Manitoba Threatens To Pull Out Of TCN Contract

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• 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.

Daily Trust