The committee is investigating the “unprecedented upsurge in oil bunkering in the Niger Delta” also expressed shock over sharing formula on generated revenue in a Public Private Partnership contract between the Nigerian Maritime Administration and Safety Agency (NIMASA) and the private security outfit purportedly owned by Tompolo.
Director General of NIMASA Mr. Ziakede Akpobolokemi had informed the lawmakers that the contract terms stipulate a 50-50 generated revenue sharing formula after the private security company.
He said the generated revenue target was N2.5 billion but as at last month, the company has made about N6 billion.
The MPs expressed anger when Akpobolokemi disclosed that the provision of a boat fitted with commercial revenue generating software by the private security firm was at no cost to NIMASA or the government.
On the sharing formula, Akpobolokemi said the contract was consummated in April as approved but the Federal Executive Council (FEC).
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