Connect with us

News

Wike hails Julius Berger as numeruno in engineering construction company

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Minister of the Federal Capital Territory, Nyesom Ezenwo Wike has praised top-notch engineering construction company, Julius Berger Nigeria Plc for its quality and timely delivery on assigned projects declaring that the company remains the best in the country’s engineering construction sector.

Speaking at the official flag-off ceremony of the development of Arterial Road N5

(Obafemi Awolowo Way) from Life Camp Junction to Ring Road 111 in the Federal Capital city Friday, the minister traced his relationship with Julius Berger right from his days as Rivers State governor, and declared; that’s why I have always said I enjoyed the best, that is why I always go to Julius Berger to do construction work for us because I know they are the best whether everybody likes it or not.

The road is approximately 4.4 km inclusive of box culverts, one river bridge and the junction at N3/N30 to be delivered within 18 months construction time.

Advertisement

According to Wike, he had never been to the part of the FCT where the project was flagged off. However, he revealed that from the several messages he had received on the state of the road in the area and given what he later saw on ground, the need to rework the road was not in doubt.

As a minister I have never been to this part. I thought the junction they were talking about was Life Camp; that is the other one you take going to our official residences. No wonder every time I get text messages asking when we will do this Life Camp route. The text messages were always saying, the traffic is chaotic; and seeing the number of persons who are around today, tells you this neighbourhood is heavily populated, and that is why we thank God Almighty that we are starting this road and giving it to the constructions giant Julius Berger, Wike said.

The minister was not done as he recalled how the need for his administration as state governor in Rivers state gingered him to amend critical procurement policies to accommodate the quality services of Julius Berger.

He continued, let me tell you, one company that made me to move from amendment to procurement law in Rivers state was Julius Berger. How? When I knew that the law permitted 15 to 30 percent up for the variation fee, I realised there would be a problem; and that problem would be, by the time the 15 to 30 percent is paid and another milestone to variation certificate is being submitted, we may not have the money to pay. All I did was to seek the support of the State’s House of Assembly to amend the Procurement Law to allow the Executive Council to pay up to 70% if they believe that the firm or company is competent to carry out the job without running away. And I know Julius Berger is on ground. If you go to where they are living you will know that they will never live this country again. So, we amended the laws. And I could say that in every job that I did with Julius Berger then, we paid 70% upfront; that was how we were able to do 12 flyovers in four years.

Advertisement

The minister disclosed that his foregoing revelation was on purpose, to tell most of the National Assembly members among others that, part of our predicament and that our major headache is the Procurement Law. The law we know is to protect and make sure our money is safe; but again, if you look at it, it brings us backward. That is why in most cases you put procurement for almost four months before it is approved; before it goes to the Federal Executive Council and before you know it, six months have gone; six months for procurement alone; that is half of the year already.

Thanking the FCT Administration, FCTA for the contract award, the Managing Director of Julious Berger Nigeria Plc, Engr Dr Peer Lubasch said, on behalf of the entire management and Board of Directors of Julius Berger, I thank you for your trust and for giving our company the opportunity to deliver on these projects

Lubasch said that the contract stands on the long-lasting relationship the company has with the FCT Administration, the company’s partner for progress, even as he commended the FCTA for its vision and foresight in its true investment in infrastructure for progress and we are honoured to be the chosen partners for the realisation of this vision

Lubasch assured the administration and people of the FCT of quality and timely delivery on the project.

Advertisement

The representative of the Senate President and Senator of the Federal Republic, Ibrahim Bomai later flagged off the road construction thanking the FCT administration of Wike and the construction company.

At the event to witness the flagoff, were the Senate President, Godswill Akpabio represented by Senator Ibrahim Bomai, Minister of State for the FCT, Mariya Mahmoud Bunkure, Senator George Skibo; House of Representatives member representing Gwagwalada, Kuje, Kwali, Abaji FCT, Abdul Rahman Ajiya among others.

Team Julius Berger at the flag-off included the outgoing Managing Director, Engr Dr Lars Richter, Head Corporate Communications Department, James Agama and Happiness Moses of the Media Relations Department

Advertisement
Continue Reading
Advertisement
Click to comment

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49

You must be logged in to post a comment Login

Leave a Reply

News

Large quantity of opioids intercepted in Taraba as NDLEA nabs 75-year-old in Ebonyi(Photos)

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

. Arrests four notorious female dealers in sweeps across Edo, Imo, Kano, Gombe

Large consignments of various opioids and illicit substances concealed in building materials have been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) in a relentless nationwide offensive against drug cartels leading to the arrest of a 75-year-old grandpa in Ebonyi, and four notorious female drug dealers in Edo, Imo, Kano, and Gombe states.

A major blow was dealt to opioid trafficking networks in Taraba state on Saturday 6th June 2026 following credible intelligence which led to the interception of a truck conveying building materials from Onitsha, Anambra state to Jalingo. A thorough search of the vehicle by NDLEA operatives at the Nukkai Timber Shade, Jalingo, led to the discovery of a massive drug stash concealed beneath the cargo, while a 22-year-old suspect, Buhari Abdullahi, was promptly arrested.
Recovered from the truck include: 320,840 capsules of tramadol; 600 ampoules of pentazocine injection; 4,500 pills of rohypnol; and 299 bottles of codeine-based cough syrup.

Demonstrating that age is no barrier to the enforcement of the law, NDLEA operatives in Ebonyi State tracked down and arrested a 75-year-old grandpa, Okebe Samuel, at Okposi. The septuagenarian was found in possession of 300 grams of skunk, which he sells in retail sachets to the youth in his community.

In Imo state, NDLEA officers successfully raided a known drug enclave at Umulolo, Orlu. The raid resulted in the arrest of a notorious female dealer, 32-year-old Chioma Okeke, and the recovery of 8 kilograms of skunk.
Meanwhile, in Edo state, an intense sweep of notorious drug hotspots within Benin City by NDLEA operatives on Tuesday, 2nd June 2026, yielded the arrest of four key traffickers, including three females.

At Uyosa, Benin City, two female suspects, Chioma Igba (24) and Precious Ozomah (22), were nabbed with a cocktail of illicit substances including 176 grams of skunk, 65 grams of Loud, and 5 grams of Methamphetamine. Along Agbor road in Benin City, another female suspect, 21-year-old Anita Abraham, was apprehended with 95 grams of Scottish Loud and 329 grams of regular Loud. At Upper Mission, Benin City, a male suspect, Henry Okey (43), was arrested with a diverse cache of psychotropic substances consisting of Loud, Colorado, Swinol, and Methamphetamine.
A swift operation by operatives in Kano State on Thursday, 4th June 2026, led to the arrest of a 19-year-old suspect, Saifullahi Lawan at the Kafi area of Madobi, with 40 blocks of skunk weighing a total of 38 kilograms.

In a related development, operatives in Gombe State on Monday, 1st June intercepted 28-year-old Ugwu Sabastine Ifebuchi near the Dantiti Plaza in the Tumfure area of Gombe. The suspect was caught with 15,000 capsules of tramadol.
The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands and formations equally continued across the country in the past week.

Some of them include: WADA sensitization lecture delivered to students and staff of Holiness Foundation Primary School, Saki, Oyo state; Dorras High School, Ibeju Lekki, Lagos; Ado Girls Secondary School, Onitsha, Anambra; and Army Day Secondary School, Kano state; among others.
Reacting to the string of successful operations, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) commended the officers, men and women of the Taraba, Ebonyi, Imo, Edo, Kano, and Gombe commands for their resilience and vigilance. He also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts. He re-emphasized that the agency remains fully committed to dismantling drug supply chains and will continue to target traffickers regardless of age, gender, or concealment methods.

Continue Reading

News

Real reason why we banned night vigils – MFM

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Mountain of Fire and Miracles Ministries (MFM) has placed an indefinite ban on overnight vigils and ordered all church programmes to end by 8 p.m. daily, citing rising security concerns nationwide.

The new directive was contained in a circular dated June 5, 2026, sent to Regional Overseers and branch pastors. It takes effect immediately.

According to the memo, all services, meetings, and programmes at every level of the church must now close by 8 p.m. “for the foreseeable future.” Overnight vigils and late-night prayer meetings have been suspended indefinitely.

Where such gatherings are considered necessary, leaders are to restructure them into evening prayer sessions that must still wrap up by 8 p.m. at the latest.

Advertisement

The circular was signed by Temitope A. Olawale, Director of Administration at MFM International Headquarters and Nigeria. He said the decision is a safety measure based on the current state of security in the country.

“The directives are purely precautionary and aimed at safeguarding the lives and well-being of our members in the face of the current security situation in the country,” the statement read.

MFM is known for its marathon prayer sessions and overnight programmes. The new rule marks a major shift for the church as insecurity continues to impact religious gatherings across Nigeria.

Advertisement
Continue Reading

News

CBN Imposes N100M Penalty On Inadequate Processing Of Forex Documents

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Central Bank of Nigeria (CBN) has introduced stricter sanctions for banks that process foreign exchange transactions without proper documentation, imposing penalties that could run into hundreds of millions of naira.

Under the revised foreign exchange regulatory framework, authorised dealer banks found to have completed forex transactions with insufficient supporting documents will pay a N100 million fine. They will also incur an additional N10 million penalty for each affected transaction.

The sanctions are contained in the fourth edition of the Foreign Exchange Manual released by the apex bank. The document serves as the operational guide for participants in Nigeria’s foreign exchange market.

According to the CBN, the updated manual is designed to strengthen regulatory compliance, improve transparency and reinforce confidence in the country’s foreign exchange system.

Advertisement

The regulator classified the offence as the execution of foreign exchange transactions without adequate documentation. It stated that any authorised dealer found culpable would be liable to the prescribed penalties.

The revised guidelines place greater emphasis on documentation requirements for all categories of foreign exchange transactions. These include spot transactions, forward contracts, swap arrangements, imports and export-related dealings.

Banks are now required to obtain, verify and retain all relevant supporting documents before foreign currency can be released to customers. Similar requirements apply to forward and swap transactions, where evidence of the underlying trade or obligation must be available before settlement.

The manual also retains existing documentation requirements for imports. Importers are expected to provide Form M, invoices, certificates of origin, packing lists and shipping documents, among other mandatory records.

Advertisement

In addition, importers must submit Exchange Control Documents within 90 days after negotiating shipping documents through overseas correspondent banks.

Failure to comply with the documentation requirements attracts progressively stiffer sanctions.

A first violation will result in a 90-day suspension from foreign exchange transactions. A second offence carries a 180-day restriction, while a third attracts a one-year suspension.

The CBN warned that a fourth violation could lead to a complete prohibition from participating in foreign exchange transactions.

Advertisement

Banks that fail to report cases of default to the regulator will also face sanctions under the new framework.

The apex bank further tightened reporting obligations for authorised dealers. Institutions that fail to submit required daily or monthly returns will be fined N500,000 for late submission.

Where returns are not rendered at all, the offending institution will pay a minimum penalty of N5 million. An additional N500,000 daily fine will apply until the breach is corrected.

The revised manual also strengthens oversight of banks’ foreign currency exposure levels.

Advertisement

Financial institutions that exceed approved Net Open Position limits will receive a warning for the first offence. A second violation will attract a 10-working-day suspension from the Nigerian Foreign Exchange Market.

A third breach will result in a 90-day suspension from market activities.

The CBN also imposed sanctions on unauthorised reallocation of foreign exchange funds. Any bank found engaging in such practices will pay N10 million for each transaction involved.

Beyond the monetary penalty, affected institutions may be referred to the Bankers’ Committee ethics framework for further disciplinary action.

Advertisement

The central bank said the new measures form part of ongoing efforts to deepen transparency, promote market discipline and establish a more rules-based foreign exchange regime.

According to the regulator, stronger compliance standards and stricter enforcement will help improve market integrity, reduce abuses and enhance investor confidence in Nigeria’s foreign exchange market.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News