A review by SaharaReporters of the Ebonyi State Open Contracting Data Standard (OCDS) portal has revealed that the state government awarded a contract worth ₦8.608 billion to a company that was only four months old at the time. The contract, awarded on August 25, 2024, went to Real Aggregate Engineering Limited, which was incorporated…
An investigation by SaharaReporters has uncovered that Ebonyi State Governor, Francis Ogbonna Nwifuru, awarded contracts worth N3.1 billion to his brother-in-law, Nwode Chidi Henry, through a company registered a little over two years ago. The company, HC Carter Ventures Ltd, was incorporated with the Corporate Affairs Commission on April 25, 2023, just a month…
The Federal Government has re-engineered Nigeria’s oil bidding process with emphasis on production bonuses, targeted at enabling investors to channel their scarce resources into development needs and early production. In the past, emphasis was placed on the high signature bonus, a development that discouraged local and foreign investors from investing while also scuttling early development…
