Nigerian Parliament opens audit on NigcomSat-1R satellite
Thursday, 20 August 2020 17:33
The Nigerian House of Representatives Committee on Insurance and Actuarial has initiated an investigation into the financial deals related to the NigcomSat-1R television broadcasting satellite.
The equipment replaced the NigcomSat-1 satellite launched in May 2007 and later lost in space due to a malfunction. According to Vanguard, parliamentarians are mainly interested in knowing how the companies that provided the multimillion-dollar satellite were selected. Darlington Nwokocha, the chairman of the committee, who suspects irregularities in the selection process of these companies, has given NigcomSat seven days to provide all the documents on the insurance transactions and details of the expenses related to the NigcomSat-1R satellite.
The parliamentary inquiry was prompted by six petitions from “concerned Nigerians” in the insurance sector and individuals working for some of the invited organizations. The NigcomSat-1R satellite was launched into space in December 2011 by China Great Wall Industry Corporation (CGWC).
Live News
-
DBSA backs $5.7 mln plan for solar-powered EV chargers in South Africa
17:03
-
Djibouti’s Sahaal Ride app connects riders and drivers with flexible payments
16:57
-
Gabon signs $3 bln deal with Afreximbank for priority investments
16:49
-
Liberia turns to TotalEnergies in search for first oil discovery in 20 years
16:44
-
Cameroon’s industry shows resilience 2018–2025 despite structural hurdles
16:32
-
Yaoundé Cœur de ville project to carry on past elections, mayor confirms
16:16
-
Empower, Abyssinia sign $2.5 mln deal for 4 MW solar project in Kenya
15:47
-
Banana-Plantain Festival: Driving Domestic Demand for a Key Export Crop
14:54
-
CAP2E Initiative to Combat 69.2% Poverty Rate in Far North with 89.2 billion F Funding
14:46
-
Senegal to Launch National Data Interoperability Platform in December
12:36
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
DBSA closed a 100 mln rand ($5.7 mln) financing for EV charging stations. Local firm Zero Carbon Charge will build 60 solar-powered stations by...
Gabon signed a $3 billion deal with Afreximbank to finance priority investments. The move follows a meeting between President Oligui Nguema...
Liberia granted TotalEnergies rights to explore four offshore blocks totaling 12,700 km². The French group will run a program including 3D seismic...
Empower New Energy got approval to develop a 4 MW solar plant in Awasi, Kenya. The $2.5 mln deal with Abyssinia Group will supply clean power...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...