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Senate probes NPA’s $3bn spending on dredging

The Senate, on Wednesday, began a probe into the $3bn allegedly spent by the Nigerian Ports Authority on the dredging of Lagos, Bonny and Calabar water channels.

The lawmakers mandated the Senate Committee on Marine Transport to investigate the “dredging activities, books and records” of the NPA and the three companies engaged for the job, where the authority holds 60 per cent stake.

They are Lagos Channel Management Limited, Bonny Channel Company Limited, and the Calabar Channel Management Company Limited.

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