Close Menu
  • Home
  • News
  • Politics
  • Lifestyle
  • Opinion
  • Science
  • World
  • Entertainment
  • Finance
  • Football
Facebook X (Twitter) Instagram Threads
Facebook X (Twitter) Instagram
YFON
  • Home
  • News
  • Politics
  • Lifestyle
  • Opinion
  • Science
  • World
  • Entertainment
  • Finance
  • Football
Subscribe
YFON
Home»News»Rivers govt denies reports of Julius Berger withdrawal from project sites
News

Rivers govt denies reports of Julius Berger withdrawal from project sites

AdeboyeBy AdeboyeNo CommentsMay 31, 20252 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Rivers State Government has strongly refuted claims that construction firm Julius Berger Nigeria PLC has begun pulling out from project sites in the state due to alleged non-payment by the government.

In a statement issued by Mr. Hector Igbikiowubo, Senior Special Adviser on Media to the state government, the report was described as misleading, malicious, and a deliberate distortion of facts aimed at damaging the administration’s reputation.

“The Rivers State Government has consistently fulfilled its contractual obligations to all contractors, including Julius Berger,” the statement read.

“Since the declaration of Emergency Rule in the state, Julius Berger has received all payments due.”

According to the government, the motive behind the false report stems from pressure to approve an inflated variation request related to the ongoing Ring Road project.

Details provided by the state include:

The original contract value for the Ring Road project was ₦195.7 billion.

Julius Berger submitted a variation request seeking an additional ₦171.8 billion, an 87.77% increase.

If approved, the total project cost would rise to ₦367.5 billion.

The government noted that to protect public funds and prevent arbitrary cost increases, it secured a bank facility at the project’s inception and paid ₦150 billion—representing 77% of the total original contract sum—as an advance to Julius Berger.

The statement emphasized that the Rivers State Government remains committed to infrastructure development and financial responsibility, and will not yield to any campaign of pressure or misinformation.

DON'T MISS ANY NEWS

Input your email to stay updated with the latest news, updates, and get news as it unfolds across the globe.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

DON'T MISS ANY NEWS

Input your email to stay updated with the latest news, updates, and get news as it unfolds across the globe.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous Article2026: Defections won’t derail Adeleke’s re-election – Osun PDP chairman
Next Article Insecurity Crisis: Abraka residents, students stage daily protests

Related Posts

Tatum Bank meets CBN capital requirement

March 10, 2026

Two teenagers drown in pond while running from suspected phone snatchers

March 10, 2026

Nobody can bar me from visiting any part of Nigeria – Peter Obi

March 8, 2026

Bwala defends Al Jazeera interview, accuses anchor of spreading ‘fake news

March 7, 2026
Leave A Reply Cancel Reply

Sports
Sports

BREAKING: Chelsea appoint Rosenior as new head coach

By AdeboyeJanuary 6, 20260

BREAKING: Eagles name 23-man squad for must-win world cup qualifiers

October 3, 2025

JUST IN: Osimhen rejects €75m Saudi Arabia’s Al Hilal move

June 8, 2025

Osimhen dances to Yinka Ayefele’s classic amidst family dispute

May 21, 2025

Awoniyi finally out of coma after abdominal surgery

May 15, 2025
Entertainment
Entertainment

JUST IN: ‘This year will not see my end’ — Allwell Ademola’s final post goes viral after death [Video]

By AdeboyeDecember 27, 20250

Iyabo Ojo becomes president of single mothers association

December 21, 2025

Alcohol consumption not sin – Popular gospel singer, Gaise Baba

August 26, 2025

Geh Geh University’: Tiktoker rakes in $30,000 from viral live session

August 22, 2025

Elderly man sparks online buzz after claiming to be Wizkid’s biological father

June 2, 2025
Finance
Finance

Naira gains ground as CBN intervenes, FPI inflows increase

By AdeboyeJune 23, 20250

Naira weakens further to N1,610/$ in parallel market

May 8, 2025
Instagram Facebook X (Twitter) TikTok
  • Opinion
  • Health
  • Sports
  • Finance
© 2026 YemieFash Online News Platform. A subsidiary of YemieFash Media. Powered by Hexemty Technologies

Type above and press Enter to search. Press Esc to cancel.