The Niger Delta Power Holding Company (NDPHC) says it did not approve the construction of a clubhouse in the sum of N480 million.
According to the organisation, the claim is sensational and aimed at damaging the reputation of its management.
The company says it is a law-abiding organisation with high regard for strict compliance with due process.
The claim that the sum of N480 million was approved for the construction of a clubhouse by the management the Niger Delta Power Holding Company (NDPHC) has been dismissed.
The organization described the claim as sensational and aimed at damaging the reputation of its management
This position is contained in a statement signed by the company’s Media Adviser, Adesanya Adejokun and made available to Legit.ng in Abuja on Thursday, April 6.
Also, it dismissed claims of last minute N6 billion contract awards.
The statement noted that the company is a law-abiding organisation with high regard for strict compliance with due process.
The statement read in part: “For your information NDPHC is a law-abiding organisation with high regard for strict compliance with due process. Our Tenders Board only approves procurement of goods and services that have undergone all stipulated processes and statutory requirements of the Procurement Act of 2007.”
Continuing, the statement added: “It is worth noting that NDPHC is not an adhoc organization, as stated in your publication. NDPHC is a limited liability company with a perpetual succession. It is owned by the three tiers of government, with tenured management and a board. What could then lead to such haste in awarding the contracts as suggested in your report?
“At the Tender’s Board meeting held on February 23, 2023, on the agenda was a backlog of pending transactions requiring urgent and immediate attention particularly spare parts and maintenance of the power plants that generate and supply electricity to the national grid.”
Nnaemeka Ewelukwa, managing director of Nigerian Bulk Electricity Trading (NBET), he assured that selling electricity when the country doesn’t have enough is strategic.
Nigeria successfully repays China, Islamic Bank, Arab Bank, IMF… While addressing the house of representatives committee on finance and explaining why Nigeria sells electricity to other nations when it does not have enough for its citizens, Ewelukwa said the transactions are more driven by specific generation companies like the Niger Delta Power Holding Company (NDPHC).
Source: Legit News