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Saturday, October 7, 2017

DELTA LINE TO BOUNCE BACK

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Delta Line has been a financial drainage pipe for the state government and nothing concrete was done to stop massive stealing of government funds by some highly corrupt and unpatriotic staff of the company. Delta Line is not a charitable motor company. It was set up to run as a profit making corporate going concern essentially to cater for the transportation of passengers, goods and services at a fair tariff and in the same token make substantial annual profit for its owners, the Delta State Government and by extention the good people of the state. To the contrary, Delta Line over the years became “no man’s business” where unscrupulous elements within the company enriched themselves with proceeds from sale of tickets and other sources of income. Vehicles in its fleet were mismanaged devoid of maintenance culture resulting in the massive depletion of serviceable buses. The projected financial gains from several billions of Naira pumped into Delta Line crashed into private pockets. While private transport companies like God Is Good Motors, Agofure Motors, Edegbe Line, Greener Line and others were declaring huge profits and increasing their fleets and routes every year, Delta Line remained a lame dock and a problematic bankrupt organisation. The long history of acute operational and management failures as a result of massive corruption in Delta Line prompted forensic investigations into the affairs of the company by the Okowa administration. The result was highly discouraging and painful considering the wasted billions of Naira of tax payers money plunged into the bottomless pit of the transport company. The present administration under Gov Okowa after critical analysis of the epileptic services occasioned by embezzlement of government huge investments decided to settle for the best option of public-private partnership. The state government recently signed the joint ownership agreement on a 60-40 equity participation basis with the management of Good Is Good Motors. The new arrangement places the professional and efficient management of Delta Line in the competent corporate hands of GIGM. The private sector partner will expand the fleet and also deploy Mercedes Benz 15-seaters executive buses branded in Delta Line corporate colours. The new managers shall apply standard corporate policies with centralised checks and balances in the financial accounting protocol such that the leakages and financial recklessness will become alien to the motor company.

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