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Friday, December 8, 2017

JUST IN: Multi-Billion Naira Contract!!! Buhari’s Presidency Finally Bows To Atiku Abubakar’s Pressure, Awaits Attorney-General’s Approval


JUST IN: Multi-Billion Naira Contract!!! Buhari’s Presidency Finally Bows To Atiku Abubakar’s Pressure, Awaits Attorney-General’s Approval

The President Muhammadu Buhari-led Federal Government, is finally set to restore former Vice President, Atiku Abubakar’s multi-billion naira contract with the Nigerian Ports Authority, NPA, and Intels Nigeria Limited.

Emerging report indicates that the NPA is however, awaiting clearance from the Attorney-General of the Federation and Minister of Justice, AGF, Abubakar Malami, for possible restoration of the contract seized from the logistics firm.
Recall, that Atiku’s Intels and NPA had been locked in a fierce business face-off, resulting in several tension-soaked meetings and exchange of aggressive correspondences.
The termination of the contract was as a result of Atiku’s Intels’ non-compliance with the Federal Government’s Treasury Single Account policy, TSA.
The Managing Director of NPA, Hadiza Bala-Usman, revealed that the dispute between the two parties had now been resolved. That was after Intels formally wrote the NPA, apologising for its initial rejection of the regulator’s directive on TSA, and then stating its readiness to comply.
In the letter, Mrs. Bala-Usman said Intels “has now tendered its unreserved apology, and undertakes to totally comply with Treasury Single Account (TSA) of the Federal Government.”
She continued: “The Company has further stated its readiness to execute the Standard Operating Procedure (SOP), which was drawn by the Authority to bring the implementation of Service Boats Agreement in line with extant regulation and Government directives.”
“Sir, the crux of the disagreement between the Authority and Messrs INTELS Nigeria Limited relates to the compliance with TSA policy of the Federal Government, which by the letter from the company is now resolved. There is currently no dispute between the parties on the basis of Service Boats Agreement.”
Since the NPA relied on Malami’s legal advisory to terminate the contract, Mrs. Bala-Usman is now requesting the Attorney-General’s clearance to reinstate the contract.
“May I therefore, seek your legal guidance on the above to enable me to respond to the request of Messrs. Intels Nigeria Limited accordingly”, Mrs. Bala-Usman told the Attorney-General.

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