The Minority Caucus in the House of Representatives, yesterday, rejected the proposed $1.5 billion for the rehabilitation of the Port Harcourt refinery.
The Caucus in a statement by its Leader, Ndudi Elumelu, described the figure as “outrageous and heavily inflated.”
This came as a coalition of ex-militant leaders and peace advocacy groups from the nine states of Niger Delta under the auspices of Niger Delta Advocate for Peace and Good Governance, NDAPGG, kicked against opponents of the 1.5 billion contract for the rehabilitation of Port-Harcourt Refinery, saying it was a commendable and practical investment.
The caucus demanded an immediate review of the cost, insisting that a critical cost analysis, indicates “a huge scam and a ploy by unscrupulous elements to hide under the guise of rehabilitation of the refinery to siphon public funds,” adding that the project can be transparently executed at an amount, far less than the approved over-bloated cost.
According to the caucus, “This over bloated $1.5 billion cost has again brought to the fore the prevailing unpatriotic proclivity of treasury looting and criminal diversion of public funds through inflated contracts by officials of government for their selfish interests.
“It is completely unexplainable that the sum of $1.5 billion, belonging to Nigerians, is to be funneled towards the rehabilitation of a non-profitable refinery, which has already been slated to be handed over to private hands.