Fresh fact has emerged that the Partial Risk Guarantees that activated the Power Purchase Agreement between the Federal Government and Azura Power Plant was signed in August 2015.
The Senate had last Wednesday expressed concern over the monthly payment of $30m by the Federal Government for power and resolved to assemble local and international experts to review the agreement.
But a top Presidency official told journalists in Abuja on Sunday that the PPA preceded Buhari’s regime, having become operational in April 2013. Our correspondent is in possession of two circulars raised by the then AGF, Mohammed Adoke , stating his objection to the agreement as drafted. He listed why he could not issue the legal opinion to include that the PCOA was executed without regards to his legal opinion of July 24, 2014; and that the PCOA failed to incorporate the indemnity clause as directed by government circular number SGF/OP/1/S3/X/737 dated August 11, 2014.
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