Under the GSA agreement signed in May 2017 during the administration of former President Muhammadu Buhari, Nigeria is obliged to pay Accugas over $10 million monthly with or without gas supply to the Calabar GenCo, owned by Niger Delta Power Holding Company (NDPHC) Ltd.
While moving his motion, Bassey said the agreement the federal government entered into with the company and how it would pay for the services rendered or not, was not transparent.
Contributing to the debate, Aminu Abbas, senator representing Adamawa Central, said there is a need to probe the deal.
It is a very serious issue when you look at the take or buy agreement. It is an issue that involves a huge amount of money,” Abbas said.
“If we look into it, it will help this country. The sum of $10 million is not a small amount of money.”
Thereafter, Barau Jibrin, deputy president of the senate, referred the motion to the committee of power (when constituted) to look into the matter.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
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