Adebayo Adelabu, minister of power, has explained how a private company held on to the sum of N32 billion paid into its account for the supply of three million prepaid metres in 2003.
The agreement, the minister said, was for the firm to supply meters to electricity distribution companies in the country within three years. He said the Nigerian army, concerned about its massive electricity debt, had written to the presidency to request assistance in paying off the outstanding debt and metering their formations.
“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.
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