Why Senate gives Edun seven-day ultimatum on N100bn gas project 

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Senate Committee on Gas has given the Finance Minister, Wale Edun, a-seven-day ultimatum to provide details of the award and disbursement of over N100bn to companies engaged in the handling of the Presidential Compressed Natural Gas projects allegedly done in breach of the Public Procurement Act 2017.

The lawmakers noted that the request was coming on the heels of plans by the PCNG to release another N130bn to an unspecified number of companies, ignoring an earlier warning by the Gas Committee that spending taxpayers’ money on the said gas infrastructure development projects without National Assembly approval would amount to extra-budgetary expenditure and gross violation of the public procurement Act.

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The committee had earlier commended President Bola Tinubu for the CNG initiatives but asked the President to urgently present a supplementary budget to the National Assembly to cover such spending.

The letter asking the finance minister to furnish the committee with details of the award and disbursement of over N100bn was a sequel to a fresh petition by a group known as “Good Governance and Transparency Front”, accusing the chairman of the Steering Committee of Presidential CNG Initiative of approving the disbursement of the funds to cronies without following due process and the Public Procurement Act, 2007.

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