The Minister of Power, Adebayo Adelabu, has said a private company reportedly held on to N32 billion paid into its account in 2003 for the supply of three million prepaid metres.
On Wednesday, the Minister's Special Adviser, Strategic Communications and Media Relations, Bolaji Tunji, disclosed this in a statement while responding to the controversial N40 billion meter contract award to a foreign firm, De Haryor Global Services. He explained that the Federal Government had entered a tripartite agreement with Messrs Ziklagsis Network Limited and Unistar International in 2003 to supply three million meters to distribution companies in the country within three years.
'In November 2022, discussion began on the project among the parties, and an agreement was signed between the Nigerian Army as a client, Messrs Ziklagsis as project supervisor and De Haryor Global Services as a service provider to commence the metering projects in Army barracks at a cost of N12.7billion, under the MDAs metering project. This predates the appointment of Adelabu as Minister of Power.
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