NLNG: Ruined indigenous contractor cries out over N1.147bn

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An indigenous entrepreneur doing business under ‘minor civil contractor’ category with the Nigeria Liquefied Natural Gas (NLNG) has cried out saying his enterprise has been ruined through alleged acts of vindictiveness, wickedness and total suppression, leading to the eventual termination of contract and mounting debts.

The Delta State-born entrepreneur, Shedrack Ogboru, cried to newsmen in Port Harcourt at a press briefing, saying his firm, Macobarb International, was now heavily indebted to a commercial bank due to the N68 million loan obtained since 2014 to execute the first phase of the job that had turned into a protracted debt with unmentionable interest accumulation, all due to the NLNG refusal to release payment.
He said the failure of the NLNG to honour payment schedules without any reason led to his firm being blacklisted by the Central Bank of Nigeria (CBN) for bad debt, all because of contract liability of N1.147 billion that the multinational corporation (NLNG) had refused to redress to this moment.

The indigenous contractor wondered if the NLNG would do this to any foreign company that did not do anything wrong, at a time the Federal Government was striving to assist indigenous businesses get ahead. His surprise is that no government agency he cried to had been able to go beyond preliminary responses, only to go silent after interacting with those he called NLNG demigods.
Narrating his ordeal to newsmen, Ogboru said his firm, Macobarb, got a job on January 9, 2014, to fabricate and install world-class access entry system called ‘Integrated Turnstiles and Vehicle Barriers System” that must be fabricated in Europe for security and seamless entry into the world-class facilities of the NLNG. He said this contract worth N95 million was to be executed in phases supervised by a team of experts and engineers … Read More...