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House Of Reps Raises Eyebrow Over N39 Billion Paid To Unqualified Prepaid Metre Company

The Nigeria House of Representatives has raised an alarm over the sum of N39 billion paid by the Nigeria Electricity Regulatory Commission (NERC) to an unqualified company to supply prepaid metres to consumers.
The House therefore gave an ultimatum to the NERC to explain why it registered a company without capacity to deliver but was given N39 billion to supply prepaid meters for distribution to consumers.
It said that the company, Ziglasis, was contracted by the Federal Ministry of Power and paid N39 billion to supply prepaid meters, but failed to do so after collecting the money for the project.
It queried the Electricity regulator for licensing the company which has not delivered on the contract as signed and collected tax payers money.
He asked the Vice Chairman of NERC, Musiliu Oseni to bring the Managing Director of Ziglasis and officials of the Ministry of Power before the House on Nov 14 to explain why the company had not delivered on the contract.
However, the commission said that the contract for the supply of the meters was not awarded by the Ministry even as the House insisted that since they gave the license to the company that qualified them for the contract, the commission should produce the management of the company.
The House also queried the agreement entered into between the Nigeria Bulk Electricity Company and Azura power company in the table or pay agreement which committed the country to 30 million dollars power purchase agreement.
It said that the agreement with Azura is such that whether or not the company supply power to turn national grid, the country must pay them $30 million monthly, adding that the agreement has a world Bank guarantee.
Source: NAN

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