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$747million loan will be swallowed in Tinubu’s coastal highway scam – Babachir
Because the Federal Government has the proclivity of spending loans sourced from foreign countries upfront before they hit the coffers in Nigeria, due to the monumental corruption running through the veins of its officials, the $747 facility obtained for the Lagos-Calabar Highway will soon grow wings.
This was the contention of Babachir Lawal former Secretary to the Government of the Federation (SGF), on Friday, as he weighed into the debate regarding the facility, said to have been obtained from Germany, which is already raising some dust/
A guest of Inside Source, a public affairs programme on Channels Television Lawal, a virulent critic of the Tinubu administration, who dismissed the project as a scam in the first place, said nothing would come out of it given the profile of the government.
Hear him: “If you ask me, what projects has this government implemented so far that are visible to Nigerians and have impacted their lives? I cannot see any. At least in northern Nigeria, where I am a frequent traveller, for example, I don’t see any road that they are constructing or rehabilitating. In the South-West, I don’t think there is any.
“They are still talking about the Lagos-Ibadan Expressway, which it appears every government talks about and votes money for, and it never goes anywhere. Their so-called coastal road is just a scam. Every Nigerian knows it is a scam. Even before they started, we knew it would be a scam, and it has become a scam.”
The former senior government official and chieftain of the All Progressives Congress (APC), who also cited the recent inauguration in May, of the first phase of the 30km, of the 750kilometre stretch, which stretches from Ahmadu Bello Way to Eleko Village Area in the Lekki Peninsula, he laughed off what he saw as a joke, wondering how a government would bring itself to engage in such a folly.
Hear him: “You borrow money from Europe, and before it comes, it is spent over there. So, I don’t understand. What can Nigerians see? It has become such that the President can go and commission 30 kilometres of a 700km road, which has even become a source of controversy. So, what are they doing with our money?”
The construction of the highway, which is estimated to cost ₦15 trillion, has attracted severe criticisms from opposition leaders such as former Vice President Atiku Abubakar, and Labour Party’s presidential candidate in the 2023 election, Peter Obi, among others.
Property owners whose structures were demolished for the road project have also protested against the government and are demanding adequate compensation from the Federal Government.
Despite the criticisms, the Tinubu administration has defended the project, saying it is a strategic investment that would stimulate the economy.
“When people stop the suspicion and digest the coastal road project very well, they will know it’s a catalyst for the growth of every state in this country,” Umahi said in December after a session with the Senate Committee on Works.
The echoes of the drums rolled out to celebrate the rescue of the 44 teachers and students, kidnapped from some schools in Oyo State, after 56 days in the bush, would surely be disrupted abruptly, with the divergent echoes of a fresh abduction, this time coming from Kogi State.
Reports indicate that the gunmen, struck on Tuesday at the Government Secondary School, Odo-Ekina, in Dekina Local Government Area of the state, abducting four students, the school principal and a National Examinations Council (NECO) ad hoc staff member.
Authorities of the Kogi State Police Command, who immediately unleashed their operatives in hot pursuit of the abductors, said the attack occurred at about 5:25 p.m. while the students were writing their NECO examination.
Saliu Oyiza Afusat, an Assistant Superintendent of Police (ASP) and spokesman of the command, said a combined team of police personnel and other security agencies has launched a search-and-rescue operation following the incident.
Informing that one of the students was actually rescued immediately, she said efforts were ongoing to secure the release of the remaining victims and apprehend the attackers, adding that Naziru Bello Kankarofi, the state Commissioner of Police, alongside the Brigade Commander and the State Security Adviser to the Governor, Commodore Jerry Omodara (Rtd), were already on the way to the scene for an on-the-spot assessment.
Oil prices are expected to go down now with the announcement of Donald Trump, US President that he will no longer impose a 20 percent “safe passage” fee on ships passing through the Strait of Hormuz.
The POTUS, hinged his reversal of the decision on the intervention from some Gulf countries, who pleaded with him not to toe the line due to the massive economic impact the decision would make on the region.
Indeed, oil prices had shot up immediately Trump announced the new levy on Monday while declaring the US ‘the guardians of the Hormuz strait,’ a measure which he said was to pay for the cost of guarding the volatile area in order keep supply of oil flowing.
Reports said that Gulf allies of the US worked frantically to get Trump on the phone in time to talk him out of the idea altogether, while a flurry of appeals came from Saudi Arabia, the United Arab Emirates, Bahrain and Qatar.
In response, the POTUS, posting on his Truth Social platform, wrote: “Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States.”
Trump, who said the investments would be “MASSIVE but, at the same time, extraordinarily good for them, and their future,” added that the deals would see factories, plants, and equipment pour into the US at “Historic levels.”
The Gulf nations have committed to invest trillions of dollars in the US, though it remains unclear how much of that they will actually spend over the next several years.
Meanwhile, the US continues to bomb Iran in what appears to be a resumption of active conflict between both countries, despite an ongoing roadmap to end the conflict.
Reports say operatives of the Osun State Police Command, and those of the Department of State Services (DSS) had tracking the trail of Adeniyi Adeyemi, controversial Director General of the Presidential Foreign Intervention Promotion Council (PFIPC), for weeks, before he was eventually pulled out of his hole on Tuesday.
However, the duo, were said to have pulled back after failing to track him through his mobile phones, which he had reportedly switched off for about two days, making it difficult to locate him, leaving the stage for the members of the Police Intelligence Response Team (PI-RT) led by Moses Lohor, a Chief Superintendent of Police (CSP).
Lohor, said to have previously served as the Commander of the Anti-Kidnapping Squad of Osun State, and reported to have been involved in high-profile security operations and controversies, after taken over fielded his men to pick up signals from their well-oiled signal networks.
Regarded by many Osun residents as one of the key security officers who contributed significantly to the peace and stability enjoyed in Ilesa and other parts of the state during his tenure, he was said to have relied on his contacts before his transfer out of the state, said to have raised concerns from the public about the security situation he would be leaving behind.
His exit from the state was said to be hinged on an incident in 2024, in which he allegedly shot one Iyanda Alowonle, then Chairman of Osun State Motor Transport System, in the stomach at the police station in the state prompting an order for his arrest by then Inspector General of Police (IGP).
His effort was said to have paid off when he successfully tracked down the controversial PFIPC, boss, who was seen on Tuesday evening, in a shot video on social media undergoing interrogation, and eventually handed him over to Ibrahim Gotan, Commissioner of Police in the state.
The PUNCH quoted one of the sources as saying: “The arrest (of Adeyemi) took place on Tuesday morning by the IRT squad, who immediately moved him to Abuja. After he was arrested, he was taken to Ibadan and from there to Abuja.”
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