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FG Revokes Single Window Systems N 4.5 trillion Contract

By on February 1, 2012

After much controversy centering on allegations of corruption and impropriety, the Federal Government has terminated the contract awarded to Single Window Systems and Technology Limited.

The contract which allowed for a sole submission point for importers and exporters to lodge their documentation was unilaterally awarded by the Federal Ministry of Finance, under the Umaru Yar Adua administration, on behalf of the Nigeria Customs Service to the company registered in June 2010 with N 1 m share capital. The contract was reported to be worth N 4.5 trillion.

A director of the company is the son of the former Comptroller General of Customs.

Speaking on the contract revocation, the Ministry of Finance stated, “the decision to discontinue the contract was based on an investigation by the Ministry of Finance which looked into the processes and the terms of the contract. “The investigation which was approved by the President revealed that the contract breached the provisions of both the Procurement Act and the ICRC Act”.

Mr. Abdulkadir Azarema, Comptroller ASYCUDA, Nigeria Customs Service had earlier said on the ciontroversy, “How can a company enter such an agreement without the knowledge of the Nigeria Customs Service? The Nigerian customs was not involved in the execution of the agreement entered by the Federal Ministry of Finance through the Former Honourable Minister of Finance; Olusegun Aganga, therefore we were not carried along by the company called Single Window System Technologies Limited, therefore we have no relevant information about it to say that we are part of the agreement entered between the former minister of finance and the Single Window System Technologies Limited. The customs received a letter of notification from the supervisory of the ministry of finance that a concession agreement  has been entered between the Federal Government of Nigeria and Single Window Technology Limited  which was dated 24th May 2010,while another letter was received from the ministry on the 23rd of June 2011,that a perfection agreement has been signed between the Federal government and the Single Window System Technologies Limited,  so where did the customs come into play before the contract was signed?”

 

  • Anonymous

    GOOD

  • Anonymous

    FROM INTELLIGENCE SOURCE .
    THERE IS SHAKE UP IN NNPC , 38 NEW PROMOTED WHILE 28 RELOCATED .
    28 RELOCATED — THIEVES. THEY OUGHT TO BE JAILED .
    GMD — OUGHT TO RESIGN. NOT ENOUGH FOR NIGERIANS .
    THEY HAVE DO ALOT OF MESS WHICH HAVE AFFECTED THE LIFES OF NIGERIAN BADLY .
    THEY NEED TO BE SACKED WITHOUT COMPENSATIONS