Mereja.Forum

[Revelations]

[Revelations]

Please wait, video is loading...

[eden]

This is your post here from 2011

They are forcing people to buy "Millennium Dam bond". Here is how they plan to bilk the masses out of their little income. In the face of out of control inflation, such requirements should lead people to revolt sooner than later.

[Revelations]

[Revelations]

አንድዬ ፅናቱን ይስጥሽ ኤዱ! የአክሱም ማሪያምም ታፅናናሽ:: Time has proven me right and exposed your corruption and looting. Have you no shame?

https://iaccseries.org/blog/recent-corr ... n-from-it/

The MetEC Corruption Scandal

MetEC, which forms a part of the defence industry complex, was established with ETB 10 billion (€310 million) capital in 2010 by combining nine businesses previously owned by the ministry of defence, including Dejen Aviation Industry and Gafat Armament Industry. Six other industries, including plastic, tractor and vehicle spare-parts manufacturers, were also transferred to MetEC from the state privatisation programme. By forming this state-owned industrial complex and harbouring it under the military leadership, the government has intended to create local engineering capacity shaped by hard-working discipline to be emulated from the defence forces, and as a result to lay the foundation for the anticipated structural economic reform towards industrialisation.

Soon after its establishment, MetEC became involved in mega infrastructure projects across the country. They were awarded the hydroelectric segment of the Grand Ethiopian Renaissance Dam (GERD), which the country is building on the Blue Nile River, and have been contracted to build ten huge sugar factories with a planned capacity of producing 12 million tons of sugar each per annum. A large soil fertiliser factory was also awarded to MetEC. Apart from this, the company has expanded its interests to almost all industries, from manufacturing transformers, turbines and other equipment, to assembling heavy-duty trucks and automobiles. MetEC is also the sole entity manufacturing arms and ammunition, which they supply to the country’s defence forces as well as to neighbouring countries.

Nonetheless, MetEC couldn’t live up to its contractual obligations. None of the sugar factories nor the fertiliser project has been completed thus far. However, MetEC was paid more than 90 per cent to some of the sugar projects. In addition, it took ETB 11 billion (€340 million) which was the total cost of the fertiliser project. MetEC only managed to complete 40 per cent of the fertiliser project, which according to the contractual agreement should be completed some four years ago, resulting in a 100 per cent escalation on the total amount needed to complete the fertiliser project.

Regarding the electromechanical contract it took at GERD, considered as a flagship project of the state, MetEC has already collected 65 per cent of the total ETB 25 billion (€776 million) contractual amount, but it has done no more than 25 per cent of the work. Through the automotive industry, it has managed to assemble and manufacture dozen thousands of contraction and agricultural machinery including heavy-duty truck without proper assessment of the market need, consequently resulting in waste as the machinery has been gathering dust in warehouses.

MetEC was also accused of delaying and mismanaging the construction of the massive GERD.

The company has no mandate to provide any transport services but it bought two out-of-service ships from the state-owned Shipping & Logistics Services Enterprise at a cost of €2,9 million, the AG said. The ships were reportedly used in illegal arms trading and used to transport other contraband materials between Iran and Somalia. Furthermore, the corporation acquired five aeroplanes at a cost of ETB 25 million (€776,000) that was declared not to be airworthy by the Ethiopian Civil Aviation Authority. However, the aircrafts were used for private purposes by former MetEC officials.

In another case, it is alleged that MetEC carried out local procurements worth ETB 205 billion (€6,3 billion) without a bidding process. It also paid multiple times for a single procurement. It was allegedly engaged in repeated procurements from single suppliers without competitive bidding, which is against the law.

This is your post here from 2011

They are forcing people to buy "Millennium Dam bond". Here is how they plan to bilk the masses out of their little income. In the face of out of control inflation, such requirements should lead people to revolt sooner than later.

[eden]

You lost me there.

Did you hear your former boss in Asmera general kaaye chemeda? Lol

[Wedi]

Revelations great job, you hit eden on her head with BIG hammer!!

አንድዬ ፅናቱን ይስጥሽ ኤዱ! የአክሱም ማሪያምም ታፅናናሽ:: Time has proven me right and exposed your corruption and looting. Have you no shame?

https://iaccseries.org/blog/recent-corr ... n-from-it/

The MetEC Corruption Scandal

MetEC, which forms a part of the defence industry complex, was established with ETB 10 billion (€310 million) capital in 2010 by combining nine businesses previously owned by the ministry of defence, including Dejen Aviation Industry and Gafat Armament Industry. Six other industries, including plastic, tractor and vehicle spare-parts manufacturers, were also transferred to MetEC from the state privatisation programme. By forming this state-owned industrial complex and harbouring it under the military leadership, the government has intended to create local engineering capacity shaped by hard-working discipline to be emulated from the defence forces, and as a result to lay the foundation for the anticipated structural economic reform towards industrialisation.

Soon after its establishment, MetEC became involved in mega infrastructure projects across the country. They were awarded the hydroelectric segment of the Grand Ethiopian Renaissance Dam (GERD), which the country is building on the Blue Nile River, and have been contracted to build ten huge sugar factories with a planned capacity of producing 12 million tons of sugar each per annum. A large soil fertiliser factory was also awarded to MetEC. Apart from this, the company has expanded its interests to almost all industries, from manufacturing transformers, turbines and other equipment, to assembling heavy-duty trucks and automobiles. MetEC is also the sole entity manufacturing arms and ammunition, which they supply to the country’s defence forces as well as to neighbouring countries.

Nonetheless, MetEC couldn’t live up to its contractual obligations. None of the sugar factories nor the fertiliser project has been completed thus far. However, MetEC was paid more than 90 per cent to some of the sugar projects. In addition, it took ETB 11 billion (€340 million) which was the total cost of the fertiliser project. MetEC only managed to complete 40 per cent of the fertiliser project, which according to the contractual agreement should be completed some four years ago, resulting in a 100 per cent escalation on the total amount needed to complete the fertiliser project.

Regarding the electromechanical contract it took at GERD, considered as a flagship project of the state, MetEC has already collected 65 per cent of the total ETB 25 billion (€776 million) contractual amount, but it has done no more than 25 per cent of the work. Through the automotive industry, it has managed to assemble and manufacture dozen thousands of contraction and agricultural machinery including heavy-duty truck without proper assessment of the market need, consequently resulting in waste as the machinery has been gathering dust in warehouses.

MetEC was also accused of delaying and mismanaging the construction of the massive GERD.

The company has no mandate to provide any transport services but it bought two out-of-service ships from the state-owned Shipping & Logistics Services Enterprise at a cost of €2,9 million, the AG said. The ships were reportedly used in illegal arms trading and used to transport other contraband materials between Iran and Somalia. Furthermore, the corporation acquired five aeroplanes at a cost of ETB 25 million (€776,000) that was declared not to be airworthy by the Ethiopian Civil Aviation Authority. However, the aircrafts were used for private purposes by former MetEC officials.

In another case, it is alleged that MetEC carried out local procurements worth ETB 205 billion (€6,3 billion) without a bidding process. It also paid multiple times for a single procurement. It was allegedly engaged in repeated procurements from single suppliers without competitive bidding, which is against the law.

This is your post here from 2011

They are forcing people to buy "Millennium Dam bond". Here is how they plan to bilk the masses out of their little income. In the face of out of control inflation, such requirements should lead people to revolt sooner than later.

[Hawzen]

አንድዬ ፅናቱን ይስጥሽ ኤዱ! የአክሱም ማሪያምም ታፅናናሽ:: Time has proven me right and exposed your corruption and looting. Have you no shame?

https://iaccseries.org/blog/recent-corr ... n-from-it/

The MetEC Corruption Scandal

MetEC, which forms a part of the defence industry complex, was established with ETB 10 billion (€310 million) capital in 2010 by combining nine businesses previously owned by the ministry of defence, including Dejen Aviation Industry and Gafat Armament Industry. Six other industries, including plastic, tractor and vehicle spare-parts manufacturers, were also transferred to MetEC from the state privatisation programme. By forming this state-owned industrial complex and harbouring it under the military leadership, the government has intended to create local engineering capacity shaped by hard-working discipline to be emulated from the defence forces, and as a result to lay the foundation for the anticipated structural economic reform towards industrialisation.

Soon after its establishment, MetEC became involved in mega infrastructure projects across the country. They were awarded the hydroelectric segment of the Grand Ethiopian Renaissance Dam (GERD), which the country is building on the Blue Nile River, and have been contracted to build ten huge sugar factories with a planned capacity of producing 12 million tons of sugar each per annum. A large soil fertiliser factory was also awarded to MetEC. Apart from this, the company has expanded its interests to almost all industries, from manufacturing transformers, turbines and other equipment, to assembling heavy-duty trucks and automobiles. MetEC is also the sole entity manufacturing arms and ammunition, which they supply to the country’s defence forces as well as to neighbouring countries.

Nonetheless, MetEC couldn’t live up to its contractual obligations. None of the sugar factories nor the fertiliser project has been completed thus far. However, MetEC was paid more than 90 per cent to some of the sugar projects. In addition, it took ETB 11 billion (€340 million) which was the total cost of the fertiliser project. MetEC only managed to complete 40 per cent of the fertiliser project, which according to the contractual agreement should be completed some four years ago, resulting in a 100 per cent escalation on the total amount needed to complete the fertiliser project.

Regarding the electromechanical contract it took at GERD, considered as a flagship project of the state, MetEC has already collected 65 per cent of the total ETB 25 billion (€776 million) contractual amount, but it has done no more than 25 per cent of the work. Through the automotive industry, it has managed to assemble and manufacture dozen thousands of contraction and agricultural machinery including heavy-duty truck without proper assessment of the market need, consequently resulting in waste as the machinery has been gathering dust in warehouses.

MetEC was also accused of delaying and mismanaging the construction of the massive GERD.

The company has no mandate to provide any transport services but it bought two out-of-service ships from the state-owned Shipping & Logistics Services Enterprise at a cost of €2,9 million, the AG said. The ships were reportedly used in illegal arms trading and used to transport other contraband materials between Iran and Somalia. Furthermore, the corporation acquired five aeroplanes at a cost of ETB 25 million (€776,000) that was declared not to be airworthy by the Ethiopian Civil Aviation Authority. However, the aircrafts were used for private purposes by former MetEC officials.

In another case, it is alleged that MetEC carried out local procurements worth ETB 205 billion (€6,3 billion) without a bidding process. It also paid multiple times for a single procurement. It was allegedly engaged in repeated procurements from single suppliers without competitive bidding, which is against the law.

This is your post here from 2011

They are forcing people to buy "Millennium Dam bond". Here is how they plan to bilk the masses out of their little income. In the face of out of control inflation, such requirements should lead people to revolt sooner than later.

Sister Edu gual Adwa,

Let's be honest here. Sister Aslequ molested you singlehandedly in a very convincing way. You can't even make a good case to convince Ethiopians as to why you supported the construction of the Dam during the honeymoon of your TPLF bosses but you, your brother Adwusha, Ayte Halafi, and the rest of the low IQ Digital Weyanay Warriors are against the Dam now during the Nobel Peace Prize Winner Excellency Prime Minister Dr. Abby Amhed....

Congratulations Ethiopian brothers and sisters!!!

Victory to Fenqil Movement!!!


Dedebit is always dedeb
R.I.P Abay Tigray and TPLF

[Revelations]

ቧ! I never had you or wanted to have you, edu! But when you went digging, you thought I would be like አለ ማሪያም. I'm not. Or you hopped I may be ስለ ማሪያም. In reality, I'm በዐለ ማሪያም! Got it? probably not!

You lost me there.

Did you hear your former boss in Asmera general kaaye chemeda? Lol

[Revelations]