• Reps uncover 169 ghost companies on N1trn rail contracts

    Reps uncover 169 ghost companies on N1trn rail contracts

    Newsmen gathered that the House of Representatives Ad Hoc Committee on Failed Rail Contracts, yesterday, unearthed 169 ghost companies that registered as contractors with the Nigeria Railway Corporation, NRC, for projects valued at N1 trillion.

    The ad hoc committee raised the alarm during the investigative hearing at the National Assembly, that none of the 169 companies invited by the committee had shown up.

    Chairman of the committee, Johnson Agbonnayinman, (Ikpoba/Okha federal constituency), said the need to invite the contractors was important, but lamented […]