The House of Representatives Ad Hoc Committee on Failed Rail Contracts, yesterday, unearthed 169 ghost companies that registered as contractors with the Nigeria Railway Corporation, NRC, for projects valued at N1 trillion.
The ad hoc committee raised the alarm during the investigative hearing at the National Assembly, that none of the 169 companies invited by the committee had shown up.
Chairman of the committee, Johnson Agbonnayinman, (Ikpoba/Okha federal constituency), said the need to invite the contractors was important, but lamented that efforts to reach them had so far proven fruitless.
The committee also asked the corporation’s MD, Mr. Adeseyi Sijuwade, to make available the agency’s record of Internally Generated Revenue, IGR, between 2010 and 2014, and was also asked to tell the committee what the IGR was used for.