Tag Archives: contract

Sergio Ramos Insists He’s in No Rush For New Deal

Sergio Ramos has moved to quell speculation over his Real Madrid future but also admitted that he is in no rush to sign a new deal.

Real’s captain’s contract expires in 2021 and the club are understood to be working to extend his stay at Santiago Bernabéu.

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Paulo Dybala Sets To Renew His Contract

Juventus Sporting Director Provides Update on Paulo Dybala’s Contract situation…

Juventus sporting director Fabio Paratici has confirmed that initial discussions with Paulo Dybala to extend his contract have started – despite his reduced involvement in recent weeks.

Dybala’s current deal expires in the summer of 2022 and his last extension was more than two-and-a-half years ago. The 26-year-old forward has featured in all but three of Juventus’ games across all competitions this season but has started only one of the Bianconeri’s last four matches.

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James sign 5-year deal with Chelsea

Chelsea’s defender Reece James has signed a new five-year deal worth £25million with the London club.

The player just returned from a loan spell at Wigan and has made 18 appearances for Chelsea this season establishing himself as a first-team player.

According to the signed documents, James will earn a basic of £80,000-per-week and guaranteed £20m over the course of the deal. But with bonuses, his weekly wage will rise to around £100,000-a-week and there are plans to make him one of the best paid young defenders in world football.

The player who joined Chelsea aged eight, said: ‘It has been my dream to be here at Chelsea and play week in week out and to have a contract for another five-and-a-half year is living the dream again.

‘I have always wanted to be here and another five-and-a-half years means a lot to me and a lot to my family.

‘There are a few of us playing in Chelsea’s first team now who have all come through the academy at the same time and that’s great.

‘It shows how well the academy brought us through and how well we are doing.’


Why Lamptey Tariq signs new long-term contract with Chelsea

Chelsea have reached an agreement with right-back Tariq Lamptey over a new long-term contract at Stamford Bridge.

The 19-year-old is among a handful of academy graduates to break into Frank Lampard’s first team this season, although Lamptey had looked set to leave at the end of the season once his previous deal expired.

Lamptey now appears to have made a U-turn over his future, however, as The Athletic reports that an agreement has been reached over a new long-term deal – with an official announcement expected soon.

The England Under-20 international was being watched closely by Ligue 1 side OGC Nice, whose manager is former Arsenal midfielder Patrick Vieira.

As well as extending Lamptey’s contract, Reece James is also understood to be close to reaching an agreement over his long-term future at the club.

He still has a contract at Chelsea until 2022, but James’ new deal will be extended for another three years.

19-year-old Lamptey has only made two senior appearances for Chelsea in his career, making his debut in their 2-1 win over Arsenal before also featuring in the club’s comfortable win over Nottingham Forest in the FA Cup.

Tariq Lamptey, Right Back

He, as well as James, are among a batch of young English right-backs who have been breaking through into senior football in recent years.

Trent Alexander-Arnold and Aaron Wan-Bissaka are the two most high-profile young players to stake a claim in Gareth Southgate’s England squad, but both James and now Lampety aren’t far behind in the pecking order.


Lagos-ibadan: Gridlock to continues as Berger/Kara Bridge set to resume Jan. 6

Motorists and other users of the Berger/Kara Bridge section of the Lagos-Ibadan Expressway may have to brace for another round of gridlock as reconstruction work will resume by Monday, January 6, in the area, NobleReporters learnt

The barricade on that section of the road was on Sunday, December 1 removed to enable motorists to move freely during the festive period.

The Federal Controller of Works, Lagos, Mr Adedamola Kuti, told our correspondent on Thursday that workers were expected to return to the site by January 6 and speedily complete the remaining part of the section.

Before the road was opened in early December, vehicles, both inbound and outbound Lagos, were diverted to the outbound lane up to Isheri Junction, before redistributing to the normal lanes and was a major challenge to motorists due to gridlock.

The gridlock on the busy corridor, especially whenever there was an accident or a breakdown of articulated vehicle forced many commuters to drive against traffic, further compounding the problem.

He stated that work had been completed on the inbound Lagos section, adding that during the break, palliative construction work continued on the outbound part of the road.

Kuti said, “When we return to site, work is expected to be faster at the Kara Bridge end because we are fully in the dry season unlike the other time when the work started.

“Everything will be faster and we will likely have speedy completion on most parts of the road.”

He stated the work would be completed by mid-February.

“Now that we are in the dry season, all hands must be on deck so we can spend less time and finish before the rains begin,” he said.

Julius Berger, the contractor handling the section 1 of the road from Old Toll Gate to the Sagamu Interchange, had diverted both the inbound and the outbound traffic to one side of the road on September 2, when reconstruction of the Berger/Kara Bridge part of the Lagos/Ibadan Expressway commenced.

On the Magboro/Ibafo section of the road, Kuti said it could not be opened during the festive period due to the level of work.

“We haven’t reached a stage where we can open that section for safety reasons, which explains why we had workers on the ground during the Christmas period and up until now,” he said.

According to him, the work on that section is also expected to be completed by February when the contractor will open another section for reconstruction.

The Ogun State Sector Commander of the Federal Road Safety Corps, Mr Clement Oladele, said motorists should obey traffic rules to avoid chaos on the road.

“In other climes, when people see road signs around construction zones, nobody forces them to obey. I urge motorists and members of the public to do what is right,” he said.

Oladele stated that officials of the FRSC would do their best to control the traffic situation throughout the road reconstruction period.


Governor Makinde of Oyo revealed how corrupt Ajimobi padded the budget.

…awards two contracts

Governor Oluseyi Makinde of Oyo State on December 21, 2019 painted a picture of the alleged corrupt practices that characterised the administration of his predecessor, Senator Abiola Ajimobi of the All Progressive Congress, APC, in the management of the affairs of the state.

Makinde alleged that the era of the immediate past administration was characterised by corruption, budget padding, mismanagement of funds, kickback syndrome, inflation of contracts’ fees, lop-sidedness in projects management, award of contracts only to their cronies and re-awarding of projects at double price, among others.

He made this sttement on a live programme of the Oyo State Broadcasting Corporation of Oyo State tagged ‘Live chat with GSM, a quarterly session with the Oyo State Governor’. He said;

“If I should talk about the finances of Oyo State as at the time we came on board, some people will not be able to walk on the streets. Up till date, we have not bought vehicles for the office holders. If we are to buy official vehicles for myself and other office holders, we will not spend less than N3 billion and we cannot afford that now. Up till today, I am still using my personal cars in office.

“Our priority is to the people. We prioritise what we can do to the people who gave the opportunity to serve them over ourselves. We don’t want to serve ourselves. On May 6, 2019, three weeks to take over, the last administration withdrew N5.2 billion and spent it to remain N19, 000 by May 29. Soon, those involve will have to explain how they spent the money on the people.

“When I resumed, I was scared. The government was running 67 banks accounts. So I asked for all the balances of the accounts. A particular account has N300 million, and another has N20 million. I asked the accountant general to prune the accounts down and put all the money in one account and which came to about N6 billion.”

“When we assumed office, some people came to me and said that this is how they shared money. I said don’t share the money to me. Let us use it to better the lives of the people of the state. IGR has gone up a bit because we have blocked loopholes. Let me also reveal this. We did not spend government money on those Christmas decorations that you see everywhere. Normally, at the end of the year, people and corporate organisations give gifts to the governor.

“So, when they came, I called my people and told them that these gifts should be channelled towards beautifying the state instead. So, we used the gifts to do those Christmas decorations that you are seeing. If we continue to be prudent, all will be well and things will go round. It is because we cut off the wastage, that is why we are able to do some of the things are doing”.


Amaechi complains on CCECC delay on Lagos-Ibadan rail.

….We cannot continue like this

The Minister of Transportation, Mr Rotimi Amaechi, has described as embarrassing the delay by the China Civil Engineering and Construction Corporation in completing the 10 railway stations along the Lagos-Ibadan standard gauge rail line.

Amaechi made the remarks on Friday at the Abeokuta rail station under construction, during the monthly inspection of the on-going Lagos to Ibadan Rail project.

According to him, CCECC, the contractor handling the 156km rail line, has reduced the pace of work between the last two inspections in November and December.

“The delay is becoming an embarrassment and I think we need to meet with the CCECC. We cannot continue like this. The speed has reduced drastically this time, we need to meet with the management of CCECC. We have a problem with CCECC honestly,” the minister said.

Amaechi, who expressed displeasure over the pace of work at Agbado, Kajola, Papalanto and Abeokuta stations said the contractor had promised to finish the stations within three months.

The minister, who insisted that the stations should be completed by the end of January 2020, urged the contractor to engage workers who were ready to work.

He said block work, flooring, plastering and pipe laying should have moved forward than the stage they were.

Amaechi urged the contractor not to wait until April when the project was expected to be inaugurated before completing them.

He said three years after the inauguration of the Abuja-Kaduna standard gauge rail line, the contractor was still at the site working on power.

According to him, the Ibadan-Kano standard gauge rail line was billed for commencement in 2020, so all the projects comprising track laying, stations, power should be taken at the same time.

NobleReporters learnt that the track laying has moved from Iju Station to around Agege and work was still ongoing at the Lagos axis.

Amaechi had assured Nigerians that the entire project would be delivered by April 2020.


Matawalle, Zamfara Governor Cancel N79Bn Contracts.

…one awarded to former governor of the state

…worth N25 billion

…over poor execution

Governor of Zamfara State, Bello Matawalle, has cancelled two contracts worth over N79bn.

One of them was a N25bn contract given to Alliance Trading, a firm owned by former Kebbi State governor, Adamu Aliero.

The governor had during the State Executive Council meeting on Wednesday voided another project worth over N54bn awarded to China Zhonghao in 2013 and 2018.

“Alliance Trading was awarded N25.992bn contract for rural electrification across the 14 local government areas in 2013 and was paid that amount but the company abandoned the project after reaching just 67 per cent completion.

“China Zhonghao was awarded 84 boreholes rural water scheme phase one worth over N27.595bn in 2013 and collected over N19.386bn but abandoned the contract after reaching 75 per cent completion.

“The Chinese company also abandoned another borehole water scheme at 13 per cent completion,” Ibrahim Mayana, Commissioner for Works, said according to Dailypost.

Matawalle ordered that the contractors refund the monies paid out to them for the execution of the abandoned projects.


AuGF unveils irregularities in NPA’s contract award.

The Auditor-General of the Federation (AuGF), Mr Anthony Ayine, has uncovered irregularities in the award, execution and payment for contract for Shore Erosion Control Works at Akipelai, Ayakoro and Otuoke towns in Bayelsa State at a contract sum of N7,503,344,599 by the Nigeria Ports Authority (NPA).

Ayine, in his 2017 audit report of Ministries, Departments and Agencies (MDAs), said the gigantic contract was awarded via a letter with reference number: HQ/GME/CP/CON/R.16/067 dated March 22, 2012 with 14 months’ completion period.

“As at November 11, 2015, four payment certificates and an advance payment totalling N4,247,938,353.26, representing 56.61 per cent of the contract sum, had been paid to the contractor.

“Review of documents and the Bill of Quantities (BOQs) under Bill No. 1 (general) attached to these payments revealed that: mobilization fee of N1,125,501,659.85 paid to the contractor, was supported by a conditional bank guarantee from Zenith Bank Plc. with a validity period of 365 days which expired on the March 2, 2013, contrary to the provisions of Section 35 ‘1’ ’a’ of the Public Procurement Act, 2007 and Financial Regulations 2933 ’i’ (2009) which only provide for submission of an unconditional bank guarantee or insurance bond.

“More than four years after expiration of the bank guarantee, the contractor fails to renew it and the balance of unrecovered advance payment stood at N539,452,959. The sum of N19.5 billion was paid for the purchase of three Toyota Hilux double cabin petrol engine vehicles. However, there was no evidence to confirm that these vehicles were purchased.

The sum of N13.5 billion was made for annual running cost of the project vehicles, in which N6.75 billionwas certified and paid to the contractor, but there was no evidence to show what the amount was used for”.

The report further revealed that N11.25 billion certified for compensation of properties to be affected by the project and paid in Certificate No. 3, had no records on how the money was utilised nor the beneficiaries involved.

“N12.5 billion provided for community relations, was certified and paid vide Certificate No. 3 with no supporting documents to validate the payment. N128million provided for insurance of the works and insurance against damages to persons and properties, was certified and paid through Certificate No. 3 with No evidence that any insurance policy(s) was undertaken.

“The Principal Manager’s (QS) report on Interim Valuation Certificate No. 4 dated November 11, 2015, showed that the value of works executed as at the period was N3,903,668,868 representing 52.07 per cent of contract sum.”