Presidential Panel Strips Senator Nwaoboshi Of His Properties In Warri, Asaba, Lagos
The Special Presidential Investigation Panel on the Recovery of Public Property has sealed off suspicious assets and property belonging to Senator Peter Nwaoboshi, located in Warri, Asaba in Delta State, and Lagos State.Some of the properties sealed by the Presidential Panel included: Summing Electrical Company located at Asagba along Asaba Airport Road, Asaba, Delta State; PON filling station along Asaba Airport Road, Asaba, Delta State, and a Multibillion Naira Estate under construction at Maryam Babangida Road, Asaba, Delta State.Others are: Cartage Cinema located at Okpana Road beside Rain Oil Petrol Station, Asaba, Delta State; Newbridge filling Station along Airport Road, Warri, Delta State and a house at No 8 Monu Olanrewaju Crescent, GRA, Asaba, Delta State.Senators Nwaoboshi’s properties sealed in Lagos are Guinea House, No 27, Marina Road, Apapa: A multi-billion building located at 41, Burma road, Apapa, Lagos.In Abuja, House No 25 6932 road, Adban Estate, Gwarimpa; and Plot 3011B Kuranakh Close, Maitama were sealed. Also, a number of plots of land were also sealed by the Panel.
The Panel carried out the action against the background of last week’s ruling of a Federal High Court sitting in Abuja which ordered an interim forfeiture of property belonging to Nwaoboshi, who represents Delta North senatorial district.
Ruling in suit no FHC/ABJ/CS/1127/18 filed by the Special Presidential Investigation Panel for the Recovery of Public Property on behalf of the Federal Government, Justice Taiwo O. Taiwo also placed a post-no-debit order on 22 bank accounts linked to Nwaoboshi.
The embattled lawmaker was recently referred to the Office of the Department of Public Prosecutions, Federal Ministry of Justice by the Special Presidential Investigation Panel led by Chief Okoi Obono-Obla for allegedly making false assets declaration in his Form CCB1 submitted to the Code of Conduct Bureau.
According to the ruling, 14 properties and 22 bank accounts linked to the senator are to be temporarily forfeited to the federal government.Aside sealing off the properties, the Panel also wrote to several banks including Zenith International Bank Plc ; United Bank of Africa ; Sterling Bank Plc and Access Bank Plc to block Senator Nwaoboshi from operating multiple accounts maintained by him in these banks pursuant to the Order of the Interim forfeiture given by the Court.
National Leader of the All Progressives Congress (APC), Asiwaju Tinubu and former APC Interim National Chairman, Chief Bisi Akande and Governor Oluwarotimi Akeredolu today, July 14, visited the leader of Afenifere, Pa Fasoranti over the killing of his daughter, Funke Olakunrin.
President Muhammadu Buhari has openly thanked the Nigerian Armed Forces and their allies for their prompt response to security threats abywhere in the country, even as he insisted that Nigeria is winning the war against terrorism.
As is usual with him, President Muhammadu Buhari could not hide his feeling about the set of ministers that formed his first term Federal Executive Council, with whom he was holding, mainly, weekly Executive Council meeting.
There’s a notorious programme currently going on called THE BIG BROTHER NAIJA. The winner of this notorious show is expected to walk away with a whopping N25 million and a breathtaking car. All that is required to win this show is to be Live with a bunch of fellow crazy, irresponsible people, do all sorts of immoral things, and, viola, you’re the winner.

The Truth About Lagos-Ibadan Railway Project, By Abdullahi Mohammed
In brief, it was falsely claimed that the ministry allegedly indulged in padding the cost of the Lagos to Ibadan railway project, comparing it with a non-existent contract in the Republic of Ghana. It is important to note that the Ghanaian government has since refuted that publication and has even written to those concerned, expressing its dissatisfaction with the satanic allegation. In fact, the government of that country went on to describe that concoction as “containing a lot of factual inaccuracies.” In other words, the project in Ghana which was used as a so-called yardstick is at best at conceptual stage and has neither a construction design nor final cost estimate.
Against this backdrop, it is essential to clarify the true facts and figures, at least to set the record straight and disabuse the general public’s mind of the misinformation and outright fiction being dished out with reckless abandon. First of all, it is imperative to state for the benefit of the general public that railway project costs do not depend solely on the length/distance between the terminal points but rely on various factors which include principally the terrain, core operation accessories and amenities designated for the train service.
What then is the actual cost of the innovative Lagos to Ibadan project? What is the breakdown of what the whole thing entails the process of the contracts, and associated benefits to the country? To start with, the project is segmented into Addendum 2 and 2A. Addendum 2 starts from Ebute Meta (Lagos) to Ibadan and was approved by the Federal Executive Council on July 18, 2012 after the issuance of Certificate of No Objection by the Bureau of Public Procurement (BPP) ref. no. BPP/S. 1/vol. VII/09/221 of January 14, 2010 at the cost of US$1,487,782,196.00 and addendum 2A that starts from Ebute Meta to Lagos Port complex, Apapa was approved by Federal Executive Council on November 30, 2016 after obtaining BPP No Objection ref. no. BPP/S. 1/vol. XII/16/053 of September 08, 2016 at the cost of US$94, 065, 175.00.
Thus the total contract sum of the whole segments 2 and 2A is US$1,581,847,371.00 contrary to the US$2billion being bandied all over the place. Furthermore, the total track length of the project is 386km (as against the 156km being alleged) which represents the distance between Ebute Meta (Lagos) and Ibadan terminal stations only. It is worth emphasizing that the Lagos to Ibadan project is a double track rail line. The cost index/km is US$4.09million/km as against the outrageous US$13.6million/km alleged.
Another significant fact which our investigation uncovered is that the aforementioned cost index per kilometer is not for the construction of rail track only. On the contrary, it consists of the following:
iii. Bridges (21 nos.) Railway bridges with overall length of 12.43km, 40nos. Vehicular overpasses (flyovers) and 27nos. pedestrian bridges)
vii. Power Supply: 33kv dedicated power supply from the national grid with 4 substations and 200km approximate length of distribution line;
viii. Signaling and Communication: Full automatic blocking system of train control and detection signaling with ten (10) units of digital despatch system and a central traffic control. The communication system is GSM-R;
From the above, even the blind can note the huge benefits that are in embedded in the project in fact, there are some other benefits which the country is gaining from the Railway contracts towards improving local content and capacity building in the sector. These are:
iii. Training of minimum of two hundred (200) youths in various degree courses in related field in Universities in China of which sixty (60) have commenced training since September 2018. These ancillary benefits are fully funded by the contractor.