The services of two Payment Service Providers (PSP) have been terminated by the Federal Government for failure to fulfil the contractual obligation to initiate conditional cash transfer (CCT) to beneficiaries in four states.
Hajiya Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development made the disclosure in a statement signed Tuesday by Salisu Dambatta, her Special Assistant on Media.
The minister said the closure was with immediate effect.
The statement said the termination was in line with World Bank procurement guidelines to ensure payments start on or before April 28 in the affected states.
It identified the affected states in the South-South region, Bayelsa and Akwa Ibom, Abia in the South-East and Zamfara in the North-West.
The statement stated that Data Mining Company and Innovative NIPOST were the PSP whose contracts were terminated.
“The Federal 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.
“The Federal Government through the Ministry cannot allow contractors to derail the immediate CCT to the poor and the vulnerable,” it explained.