It appears The Federal Government has paid Julius Berger PLC about N30 billion in past due receivables.
This was inferred from the comments of the Minister of Information Alhaji Lai Mohammed who spoke about the fight against corruption over the weekend.
Here is what he said
“We have spent about N70 billion on road this year. Between 2012 and 2015 when oil was selling for $100 per barrel, they didn’t pay contractors. But now, we brought back Julius Berger to site paying N30 billion. Although people said we should stop talking about the past, we believe that proper accounts must be made. We are hampered by the Niger/Delta instability and we have in the process lost about $1billion. But despite all these, major state capitals will be linked with effective rail system very soon.”
Julius Berger reported that it has about N72.9 billion in contracts from receivables in its June 2016 half year interim results.
