directed the Federal Ministry of Works and all other relevant parties to submit the required documents to the committee secretariat before or on Monday 11 September, 2023.

The committee then adjourned sine die..

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Dogara Mourns Victims of Air Force Plane Crash, Condole President Tinubu, Military

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Former Speaker of the House of Representatives and Chairman of the Board of the National Credit Guarantee Company Limited (NCGC), Rt. Hon. Yakubu Dogara, CFR has expressed deep sorrow over the Nigerian Air Force aircraft crash that claimed the lives of 32 persons near Igbokoda, Ondo State. Dogara described the tragedy as a heartbreaking loss to the nation, noting that the deaths of the victims have left a painful void in the country’s defence and security community.

In a statement, the former Speaker extended his condolences to President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, the Nigerian Air Force, and the families of those who perished in the unfortunate incident.

He said the nation shares in the grief of the bereaved families and the Armed Forces at this time of immense sorrow, adding that the sacrifices of those who lost their lives in service to the country will not be forgotten. “The nation mourns with the families of the deceased and stands in solidarity with the Armed Forces during this difficult period,” Dogara stated.

He also commiserated with the Chief of Air Staff, officers and men of the Nigerian Air Force, praying that God grants them the fortitude to bear the painful loss.
According to him, moments such as this call for national unity, reflection and collective support for the families and institutions affected by the tragedy.

Dogara paid tribute to the victims, describing them as patriotic Nigerians whose commitment and service contributed to the security and stability of the nation. He further applauded the efforts of emergency responders, rescue teams and all personnel involved in the aftermath of the crash, commending their courage and professionalism under difficult circumstances.

The former Speaker prayed God to comfort their families, friends and colleagues.
He also offered prayers for the safety and protection of members of the Armed Forces and for continued peace, unity and progress in Nigeria.

The Nigerian Air Force aircraft crashed near Igbokoda, Ondo State, resulting in the death of 32 persons and plunging the nation into mourning. Authorities are yet to make public the cause of the accident as investigations continue.

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Centre for Credible Reforms Lauds Transparency in Ongoing Insurance Sector Reforms

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The Centre for Credible Reforms and Institutional Accountability (CCRIA) has commended the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin, for promoting transparency and accountability in the ongoing reforms of Nigeria’s insurance industry.

The centre said the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 had ushered in a new phase of development for the sector, with stronger regulatory standards, improved capitalisation and greater emphasis on protecting policyholders.

Dr Aminu Abubakar Aminu, president of the centre, said this in a statement at the weekend.

Aminu commended President Bola Tinubu and the National Assembly for the enactment of NIIRA, describing the legislation as a major step towards addressing longstanding challenges in the insurance industry.

“The enactment of the Nigerian Insurance Industry Reform Act is a significant milestone in the development of Nigeria’s insurance sector. We commend Mr President and the National Assembly for recognising the need to modernise the legal and regulatory framework governing the industry. NIIRA provides the foundation for an insurance sector that is better capitalised, more accountable, more responsive to policyholders and better equipped to contribute meaningfully to the Nigerian economy,” he said.

The centre also praised Omosehin for his leadership of NAICOM, saying his extensive experience as an insurance professional had positioned him to effectively implement the new regulatory framework.

“We consider the appointment of Mr Olusegun Ayo Omosehin as Commissioner for Insurance and Chief Executive Officer of NAICOM a timely and appropriate decision. He is a seasoned insurance professional with many years of experience in the industry, and his understanding of the sector gives him the practical knowledge required to lead an important reform process of this nature. We commend him for the direction he has provided since assuming office and for his commitment to strengthening the industry,” Aminu said.

According to the centre, the ongoing recapitalisation exercise was among the important steps taken to strengthen the financial capacity of insurance companies and improve their ability to meet obligations to policyholders.

Aminu said the reforms were already producing early gains and should be sustained through consistent implementation.

“The early developments under NIIRA demonstrate that the reform is not merely a legislative exercise but a process capable of producing measurable improvements in the industry. Stronger capital requirements, improved supervision and greater attention to policyholder protection will ultimately create an insurance market that Nigerians can trust. We encourage NAICOM to remain focused on the implementation of the Act and to continue providing clear guidance to operators and other stakeholders,” he said.

The centre noted that the reforms would also help deepen insurance penetration and strengthen the industry’s contribution to national economic development.

It urged insurance companies, brokers, reinsurers, professional bodies and other stakeholders to embrace the new framework and work with NAICOM to achieve the objectives of the legislation.

“The success of NIIRA will require the cooperation of every stakeholder in the insurance ecosystem. Operators must see the reforms as an opportunity to strengthen their institutions, improve their services and regain the confidence of Nigerians. A well-regulated insurance industry can mobilise long-term capital, protect businesses and households against risks and support investment and economic growth. These are benefits that go beyond the insurance industry itself,” Aminu said.

Aminu emphasized that the centre was particularly encouraged by the emphasis on policyholder protection under the new framework, noting that public confidence remained critical to the growth of insurance in Nigeria.

He said Nigerians should be able to purchase insurance products with confidence that operators had the financial capacity and institutional structures required to honour legitimate claims.

The president further urged NAICOM to sustain its engagement with stakeholders while ensuring that the provisions of NIIRA were implemented transparently and consistently.

“What is required at this stage is continuity, professionalism and commitment to the objectives of the law. The reforms must be sustained beyond the initial implementation period so that the gains can become permanent features of the industry. We believe NAICOM, under the leadership of Mr Ayo Omosehin, has an important responsibility to ensure that the momentum is maintained, and we encourage all stakeholders to support the commission in delivering on this mandate,” he said.

The centre said the successful implementation of NIIRA would strengthen confidence in the insurance sector, improve the protection available to policyholders and position the industry to play a greater role in Nigeria’s economic transformation.

It also called for continued collaboration between NAICOM, insurance operators and other stakeholders to ensure that the objectives of the new law were fully achieved.

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Hon. Amb. Jim Okolo Promotes Nigeria’s Vast Potential at New York Independence Day Celebration

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As Nigerians from across the United States gathered in Manhattan to celebrate Nigeria’s Independence Day in grand style, Hon. Amb. Jim Okolo used the occasion to share an inspiring message about Nigeria’s immense possibilities, rich cultural heritage, and promising future.
Speaking with members of the media during the colourful celebration, Hon. Amb. Okolo described Nigeria as one of the most blessed nations in the world, endowed with abundant natural resources, a dynamic population, and a cultural heritage that continues to earn global recognition.
According to him, Nigeria possesses enormous deposits of valuable minerals and other natural resources that, if fully harnessed, can accelerate economic growth and create prosperity for millions of citizens. He noted that the country is strategically positioned to become a leading destination for investment in mining, agriculture, technology, manufacturing, and infrastructure development.
Beyond its natural wealth, Hon. Amb. Okolo emphasized that Nigeria’s greatest strength remains its people. He praised the creativity, resilience, intelligence, and entrepreneurial spirit of Nigerians, pointing out that Nigerian professionals, innovators, academics, and business leaders continue to excel in various sectors across the world.
The respected diplomat also spoke passionately about Nigeria’s unique cultural identity. From the colourful festivals of its diverse ethnic groups to its globally celebrated music, fashion, literature, cuisine, and film industry, he described Nigeria as a nation whose cultural influence extends far beyond its borders.
He noted that Nigeria’s diversity is one of its greatest treasures, bringing together hundreds of ethnic nationalities with distinct traditions and languages that collectively form a vibrant and unified national identity.
While addressing questions on security, Hon. Amb. Okolo maintained that although Nigeria faces certain security challenges, the situation is not always as severe as often portrayed by social media discussions and sections of the international media. He stressed that millions of Nigerians continue to live, work, study, invest, and contribute meaningfully to society every day.
He called on the international community, investors, and members of the diaspora to focus on Nigeria’s strengths, opportunities, and achievements rather than allowing negative narratives to define the country’s image.
“Nigeria remains a land of opportunity, innovation, and hope. It is a nation blessed with extraordinary human capital, abundant resources, a rich cultural heritage, and a people whose determination and resilience continue to inspire the world,” he said.
The celebration was attended by several distinguished personalities, including the United Nations Secretary-General, Hajia Amina Mohammed, the Nigerian Ambassador to the United Nations, diplomats, business leaders, community stakeholders, and prominent members of the Nigerian diaspora.
The event transformed parts of Manhattan into a vibrant showcase of Nigerian pride, featuring cultural exhibitions, traditional performances, business networking sessions, authentic Nigerian cuisine, and displays highlighting the country’s achievements and diversity.
Adding excitement to the festivities were thrilling performances by internationally acclaimed Nigerian music stars Patoranking, Runtown, and BNXN (formerly known as Buju), who entertained thousands of attendees and demonstrated the growing global appeal of Nigerian music.
As the celebration came to a close, the message from Hon. Amb. Jim Okolo resonated strongly among participants: that Nigeria is far more than the challenges often highlighted in headlines. It is a nation blessed with extraordinary talent, vast opportunities, cultural richness, and the potential to achieve even greater success on the global stage.

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