• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 1, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home News

Wike to ICC Mgt: You earn N300m monthly, but only N50m remitted yearly, why?

Ezechukwu Malachy by Ezechukwu Malachy
May 14, 2025
in News
0
Wike to ICC Mgt: You earn N300m monthly, but only N50m remitted yearly, why?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Minister of the Federal Capital Territory (FCT), Ezenwo Nyesom Wike, has made allegations of significant financial discrepancies in the management of the International Conference Centre (ICC) in Abuja.

According to Wike, the previous operator of the ICC was remitting only N50 million annually to the Abuja Investment Company Limited (AICL) despite generating over N300m monthly from the facility.

Speaking during a media briefing with select journalists at his Abuja residence on Monday, Wike frowned on the systemic neglect and poor maintenance that had plagued the national edifice for decades.

According to the minister, the ICC had remained untouched since its construction in 1991 under the Ibrahim Babangida administration, and had become an “eyesore” by the time President Bola Tinubu visited the venue for the ECOWAS Parliament event last year.

Wike said, “Remember, this International Conference Centre was built in 1991 by the IBB administration. Since 1991, nobody has touched that thing. When Mr. President came to inaugurate the ECOWAS Parliament sometime last year… It was an eyesore. It was horrible. And Mr. President couldn’t believe it. He said, ‘This is unacceptable, Mr. Minister, I don’t want to see this again.’”

He continued, “That is why I say leadership is key. And today, by the grace of God, we have achieved it. If you take a ride and go to that place, you yourself will feel happy.”

The minister disclosed that the facility had been previously leased to a serving senator, who mismanaged it, failed to maintain it, and shortchanged the government.

“You see, they gave it out to one senator. Everything in Nigeria politicians would be involved. The man ran the place down. He was paying Abuja Investment Company Limited about N50m a year. Meanwhile, in a month, they make nothing less than N300 million,” Wike said.

Previous Post

Lamido to Tinubu: Pay Abiola’s family the ₦45bn debt FG owes MKO

Next Post

EFCC arrests Fred Ajudua for alleged $1.43m fraud

Next Post
EFCC arrests Fred Ajudua for alleged $1.43m fraud

EFCC arrests Fred Ajudua for alleged $1.43m fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
We’re under siege, terrorism eating up Benue, Gov Alia cries out
Opinion

Still on Alia and the bloodied plains of Benue

by Our Reporters
July 1, 2025
0

By Arinze Anapugars One of the most poignant examples in history of a leader who failed to confront the real...

Read moreDetails
How PDP govs, BoT resolved impasse

How PDP govs, BoT resolved impasse

July 1, 2025
I will be on the ballot in 2027, says Obi

I will be on the ballot in 2027, says Obi

June 30, 2025
SDP warns against dealing with suspended Chairman, Auditor, Youth Leader

SDP warns against dealing with suspended Chairman, Auditor, Youth Leader

June 30, 2025
Suspected herdsmen, military exchange gunfire near Benue IDP camp 

Suspected herdsmen, military exchange gunfire near Benue IDP camp 

June 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng