Reps order probe of Manitoba over jumbo salaries
The House of Representatives on Thursday mandated its Committees on Power and Public Procurement to investigate an alleged massive corrupt practice perpetrated by Manitoba Hydro International Nigeria Limited.
This resolution followed a motion moved by Hon Jonathan Gaza (Nasarawa-PDP) which was adopted by members through voice vote.
Gaza explained that the Federal Government entered a management contract with Manitoba which effectively altered the character of the management contract in certain respect.
He mentioned that the management contract included emoluments for 15 expatriates but only eight are working at the Transmission Company of Nigeria (TCN).
Gaza further said that the Managing Director of TCN draws a monthly salary of N35.500 million while other expatriates and the Managing Director, ISO earna monthly incomes of N20.500 million and N19.100 million, respectively.
He explained that although the official exchange rate of the dollar to naira four years ago was around N160 which was now N199.
According to him, the exchange rate being used by the management company since 2012, has been N395, a rate that was and is still higher than both the official and parallel market rates.
Jonathan further said that as a result of the unlawful exchange rate being used by Manitoba in the last 13 quarters, TCN had fraudulently and illegally lost N3. 769 billion over its entitlements.
“In April 2016, the management company unlawfully revalidated a 2010 contract worth N1,900,000,000 and awarded it to ABB India without due process, in flagrant violation of the public procurement Act, 2007.
“It is disturbing that Manitoba has not met its key performance indicators (KPI) under the management contract and has clearly failed to justify the humongous sum of money it has drawn in expatriate emolument.
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