A consultancy deal quietly orchestrated by Zainab Ahmed, former minister of finance, budget and national planning, is raising eyebrows in the power sector, with several insiders telling TheCable it is
To execute a Make-up Gas Reprocessing deal, the ministry appointed a “transaction adviser” in an arrangement that some fear might land the federal government in legal challenges.
“Accugas and NDPHC were already discussing the extension of the sunset date for the utilisation of the MUG without the involvement of any consultant or adviser. Both parties subsequently executed an addendum to the GSA that provides for the MUG to be utilised within seven years,” an official of the ministry of finance told TheCable.
“What would usually happen is for the two parties to concede doing one of the following or both: one, renegotiate the take-or-pay quantity upon which the GSA was executed or, two, extend the sunset date for the utilisation of the MUG.”Moyi Dahiru, then special assistant on power to Ahmed, had led the discussions with the power sector stakeholders to discuss the MUGR proposal early 2022.In attendance were officials of the Nigerian Bulk Electricity Trading Plc, NDPHC Ltd, Accugas and Azura.
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