CONSTRUCTION giants, Julius Berger Nigeria Plc., has disclosed that it has suspended its operations in the Northern part of the country due to the security challenges posed to its activities by the Boko Haram bombings across Nigeria

Managing Director of the company, Engineer Wolfing Goetsch, stated this in Abuja at its 42nd Annual General meeting, which held at the Shehu Musa Yar’ Adua Centre.

The Chairman of the company, AVM Nurudeen Imam (Retd.), in his address, said that Julius Berger has experienced no serious security incidents in 2011 but nevertheless, cannot ignore the fact that security issues require the company to remain vigilant and that while the Niger Delta Amnesty programme continues to prove effective, Boko Haram activities are an increasing concern.

According to AVM Imam, the company recorded a gross profit of  N34 billion in 2011 compared to the N29 billion garnered in the preceding year.

Revenue from construction contracts alone amounted to N17 billion in 2011 as against the N171 billion recorded in 2010, while dividend of N2.40 per ordinary share would  be paid to shareholders after the deduction of withholding tax at the appropriate time.

He added that the company has diversified its customer base to include clients from the oil and gas sector, private individuals and others to prevent the re-occurrence of  any unanticipated risk  in particular customer cluster or business line.

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TRUE BORDERS
written by Diasporajohn, June 30, 2012

WOW!!! I just read two articles titled ‘TRUE BORDERS’ and ‘LASSA FEVER’ concerning BOKO HARAM. They are posted at the following site:

http://subsaharanintel.blogspot.com

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