‘’ABC Of The Allegations I Hired Foreign Public Relations Firm For $2m’’ Finance Minister Kemi Adeosun Speaks On Raging Controversy



The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday denied claims that she hired a foreign public relations firm for the sum of $2m (N800m).
An online news portal had reported that she paid the firm, Africa Practice, the sum for media consultancy services.
But in a
statement issued by the Director of Information in the Finance ministry, Salisu Dambatta, the minister said the sum of N28.97m for three years was approved by the Federal Executive Council in November 2016 to enable the firm work for the Debt Management Office as part of the Eurobond programme.
She said the firm was to work alongside Standard Chartered Bank, Stanbic IBTC Holdings Plc, Citibank, White & Case LLP and Banwo & Ighodalo.
The statement stated that the contract followed a competitive tender that was advertised in international and local newspapers, including the Federal Tenders Journal.
The minister added that due process was followed in the bidding process, noting that the outcome was publicly announced earlier this year.
The statement read in part, “The key criteria used in the evaluation of the technical bids submitted by the appointed transaction partners, including Africa Practice, were company track record and credentials; evidence of valid licences to operate in the market or jurisdiction in which they are domiciled, global presence, and transaction history with the Federal Government or any of its agencies.
“The representative of Africa Practice was in Washington DC in continuation of the Eurobond programme, and in support of the country’s outreach with international investors, who showed great enthusiasm to do business with Nigeria.
“However, the false story has not dimmed the successful participation of the Nigerian delegation in the World Bank meetings, nor questioned the obvious gains made by Nigeria in the course of the meetings.”

Punch

Comments

Post a Comment

Popular posts from this blog

Billionaire Akanimo Udofia Responsible For Oil Man Igho Sanomi's Crashed Marriage

Image
How The Erstwhile Brothers-in-Law Became Enemies Over Infidelity-based Allegations The marriage between billionaire oil magnate and philanthropist, Igho Charles Sanomi, and his wife, Eghonghon, has crashed. Eghonghon has moved out of her matrimonial home with the four children from the union, and has even filed for a divorce. Predictably, Sanomi, whose world revolves around his family, is distraught and devastated by this downward turn of event. Never would he, or even, Eghonghon, have thought that the love they had been nurturing from their college days, would come to such an abrupt end. Sources disclosed to The ELITES that the marriage between Sanomi and Eghonghon crashed as a result of myriad of problems, which was completely beyond the couple’s control. Somehow, the news of their crashed marriage was only known to just the couple’s families and close friends. Tragically too, the blame for the Sanomis’ crashed union, is being leveled on Akanimo Udofia, the billionaire busi
Read more

Single Mother Temitope Adesegun Is Ooni Ogunwusi's Soon-To-Be Wife

Image
Ooni of Ife, Adeyeye Enitan Ogunwusi has chosen his main heartthrob. And she is identified as “Tope Adesegun”. “The full name is actually Temitope Adesegun” a source disclosed. Light skinned and label a “beauty to behold”, the latest sweetheart of the leading monarch is said to have a two-year-old daughter. Details of the circumstances of the former life that transformed Tope into a single mother are sketchy. “But whatever she went through, it is obvious what she has going with the Ooni is far better” a source disclosed. Societynow.ng gathered that Tope pushes above heavy interests from quite a tidy number of other women to assume current status with the Ooni. Twice divorced – one before he became the Ooni – Oba Ogunwusi is “single” and has transformed the subject of intense wooing from women and family of all shades of colours. Source: Societynow
Read more

Oba Elegushi's New Wife, Hadiza Won't Live Under Same Roof With Olori Aramide

Image
Hadiza, the new wife of Oba Saheed Ademola Elegushi would be living apart from first wife Olori Sekinat Aramide – for now. Sources confirmed that based on existing arrangement new wife Hadiza would be primarily based in Abuja with periodic visits to Lagos state. Young king Elegushi popularly known as King Gushi is the Elegushi of Ikate Land, which is one of the pieces of Lagos state. Sources disclosed that the reasons behind the strategy of King Gushi’s new wife, Hadiza opting to live apart from the first wife Seki are two folds. ‘’To protect her business and maintain the peace while the anger of the first wife cools off’’ societynow.ng learned. Olori Sekinat is said to have kicked very against Oba Elegushi’s marriage to Hadiza, the new Olori when she was informed. Sources disclosed Oba Elegushi had stayed well ahead of the consequence of his first wife’s anger -and strong opposition – by informing her of the plan to take a second wife when she could do little or nothing to st
Read more