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.
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.