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
-
Lobito Corridor, Project Vault: How the U.S. Is Moving to Compete with China in Africa’s Critical Minerals
18:50
-
Libya, UNDP sign blue economy agreement to support economic diversification
18:47
-
Meta-driven layoffs in Kenya expose fragility of Africa’s outsourcing model
18:36
-
Zimbabwe’s Econet Launches AI Unit, Unveils Products, Offers Gemini Access
18:25
-
Togo tops 100 bln CFA francs in 2026 borrowing on regional market
19:13
-
Lome Container Terminal revamps customer service with one-stop model
20:41
-
Industrial Gas Demand in Douala Collapses as Prices and Supply Strain Clients
20:20
-
Douala Port Turns to PPP to Rebuild Its Regional Trade Hub at Boscam
20:07
-
Cameroon Looks to Formalize Cross-Border Trade With Digital Freight Platform
19:54
-
Cameroon Overhauls Procurement Strategy to Unlock Weigh Station Upgrades
19:49
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
In the race to secure control over critical minerals, the United States lags behind China, which dominates the market and is positioned across the entire...
Libya, UNDP sign deal to develop blue economy strategy Cooperation spans aquaculture, research, marine protection, capacity building Sector seen...
Digital outsourcing is often promoted as a gateway to jobs for Africa’s connected youth. Yet behind the promise of stable employment lies a more troubling...
Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond at an Extraordinary General Meeting scheduled May 7,...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...