• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Sunday, May 10, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

NDDC $15bn Railway MoU Yahoo Yahoo Deal – Timi Frank

says MD must be arrested

Elanza by Elanza
February 9, 2025
in News
0
NDDC $15bn Railway MoU Yahoo Yahoo Deal – Timi Frank
0
SHARES
11
VIEWS
FacebookTwitterWhatsappEmailTelegram

….says invites EFCC, ICPC

A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, on Sunday demanded that anti-graft agencies should investigate the Memorandum of Understanding (MoU) for a $15 billion Trans-Niger Delta Railway Project signed by the Managing Director of the Niger Delta Development Commission (NDDC), Samuel Ogbuku, with Atlantic Global Resources Inc, describing it as “Yahoo Yahoo Abracadabra.”

RelatedPosts

APC Clears Bakare Girei To Contest Adamawa Gov’ship

APC screen ,clears Mascot Kalu for Abia governorship race

50 Terrorists Neutralised as Troops Crush ISWAP Attack in Buni Gari

While.describing the action of the NDDC’s MD as illegal and a Yahoo Yahoo abracadabra, that is fraudulently laced with deceitful intentions aimed at siphoning the resources of the commission, he called on any of the Economic and Financial Crimes Commission and Independent Corrupt Practices and other related offences Commission, to urgently intervene, arrest, investigate and prosecute Ogbuku and his co-conspirators for attempted fraud and misappropriation.

President Buhari To Commission FHA Zuba Housing Project May 2

According to Frank in a statement in Abuja, only the Chairman of the Governing Board of the NDDC was vested with powers to enter into contracts with other firms by the Act establishing the agency.

He said, “It is worthy to note, that as part of the responsibility of the Governing Board of the NDDC, as empowered by its establishment Act No 6, 2000, only the Chairman is vested with the sole power to sign contracts or MoUs with any firm or organization.

“It is curious therefore, as to how only the Managing Director and a selected few in connivance with the Minister of Niger Delta Affairs would proceed to sign an MoU without the prior knowledge of the Chairman, but rather justifying an ultra vires action.
Workers Day: Speakership Hopeful, Tajudeen Abbas Charged Workers to Be Steadfast

ALSO READ:  2023 Guber: Kaduna PDP expresses Confidence To Reclaim Mandate At Election Tribunal

“The position of the NDDC management in its reaction affirming that the $15billion Railway MoU was signed for the preliminary process for a railway network and not an award of contract, suggests that ongoing talks with this company is another calculated attempt to defraud the Niger Delta people in the guise of ‘Preliminary Studies’ for a Trans-Niger Delta Railway.

“This shady MoU without due consultation with the board, carried out by the MD of NDDC, Samuel Ogbuku, with Atlantic Global Resources Inc, to build a railway network connecting the nine Niger Delta states can only be described as crass carelessness and outrightly insensitive at this time.

“Mr. Ogbuku must be reminded that the struggle for the attainment of a better Niger Delta was a battle fought by many and thus as stakeholders in this struggle, we’re mandated to serve the people relentlessly rather than engaging in the same setbacks of the past.

“In the light of the above therefore, it is clear that the MD and his partners are clearly toeing the same path as the pre-forensic audit of the commission.

“Besides, in pursuit of a better Niger Delta, we’re poised to applaud laudable projects and disapprove of white elephant projects in this regard.

“It is sad that whilst we continue to hope for overall growth and development of the region, we’re still confronted with weighty and dubious setbacks detrimental to the positive advancement of the zone.

“It will be foolhardy to jump on a Trans-Niger Delta Railway network’s feasibility, when the Federal Executive Council (FEC) had only recently in 2021 awarded a $11.7 Railway contract that would connect states in the entire region from Lagos.

ALSO READ:  School Building Collapse: Plateau Govt. confirms 22 dead, 132 injured

“It is therefore shocking that an agency of government will seek to override the prior approval of FEC and initiate another MoU on behalf of the NDDC and the Federal Government for the same project in 2023 without due process nor approval by FEC in the twilight of President Muhammadu Buhari’s administration.

“The FEC must make its position clear as regards this recent MoU duplicating the project even as the completion of the East/West Road has since become a mirage with little or nothing done all these years.”

He called on the National Assembly, Ministry of Niger Delta Affairs, the nine Niger Delta States’ Governors (Advisory Board of NDDC), and all other stakeholders to outrightly reject the flawed MoU as it is of no immediate significance save for personal aggrandizement.

“Any form of support in aiding the commission to secure loans for the purpose of this purported ‘Preliminary Studies’ for the railway construction must be rejected and resisted.

“The Niger Delta people are desirous of more sustainable programmes that positively
affect daily living rather than any phantom project.

“The NDDC must focus on the implementation of its original masterplan, which no board has achieved since inception and concentrate more on Human Resource Development programmes, including training of youths, provision of better healthcare, education, etc., and cease from being used as a conduit in impoverishing the people”, Frank emphasized.

E

Previous Post

Okechukwu Isiguzo’s Shameful Nuisance Against Ohanaeze Ndigbo — Ohanaeze Youth

Next Post

Davido Assures Chioma Of Love On 28th Birthday

Elanza

Elanza

Related Posts

APC Clears  Bakare Girei To Contest Adamawa Gov’ship

APC Clears Bakare Girei To Contest Adamawa Gov’ship

by Ojimaojo Abubakar
May 10, 2026
0

Dr Saliu Bakare Girei has scaled another major political hurdle after the ruling All Progressives Congress cleared him to contest...

APC screen ,clears Mascot Kalu for Abia governorship race

APC screen ,clears Mascot Kalu for Abia governorship race

by Ojimaojo Abubakar
May 9, 2026
0

The All Progressives Congress has cleared aspirant, Mascot Uzor Kalu, to contest the 2027 governorship election in Abia State. Kalu...

50 Terrorists Neutralised as Troops Crush ISWAP Attack in Buni Gari

50 Terrorists Neutralised as Troops Crush ISWAP Attack in Buni Gari

by Nathaniel Irobi
May 9, 2026
0

Troops of Operation HADIN KAI have repelled a large-scale assault by ISWAP terrorists on a military headquarters and checkpoint in...

Next Post
Davido Assures Chioma Of Love On 28th Birthday

Davido Assures Chioma Of Love On 28th Birthday

‘My Call To Bar Not In Doubt’– Edo Legal Practitioner, Douglas Ogbankwa Insist

‘My Call To Bar Not In Doubt’– Edo Legal Practitioner, Douglas Ogbankwa Insist

Recommended

Press Freedom Day: FG Calls for Joint War on Disinformationa

Press Freedom Day: FG Calls for Joint War on Disinformationa

5 days ago
Osimhen Brace Fires Galatasaray to 26th League Title in Dramatic Fashion

Osimhen Brace Fires Galatasaray to 26th League Title in Dramatic Fashion

11 hours ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • The Political Imprint Of Dr. Hadiza Balarabe On Sanga Politics

    0 shares
    Share 0 Tweet 0
  • Movement For Better Taraba Endorses Danji SS for Governor, Calls for APGA Support

    0 shares
    Share 0 Tweet 0
  • Urban Smart Farming Initiative Targets 10 Million Yams for Nigeria

    0 shares
    Share 0 Tweet 0
  • FG Names 48 Terror Financiers – Including IPOB, Ekpa, Mamu

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (833)
  • Education (274)
  • Entertainment (397)
  • Health (251)
  • National (3,301)
  • News (10,277)
  • Opinion (438)
  • Politics (2,125)
  • Science (15)
  • Security (421)
  • Sports (714)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform