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

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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.

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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.

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