We Never Hired British PR Firm for $2m—Finance Ministry

By Dipo Olowookere

The Director of Information in the Federal Ministry of Finance, Mr Salisu Dambatta, has denied a media report that claimed the Ministry hired a British Public Relations company, Africa Practice R & B, for $2 million (N612 million) to handle communications of the Minister of Finance, Mrs Kemi Adeosun, throughout the one week she attended the World Bank/International Monetary Fund Spring meetings in Washington DC.

Mr Dambatta, in a statement issued on Wednesday in Abuja, stated that the PR agency was only hired by the Federal Government as part of the Eurobond programme.

According to him, the firm was retained by the Federal Government for N28.9 million for three years on the “approval of the Federal Executive Council (FEC) in November 2016 to work for the Debt Management Office (DMO) as part of the Eurobond programme alongside Standard Chartered Bank, Stanbic IBTC Holdings PLC, Citibank, WHITE & CASE LLP and Banwo & Ighodalo.”

He emphasised that due process was followed in the selection of the agency after a competitive tender advertised in international and local newspapers.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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