FG, CCECC Sign MoU for $11.117bn Lagos-Ibadan, Calabar-PH Railway Contract

The federal government on Friday signed the Memorandum of Understanding MoU on the lagos-Ibadan and Calabar-Port Harcourt railway projects with the China Civil and Engineering Construction Company (CCECC) for $11.117 billion, saving $800 million from the initial estimated value of $11.917 billion.
The contract which is considered the largest and most ambitious in the country’s rail project will connect the South west and South east political zones will terminates at the various sea ports.

At the signing ceremony in Abuja, the Minister of Transportation, Mr. Rotimi Amaechi , said the contract which was initially negotiated by the Goodluck Jonathan administration will be completed in two years.

He expressed optimism that federal government will meet its counterpart funding of 15 percent, the China EXIM bank will defray the remaining 85 percent cost of the project.

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Security Alert; Bart Ransomware Bypasses Corporate Firewalls

A new ransomware variant has emerged that’s similar to widespread threats such as Dridex 220 and Locky Affid=3, but uses a security-evading technique that may allow it to attack organisations protected from other malware, according to computer security researchers. Ransomware has spread quickly in the last few months, as a number of payouts have attracted cyber-criminals to the technique.

Buhari Considers Hadiza Bala Usman As Head Of NPA

Nigerian Ports Authority (NPA) and the Minister of Transportation, Mr. Chibuike Amaechi, has submitted Ms. Hadiza Bala Usman’s name to President Muhammadu Buhari to take over as the new managing director of NPA, says Reporter.Should Buhari approve the recommendation, Ms. Bala Usman, 40, will become the first female chief executive of a top tier federal government agency and of the NPA. She shall take over from Alhaji Habib Abdullahi, who was reinstated by Buhari in August 2015 as the managing director of NPA, after he had been shown the exit by former President Goodluck Jonathan in April 2015.

Prisoner escapes in Benin city

An inmate on Wednesday morning escaped from the court where he was taken to for his trial. The unidentified inmate, escaped from the watchful eyes of prison officials who took him and other inmates to court. The prisoner, an awaiting trial inmate in Oko medium prison, Benin, escaped at the premises of the state high court, Benin. A prison official who spoke with The reporter under the condition of anonymity, said prison warders have been sent to go after the escaped prisoner. Meanwhile, the spokesman of the Edo command of the Nigerian Prison Services (NPS), Mr Aminu Suleiman declined speaking to journalists on it. The spokesman, who could neither deny nor confirm the report, said he was not in a position to speak on the issue. Suleiman said that the state commander of the NPS, Mr Effiom Etowa, was out of the state on official assignment.

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