• Saturday, July 13, 2024
businessday logo


No existing financial commitment by previous administration on Geometric Power Project — Abia Govt

No existing financial commitment by previous administration on Geometric Power Project — Abia Govt

The Commissioner for Information and Culture, Okey Kanu, has said that there is no existing financial commitment by the previous administration in the Geometric Power Project.

Kanu said this on Tuesday during a press briefing on the outcome of the State Executive Council at the Government House, Umuahia.

He said that the State Government had received a lot of commendation from people for its support towards the inauguration of the Geometric Power Project.

Read also: Why I located $800m Geometric Power plant in Aba- Barth Nnaji

According to him, the development had equally raised claims from certain quarters that the previous administration made some investments in the project for the state government.

Kanu said that the government worked with facts and not assumptions, and added that during the handover the present administration did not receive any document that confirmed the claims.

He said: “Geometric Power Plant is a private sector led investment company and you don’t speak about things that don’t exist

“At the point of handover from the previous administration to this administration, I don’t think there is any existence of financial commitment on the part of the state in the Geometric Power Plant.

“Like I said we don’t need to speak to something that doesn’t exist,”

Also, the Special Adviser to the Governor on Media and Publicity, Ferdinand Ekeoma, described the government as an institution that follows certain processes and maintains a certain standard in its operations.

Ekeoma further said that the present administration did not have any documents that confirmed that the government during the previous administration made a financial commitment to the project.

Read also: Aba makes history as Tinubu inaugurates Geometric Power plant today

“I have heard from the spokesperson of the former government claim that there was an agreement, of course, we have been told that the state invested $5 million in geometric which gave them the opportunity to own five per cent equity share.

“At a different occasion, a former commissioner of Information during the previous administration claimed that a certain amount was paid and not the entire amount.

“That gave the Chairman of Geometric the premise to say what he said a few days ago.

“If you fulfilled your own side of the agreement it would give you the opportunity to take the said equity.

“As long as we don’t have any documents what it means is that such does not exist,” he added.

Ekeoma said that it would be pleasing to see that something was invested in a multibillion naira project in the name of the state.

According to him, it would be a welcome development to know that the government was inheriting something substantial from the previous administration.

“We are not dismissing what the former government said but all we are saying is that we would need to have a document.

Read also: Jubilation in Aba as Geometric power turns on turbine

“You cannot go to geometric and begin to claim you did so and so thing, when in actual sense you have nothing to show for it,” Ekeoma said.