EXCLUSIVE: See Reps report which indicted 3 ministers, PS behind $470m CCTV contract scam (Full Report)

… how report indicted 3 former Police Affairs Ministers and a Perm Sec

… report demands EFCC to prosecute alleged culprits

… as Reps kick against servicing of loan

The last has not been heard about the $470million Closed Circuit Television, CCTV contract scam reared its ugly head again on Thursday, yesterday as the Hon James Faleke led Finance Committee queried Finance Minister, Zainab Ahmed over servicing of the contract loan.

Faleke who co-sponsored the motion that further exposed the contract scam in 2015 was quick to remind the minister why must such a loan be serviced when the contract was not adequately executed.

The Hon Ahmed Yerima led adhoc committee report had indicted the ministers, other officials involved and recommended immediate prosecution of key actors in the scam.

Hear Hon Faleke on the issue that has been well wrapped up despite two probe panel reports by the House that indicted some Nigerians:

“Before this administration, we collected some loans and the one that strikes me the most is the 460 million dollars for CCTV installation in Abuja.

“I want to know the position of this loan, I am sure we are paying back but the CCTV is not working.

‘Any time we take loan from China, the Chinese will come and do the job, they will bring all their equipment, the personnel and the goods and yet we do not have value for the money, especially that of the CCTV.

“Where are we? I need you to look into it and send us a memo on this particular aspect, “ he said.

In her response, the Minister of Finance, Mrs Zainab Ahmed, said that Nigeria was servicing the loan but she had no explanations on the status of the project.

“We are servicing the loan but on the project, we will have to ask the Federal Capital Territory (FCT) Authority because the project was deployed in the FCT, I have no information on the status of the CCTV.

The issue at stake here is why must Nigeria pay back a loan that was not really executed.

See high points of TNG’s last exclusive on the contract scam:

The report had indictd 3 ministers and a former Perm Sec

*ZTE a Chinese firm was asked to refund balance

“Faces of Nigerians behind the failed contract

*40 installed cameras instead of 1000 only worked for 3 months

*Same CCTV cameras were rejected by the Ghanaian Government

The above was adequately explained in the entire 20page report by the ad-hoc Committee.

The question begging for an answer now is what is our anti-graft agencies waiting for before prosecuting those that were indicted by this report?

Till date, the contractor, the ministers and the officials indicted are free men walking the streets of Nigeria as if nothing happened.

Yet the Nigerian government has started servicing the loan.