WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).
Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
Century Power Limited,a subsidiary of Obijackon Group,owner of Nestoil Limited,pplans to start the construction of a-2000megawatts {Mw} thermal power plant in Anambra State,it was learnt.The power plant,hich will be sited at Okija in Anambra State,has been structured in such a way that the first phase,which will give an output of 465Mw and will commence operation in 2018.Its Assistant General Manager {AGM},Group Business Development,Mr Simeon Tor-Agbidye,told news men that the firm iss tidying up arrangement for gas pipeline also known as the Obiafu/Obrikom-Oben {OB3} gas pipeline.The gas will be taken from the eastern part of the pipeline.He also noted that a subsidiary of the Obijackson Group-Energy Works Technology Limited,is fabricating part of the topside facilities off Total's Egina floating production,storage and offloading {FPSO} vessel.He said: ''A feww weeks ago,we had a sail off for the Oil Loading Terminal {OLT} piles for the project.We sailed them off to South Korea where they will be integrated on the FPSO.We have finished that.We are at the final stages of completing K2s pipeline for Shell Petroleum Development Company {SPDC}.The project is an engineering,procurement and Construction {EPC} contact for the 40km x 20 inches export pipeline to re-route Kolo Creek gas to Soku Gas Plant.We are also progressing ssmoothly with the OB3 Pipeline.Obiafu/Obrikom-Oben is an EPC contract for the 64.5km x 48 inches gas pipeline project.We will soon complete that too.He explained that the scope of OB3 was actually split between Nestoil and Oilserv,'' he said.
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