TI: Tinubu’s $13 Billion Lagos-Calabar Contract Inflated for Financial Gain, Not Public Interest


Transparency International has joined the growing outcry over the controversial $13 billion contract for the construction of the Lagos-Calabar coastal highway. Auwal Rafsanjani, the Nigerian head of the organization, described the contract as “inflated,” suggesting it was awarded for financial gain rather than public interest.

Thank you for reading this post, don't forget to subscribe!

Rafsanjani highlighted the lack of transparency in such projects as a major obstacle to improving accountability in Nigeria’s public sector. Last week, Nigeria’s federal cabinet approved the construction of the highway’s second section, a project awarded to Hitech Construction Company Ltd., owned by Gilbert Chagoury, a close associate of President Bola Tinubu. This approval has sparked significant political controversy.

The 700-kilometer (434-mile) highway, intended to link Lagos to Calabar, has faced scrutiny since its awarding in September. Hitech, known for previous large projects like Banana Island and Eko Atlantic, has faced criticism over its capability

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:



More like this

Health Crisis in Nigeria as Patients Struggle with Soaring Drug Costs

Lagos - The burden of exorbitant drug prices in...

Tobi Amusan Clinches Fourth National Title in Women’s 100m Hurdles at Trials

Tobi Amusan, the world record holder, reaffirmed her dominance...

Benin Court Issues Suspended Sentences to Nigeriens Amid Diplomatic Tensions

A court in Benin has handed down suspended 18-month...

Asari Dokubo Calls for Rivers State LG Chairmen to Respect Tenure Limits

Muhajid Asari Dokubo, leader of the Niger Delta Volunteer...
× How can I help you?