FEC approve N142.24bn e-Customs project amid controversy
Amid controversy, di Federal government don approve an e-Customs modernization project at N142.24 billion.
Di approval dey come amid reports of an existing court order wey restrain di e-custom project from proceeding.
Meanwhile, Clem Agba, di Minister of State, Budget and National Planning yarn say he no dey aware of any court order on di project.
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Also, hin disclose dis matter to State House correspondents shortly after Wednesday Federal Executive Council, FEC meeting, wey dey led by Vice President Yemi Osinbajo for di Villa for Abuja.
Agba explain sat di concessionaire include Bergman Securities Consultant and Suppliers Limited as di project sponsor, Africa Finance Corporation UFC as di lead financier and Huawei Technologies as di lead technical service provider.
In addition, Agba yarn say di concessionaire don furnish di government with $9m (N4.14 billion) security from di satisfactory performance of di project plus a debt facility timesheet for di sum of $300m (N138 billion) to finance di first phase of di project.
He stress say di concessionaire go take 45 per cent of wetin dem go benefit to di comprehensive input service scheme while 55 per cent dey go di federal government confers.
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