- Transmission Company of Nigeria (TCN) management contractors, Manitoba Hydro International Nigeria Limited (MHINL) has threatened to withdraw over alleged “substantial breach of contract.”
- Manitoba has given a September 3 deadline to end the N1.6 billion contract unless the breach is rectified.
The Canadian firm said the market operator, part of the TCN had opened a different bank account into which electricity funds were diverted.
- The firm also alleged that TCN owed it outstanding invoices amounting to $3.4 million USD (N668 million) dating back to May 1.
- The company has given the federal government a 14-day ultimatum within which to address its concerns or it would suspend its contract.