Group Calls On FG To Probe Corrupt Activities of Foreign Country in Nigeria
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Group Calls On FG To Probe Corrupt Activities of Foreign Country in Nigeria
A group of young professionals have raised an alarm over what it describes as colossal attempt by foreign companies with the intent to instigate massive corruption and further undermine existing local content laws in Nigeria through what the group termed contract manipulation and advanced form of bribery.
Addressing a Press Conference in Abuja, Moses Siloko, Chairman, Nigerian Young Professionals Forum, NYPF, alleged that in June 2013, NNPC/Total awarded the contract for the EPC to build $3.8Billion Egina FPSO to Samsung Heavy Industries despite the fact that Hyundai Heavy Industries was recommended by Total for the project and was lowest bidder.
The group further alleged that since the award of the contract to Samsung, the company has collected hundreds of millions of variations of 20% of Contract value, with no local content in it, also added that Samsung Heavy Industries current attempt to advocate for a new variation will be stopped.
It would be recalled that the Senate Adhoc committee on local content had commenced a probe into the local elements and cost variations related to the $16 billion Egina Oil Field project and two related Bonga South-west and Zabzaba projects.
The Adhoc-Committee chaired by Sen Solomon Olamilekan had called for a value for money audit of the $16bn Egina FPSO vessel contract.
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