FG Queries Firm For Withholding FG’s N32bn Metre Fund .
Minister of Power, Adebayo Adelabu, is probing a private company for withholding the payment of N32 billion naira to be paid into its account in 2003 for the supply of three million prepaid metres.
A statement by the minister’s Special Adviser, Strategic Communications and Media Relations, Bolaji Tunji, said, the Federal Government had entered a tripartite agreement with Messrs Ziklagsis Network Limited and Unistar International in 2003 for the supply of three million meters to distribution companies in the country, within three years, and had indicated that, to kick start the project, a revolving metering loan of N32bn was released to Messrs Ziklagsis.
While debunking reports that due process was not followed in the mass metering project of military formations, which began last week, Adelabu said, the Nigerian Army, is worried by its huge electricity debt, and had wrote a letter to the presidency requesting intervention to pay off the outstanding debt and the metering of their formations.
Sign up and receive the latest tips via email.
