The Federal Government has terminated the contracts of two Payment Service Providers (PSP) for failure to meet up with the contractual agreement to commence Conditional Cash Transfer (CCT) to beneficiaries in four states. The providers whose contracts were terminated are; Data Mining Company and Innovative NIPOST.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq the termination was with immediate effect.
“The termination is in line with the World Bank procurement guidelines to ensure that payments commenced in the affected states on or before April 28,” she stated.
The affected states are as follows; Bayelsa and Akwa Ibom in the South-South region, Abia in the South East, and Zamfara in the North West.
“The Nigerian Government cannot accept delays in the current payment round of N20,000 stipends to beneficiaries in poor and vulnerable households under any excuse in the four states or any other state of the federation.
“The failure of any payment service providers to meet their contractual agreement is unacceptable.
“Government through the Ministry cannot allow contractors to derail the immediate CCT to the poor and the vulnerable,” the Minister explained.
President Muhammadu Buhari had during his first National broadcast announced the payment as a measure to cushion the effect of the Coronavirus lockdowns in the country on poor and vulnerable households.