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Finance Minister orders suspension of $300m Customs modernisation deal

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THE Minister of Finance, Zainab Ahmed, has directed the suspension of a $300m Customs modernisation deal.The directive comes

THE Minister of Finance, Zainab Ahmed, has directed the suspension of a $300m Customs modernisation deal.

According to the letter, “the House of Representatives on Thursday 10th October 2019 at the plenary passed resolution No. HR132/10/2019 mandating a joint committee on Finance, Customs and Public Petitions to investigate the curious proposed concession agreement between the consortium Bionaca Technologies West Africa Limited- , Bergman Security Consultant and Supplies – , African Finance Corporation and Huawei .

Alagbaoso said: “There are some foreign companies who are very eager to sponsor, finance and provide technical services to what they call the modernisation of Customs, without recourse to the National Assembly. “This contract was to last for seven years, from 2005 to 2012 when the service providers handed over to Nigeria Customs Service.

“In 2017 another move for customs modernisation was made by the Technical Committee on the Comprehensive Import Supervision Scheme, purported to be acting on behalf of the Federal Government called Adani Systems Nigeria Limited to modernise, maintain, develop the scanning of goods in the country in line with the pre shipment inspection act for a period of 25 years.

 

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Nigeria’s Finance Minister, Zainab Ahmed, bags new degree from ‘PMB School of Good Governance’

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