DAILY POST
Amid controversy, the Federal government has approved an e-Customs modernization project at N142.24 billion.
The approval is coming amid reports of an existing court order restraining the e-custom project from proceeding.
Meanwhile, Clem Agba, the Minister of State, Budget and National Planning said he is unaware of any court order on the project.
He disclosed this to State House correspondents shortly after Wednesday’s Federal Executive Council, FEC meeting, presided over by Vice President Yemi Osinbajo at the Villa in Abuja.
Agba explained that the concessionaire includes Bergman Securities Consultant and Suppliers Limited as the project sponsor, Africa Finance Corporation UFC as the lead financier and Huawei Technologies as the lead technical service provider.
Agba said the concessionaire had furnished the government with $9m (N4.14 billion) security from the satisfactory performance of the project plus a debt facility timesheet in the sum of $300m (N138 billion) to finance the first phase of the project.
