\n
Management of the Northern Development Authority (NDA) have exposed a stinky tricycles deal that the then Savannah Accelerated Development Authority (SADA) with a private company named UNIK Savannah.<\/p>\n
The deal was termed SADA-UNIK Savannah Tricycles Agreement.<\/p>\n
According to NDA, it was worth an amount of $9,500,000.<\/p>\n
The contract was for the provision of 5,000 tricycles under the tricycle project.<\/p>\n
According to the NDA in a statement, out of the 5,000 tricycles that were imported, 3,000 were assembled, 2,239 were released\/sold and 732 \u201cleft under very unfriendly weather conditions.\u201d<\/p>\n
Setting the records following claims made against it, the NDA pointed out in the statement that currently, there are a total of under 2,000 of the unassembled tricycles. <\/p>\n
Per the contractual agreement, it said, UNIK Savannah Limited was to procure, assemble and retail tricycles and motorcycles.<\/p>\n
\u201cSecondly UNIK Savannah was also to identify market officers or agents, and, through a hire purchase agreement, to sell out these tricycles via a credit system process,\u201d it noted.<\/p>\n
UNIK Savannah Limited otherwise known as UNIK Dezines strangely collapsed within six months of its creation, according to the statement.<\/p>\n
It explained that at the point of collapse Unik-Savannah had demonstrated a clear inability to recover payments of beneficiaries of tricycles through the marketing officers and agents. <\/p>\n
This was strange and appeared to have been orchestrated deliberately for personal \u201cgain-and-collapse\u201d game masterplan, it stated.<\/p>\n
Marketing officers of UNIK Savannah Limited were fingered in fraudulent inclination after they reportedly received payments from some beneficiaries but failed to account for same, NDA reported in the statement.<\/p>\n
In the wake of this, it said, monies that were expected to be paid into a special account at Stanbic Bank to amortize a letter of credit guaranteed by the authority were never paid. <\/p>\n
It claimed that the tricycle business was designed as a Private Public Partnership (PPP). <\/p>\n
However, it stated that there was one-sided expenditure by SADA, as it bore all the cost of this UNIK Savannah\/SADA Venture.<\/p>\n
\u201cA whopping Nine million, Five Hundred Thousand (US$9,5000,000) was provided by SADA alone via a Letter of Credit arrangement (L\/C) and none by its PPP Partner to procure the tricycles.\u201d<\/p>\n
This cost, it revealed, the records show included import, salaries and allowances, transporting and carriage, field clearing and other services. <\/p>\n
Poor Leadership<\/p>\n
It is clear that then SADA did not show leadership, professionalism and prudent resource management. It is this which plunged the UNIK Savannah into huge debts, according to the statement.<\/p>\n
Furthermore, it disclosed that it was clear that having planned the procurement of thousands of bulky goods, SADA failed to anticipate the storage facility needs for the consignment. <\/p>\n
\u201cThus no proper facility was provided for the assembled tricycles leaving them under the mercy of the weather for years and resulting in a significant depreciation of up to 60% according to the latest valuation by the State Transport Company (STC) Limited\u201d, it said.<\/p>\n
\u201d It was realized that the organizational structure of UNIK Savannah was deficient paving way for fraud by some of the marketing staff.\u201d<\/p>\n
Unanswered Questions<\/p>\n
\u201cThere are still more questions than answers. Where is the PPP Agreement between SADA and UNIK Savannah? What were the terms of agreement between SADA and UNIK Savannah? it quizzed.<\/p>\n
BY Melvin Tarlue <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Management of the Northern Development Authority (NDA) have exposed a stinky tricycles deal that the then Savannah Accelerated Development Authority (SADA) with a private company named UNIK Savannah. The deal was termed SADA-UNIK Savannah Tricycles Agreement. According to NDA, it was worth an amount of $9,500,000. The contract was for the provision of 5,000 tricycles […]<\/p>\n","protected":false},"author":1,"featured_media":713837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-713836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\n
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