Nigerian Reps threaten to issue arrest warrants on 14 firms over Railway contracts

The Ad-Hoc Committee of the House of Representatives investigating railway contracts awarded between 2010 and 2014 has threatened to arrest 14 firms.

The committee said the firms handled some of the rail projects under investigation, but had snubbed many invitations extended to them to appear before lawmakers to answer questions.

Four of the firms were said to have handled projects worth N41.2bn.

Chairman of the committee, Johnson Agbonayinma, released the names of the firms at the National Assembly in Abuja on Thursday.

World Bank’s $8b on power, others coming for Nigeria

The World Bank has concluded plans to fund projests in Nigeria an International Development Association and the International Bank for Reconstruction and Development.

In the New partnership strategy with Nigeria, the Africa's largest economy, World Bank will fund projects worth $8 billion (about N1.28 trillion) targeting job creation, social services and good governance.

Marie Francoise Marie-Nelly, World Bank’s Country Director for Nigeria opined that the world bank assistance programes will also include social protection programmes, education, health and water service delivery for the vulnerable Nigerians across the country.