Wike threatens to blacklist Setraco over demand for contract variation 

Minister of the Federal Capital Territory (FCT),  Nyesom Wike, has threatened to blacklist Setraco Nigeria Ltd for allegedly asking for contract variation on the ongoing construction of Ring road 1 segment of the Southern Parkway, connecting Area 11, Central Area, Area 3 and Durumi as well as Nnamdi Azikiwe Expressway axis of the nation’s capital city.

Wike, who issued the threat Wednesday, during an inspection of some heavily funded road projects, reiterated that issue of variation is not on the table, as it would not be accepted by the FCT Administration under his watch.

He said from the records, the FCTA have paid 97% for the project, but the company has failed to provide street lights, and upon inquiry, the company’s managing director talked about variation of the contract.

He added that the FCTA and Setraco along with other construction companies handling FCT projects had agreed on the funding pattern, which it has not failed to follow.

He stated further: “Remember when I came on board, I had to call most of these companies, and I asked them; will you be able to complete some of these projects as part of our president’s one year anniversary since he was inaugurated? We agreed on the funding pattern, and I can authoritatively tell you that we have not failed.

“When I asked them about the street lights, the company’s managing director talked about variation. From the records that I have, we have paid 97%.”