How were the issues surrounding the Manitoba Contract resolved? The revocation and then restitution of the N3.79 billion contract awarded to the Canadian firm, Manitoba Hydro International, for the management of the Transmission Company of Nigeria (TCN) was a serious embarrassment to the country and its leadership.
With conflicting statements emanating from the Presidency on the matter, confusion on the true position of things reigned for almost two weeks before some measure of sanity eventually prevailed. Unfortunately for a government that is fast assuming notoriety for revoking contracts even before the ink had dried on the contract paper, Manitoba has proved to be some form of an albatross.
For instance, the allegation that the management contract did not follow due process came nearly four months after it was signed on July 30 this year. The Bureau of Public Enterprises, (BPE), it is recalled had declared Manitoba its preferred bidder for the TCN, one of the firms created from the unbundling of the defunct Power Holding Company of Nigeria (PHCN). The Canadian firm had tendered a bid of US$23 million, though that was after the winner of an earlier bid in 2006, Grid Power of India, had been technically disqualified and the cost jerked up from the earlier winning bid of $5.1 million.
For instance, the allegation that the management contract did not follow due process came nearly four months after it was signed on July 30 this year. The Bureau of Public Enterprises, (BPE), it is recalled had declared Manitoba its preferred bidder for the TCN, one of the firms created from the unbundling of the defunct Power Holding Company of Nigeria (PHCN). The Canadian firm had tendered a bid of US$23 million, though that was after the winner of an earlier bid in 2006, Grid Power of India, had been technically disqualified and the cost jerked up from the earlier winning bid of $5.1 million.
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