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169 ghost companies uncovered on N1trn rail contracts

04 February 2016, 20:25

Abuja - The House of Representatives has uncovered 169 ghost companies that registered as contractors with the Nigeria Railway Corporation, NRC, for projects valued at N1 trillion.

The ad-hoc committee on Failed Rail Contracts made the disclosure on Wednesday during the investigative hearing at the National Assembly.

Also read: House summons Amaechi, others over N1trn rail contracts scam

Chairman of the committee, Johnson Agbonnayinman, (Ikpoba/Okha federal constituency), lamented the difficulty in getting the companies to the panel of hearing.

He said out of the 169 companies, only the China Civil Engineering Construction Corporation, CCECC, has responded to the committee’s letter of invitation.

The committee last week summoned Minister of Transport, Rotimi Amaechi; Managing Director of Nigeria Railway Corporation, NRC, Seyi Sijuwade; former Chairman of Peoples Democratic Party, PDP, Dr Mohammed Bello Haliru; and former Minister of Transport, Idris Umar, over the alleged N1 trillion rail contracts scam.

Read more at Vanguard

- News 24

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