Nigeria: Government threatens to revoke contract
The Federal Government has threatened to revoke the N2.75 billion contract for the construction of the Oguta River Port, Osse-Motor in Aguta Local Government Areas of Imo State, following the inability of the contractor to effectively mobilise to site, nine months after the contract was awarded.
The Federal Government has threatened to revoke the N2.75 billion contract for the construction of the Oguta River Port, Osse-Motor in Aguta Local Government Areas of Imo State, following the inability of the contractor to effectively mobilise to site, nine months after the contract was awarded.
The contract was awarded in July 2009, to the Scott Amede Engineering and Power Supply Limited and its foreign partner, Zhunai Minghong Group Company, China at the total cost of N2. 743billion, with a completion period of 24 months.
However, the contractor has so far received an advance payment of N505.56million of the contract sum but is yet to make any impact except the clearing of a little portion within the project site.
Irked by this development, the Minister of Transport, Alhaji Ibrahim Bio, has issued a six week ultimatum to the contractor to fully mobilise to site, and that failure to do that, the contract would be terminated.
Copyright: Vanguard News Online