Cancellation of oil,gas pre-shipment

Here is a statement from the office of the Minister of Finance Kemi Adeosun says that the to cancel oil,gas pre-shipment tender decision was taken following the receipt of numerous complaints and a petition regarding alleged irregularities in the process.

“The sheer volume of complaints and the wide range of sources they emanated from had raised a sufficient level of concern around the process to warrant a full cancellation rather than a suspension. This administration stands for transparency and accountability and it is therefore important that all procurement and tendering exercises must be undertaken in accordance with best practices.”the statement read

President Buhari had in June, ordered the finance ministry under the former permanent secretary, Anastasia Nwaobia, to commence the process of engaging pre-shipment inspection and monitoring agents. Upon the approval of the Bureau of Public Procurement, a selective tendering process was initiated under which 65 companies were selected and invited to bid.