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Wednesday 16 April 2014

EXPOSED! The Multi-Billion Road Contracts That Sank Ogun State...... Who Got What


How the Governor of Ogun State,Senator Ibikunle Amosu Mortgage  the future of the State with Debts. This will shock you!

Project: Sagamu/Benin Express Junction/Oba Erinwole Road
Contractor: P.W Nigeria Limited
Contract Sum: N8,046,000,000.00
Amount Paid: N4,500,000,000.00
Outstanding Balance: N3,546,000,000.00

Project: Ilara/Ijohun/Ilase Road
Contractor: P.W Nigeria Limited
Contract Sum: N13,500,000,000.00
Amount Paid: N2,500,000,000.00
Outstanding Balance: N11,000,000,000.00

Project: Ejirin-Oluwalogbon Junction
Contractor: P.W Nigeria Limited
Contract Sum: N6,698,490,827.58
Amount Paid: N2,000,000,000.00
Outstanding Balance: N4,698,490,827.28

Project: Ilo Awela Road
Contractor: CCECC
Contract Sum: N4,946,069,512.58
Amount Paid: N2,000,000,000.00
Outstanding Balance: N2,946,069,512.58

Project: OGTV brewery Junction Road
Contractor: CCECC
Contract Sum: N13,886,000,000.00
Amount Paid: N4,500,000,000.00
Outstanding Balance: N9,386,000,000.00

Project: Lafenwa Aiyetoro Road
Contractor: CCECC
Contract Sum: N6,500,000,000.00
Amount Paid: N1,000,000,000.00
Outstanding Balance: N5,500,000,000.00

Project: Ojere-Adatan Roundabout
Contractor: CCECC
Contract Sum: N7,832,704,250.00
Amount Paid: N2,400,000,000.00
Outstanding Balance: N5,432,704,250.00

Project: Ikangba/Ilese Road
Contractor: P.W Nigeria Limited
Contract Sum: N12,000,000,000.00
Amount Paid: N0.00
Outstanding Balance: N12,000,000,000.00

Project: Abeokuta-Sagamu Road
Contractor: CCECC
Contract Sum: N60,000,000,000.00
Amount Paid: N0.00
Outstanding Balance: N60,000,000,000.00

Project: Mowe-Ofada-Ibafon Road
Contractor: CSCC
Contract Sum: N13,250,000,000.00
Amount Paid: N1,500,000,000.00
Outstanding Balance: N11,750,000,000.00

Project: Sango/Ijoko/Ojodu-Abiodun Road
Contractor: CSCC
Contract Sum: N34,982,553,167.40
Amount Paid: N2,000,000,000.00
Outstanding Balance: N32,982,553,167.40

Project: Moshood Abiola Way
Contractor: Hi-Tech
Contract Sum: N5,950,000,000.00
Amount Paid: N2,000,000,000.00
Outstanding Balance: N3,950,000,000.00

Project: Papa/Ilaro Road
Contractor: Hi-Tech/CSCC
Contract Sum: N12,852,560,509.49
Amount Paid: N0.00
Outstanding Balance: N12,852,560,509.49

Project: Ilishan/Ago-Iwoye Road
Contractor: Borini Prono
Contract Sum: N7,321,970,000.00
Amount Paid: N2,000,000,000.00
Outstanding Balance: N5,321,970,000.00

Project: Magboro Under Pass Road
Contractor: First August
Contract Sum: N3,321,970,000.00
Project: Moshood Abiola Way/Muda Lawal Stadium Road
Contractor: First August
Contract Sum: N686,482,500.00
Amount Paid (For both contacts) : N436,500,000.00
Outstanding Balance (For both contracts): N3,404,427,925.00

Project: Ijebu Igbo Township Road
Contractor: Borini Prono
Contract Sum: N7,900,000,000.00
Amount Paid: N0.00
Outstanding Balance: N7,900,000,000.00

Project: Fly Over-Bridge @ Lagos Garage
Contractor: Kepxing
Contract Sum: N1,389,655,120.00
Amount Paid: N1,194,827,560.00
Outstanding Balance: N194,827,560.00

Project: Fly-Over Bridge @ Mobalufon
Contractor: Kepxing
Contract Sum: N1,389,655,120.00
Amount Paid: N1,194,827,560.00
Outstanding Balance: N194,827,560.00

Project: Bridge Over Yakoyo River
Contractor: Kepxing
Contract Sum: N3,164,447,582.10
Amount Paid: N510,344,880.00
Outstanding Balance: N2,654,102,702.10

Project: Bridge Over Abule Ekun River
Contractor: Veapo
Contract Sum: N3,863,640,028.50
Amount Paid: N500,000,000.00
Outstanding Balance: N3,363,640,028.00

Project: Moriamo Olorombo Road
Contractor: SKTOBS
Contract Amount: N146,000,000.00
Amount Paid: N20,000,000.00
Outstanding Balance: N126,000,000.00

Project: Somorin/Ajebo Road
Contractor: Zebra Gold
Contract Amount: N3,610,550,000.00
Amount Paid: N0.00
Outstanding Balance: N3,610,550,000.00

Total Sum of Contract – N233,762,706,542.35
Total Amount Paid as @ 31st December 2013 –n N30,256,500,000.00

Total Outstanding Balance owed Contractors as @ 31st December 2013 – N203,506,206,542.35 (Two Hundred & Three Billion, Five Hundred & Six Million, Two Hundred & Six thousand, Five Hundred & Forty Two Naira, Thirty Five Kobo ONLY)
Already,a group is putting finishing touches towards sending a petition to the Economic And Financial Crimes Commission. 

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