Sunday, August 3, 2025
  • Share your story
  • About
  • Contact
Economy FootPrint
  • Home
  • News & Politics
  • Opinion
  • Finance & Economy
  • Aviation
  • Editorial
  • Transport & Blue Economy
  • Features | Analysis
  • Health | Environment
Economy FootPrint
Home Finance | Insurance | Pension

BIPC MD Inspects Fountain Estate, Enforces Recovery of 33-Room Assets

*Invites Anti-Graft Agencies to Investigate

Flower Agiji by Flower Agiji
January 10, 2024
in Finance | Insurance | Pension, Top News
Reading Time: 1 min read
0
Share on FacebookShare on Twitter

The Managing Director of Benue Investment and Property Company Limited (BIPC), Dr. Raymond Asemakaha has decried the inability of the contractor of BIPC Fountain Estate Nyorgyungu to complete the project even after collecting the whole contract sum.

Dr. Asemekaha expressed dismay after inspecting the ongoing construction work at the estate on Wednesday, January 10th, 2023.

Related posts

Heirs Insurance Launches Inaugural Creators Fellowship, Partners with Influencers to Drive Insurance Literacy

Heirs Insurance Launches Inaugural Creators Fellowship, Partners with Influencers to Drive Insurance Literacy

August 1, 2025
NSIB UNVEILS NEW REGULATIONS FOR RAIL, MARITIME, AIR TRANSPORTATION TO ENHANCE SAFETY

NSIB UNVEILS NEW REGULATIONS FOR RAIL, MARITIME, AIR TRANSPORTATION TO ENHANCE SAFETY

August 1, 2025

Accompanied by staff of the company, the Managing Director also visited and enforced a recovery of a 33-room building that was recovered by the EFCC for the company in 2019 but has not been enforced.

At the Fountain Estate, the Managing Director lamented how “despite posting a N1.6 billion loss from 2019-2023 yearly; N2.1 billion unremitted VAT/TAX and 138 Million accumulated unremitted pension, NSITF and NHF, the company paid over N700 million for the project that will add no profit to the company.”

The MD also “wondered why some staff of the company were paid N10 million consistently daily and called on anti-graft agencies to investigate them.”

“I am not out to victimize anyone but must ensure that the right thing is done,” he said.

Asemakaha while directing security agencies to take charge of the recovered building warned occupants of the 33-room facility to steer clear of the facility.

Commenting, the Head of Legal Services of the company, Almed Anuga, and President of the National Union of Banks, Insurance, and Financial Institutions Employees, Comrade Elijah Uve, appreciated the efforts of the Managing Director in repositioning the company.

Previous Post

Trapped Funds: CBN Disburses $61.64m to Foreign Airlines, Settles $2bn liabilities

Next Post

Ortom Congratulates Gov Alia Over Victory at Supreme Court

Next Post

Ortom Congratulates Gov Alia Over Victory at Supreme Court

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Father’s Day: Emporio Armani Introduces STRONGER WITH YOU AMBER Limited Edition Fragrance

2 years ago

Troops Arrest 3 Suspects, Recover Arms, Ammunition

1 month ago

Are Your Business and Personal Brands Prepared for AI? Expert Says Most Aren’t

2 years ago

Nigeria, Uganda explore direct flight opportunity

2 years ago

FOLLOW US

  • 86.2k Followers

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

BROWSE BY TOPICS

2023 Benue Budget Abuja-Kaduna Rail Access Corporation Access pension airports concession Aviation Ayu Benue Budget Benue Community Buhari Business CBN Central Bank Dana Air Economy FGPL Herdsmen Herdsmen attacks insecurity insurance Maritime Min of Transport MSMEs NAICOM NCAA Nigeria Nigeria -Cameroon Border Post Nigeria Air NRac Onne Port ooh Orrom Ortom PDP PenCom pension Railway Sambo Jaji Transcorp Transcorp Group Transcorp Hotels Plc UBA Ukohol Wike Wildon Ideva

BROWSE BY CATEGORIES

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Economy Footprint

The EconomyFootprint is published by Ideas Tent Communications Ltd®. All Rights Reserved.

Follow us on social media:

Recent News

  • NCS Announces Migration From Fast Track Scheme To Authorized Economic Operator Programme
  • Troops Neutralize Bandit, Recover Arms Cache In Benue Community
  • Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

Category

  • Aviation
  • Brands
  • Crime
  • Editorial
  • Features | Analysis
  • Finance | Insurance | Pension
  • Health | Environment
  • Industry | Trade | Commerce
  • International
  • Interview | Profile
  • News
  • Opinion
  • Politics
  • Small Business
  • Sports
  • Top News
  • Transport & Blue Economy
  • Uncategorized

Recent News

NCS Announces Migration From Fast Track Scheme To Authorized Economic Operator Programme

NCS Announces Migration From Fast Track Scheme To Authorized Economic Operator Programme

August 1, 2025
Troops Neutralize Bandit, Recover Arms Cache In Benue Community

Troops Neutralize Bandit, Recover Arms Cache In Benue Community

August 1, 2025
No Result
View All Result
  • Home
  • Politics
  • News
  • Sports
  • Opinion