The acting National Chairman of the New Patriotic Party (NPP) Freddie Blay is to spend a whopping $11, 412, 500 – an equivalent of GhC52,846,171.65 – to secure 275 buses for the party, Starrfmonline.com can confirm.
Documents available to Starrfmonline.com reveal that Mr. Blay, who is serving as a “Guarantor” on behalf of constituency chairpersons of the NPP, who are Trustees of the transport facility, has made a 30% deposit of the contract price, which is equivalent to $3,000, 000 (GhC13,795,561).
“This is not a fixed price content and shall be subject to adjustment, modification, escalation or any other additional costs or payment,” a part of the Guarantee (a formal assurance – typically in writing – that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality) in the possession of Starrfmonline.com reads.
The make of the vehicle is Toyota Hiace 2.5L Diesel High Roof with ABS, Manuel Transmission buses and a unit price is going for $41,500 (GhC190,592.36).
The contract, which was signed on October 25, 2017 is between Senalie Group represented by its Executive Director Christ Etse Azawodie as the “contractor” and the Constituency Chairpersons of the NPP as Trustees for and on behalf of the constituencies with Mr. Blay serving as the Guarantor.
The acting General Secretary of the NPP, Mr. John Boadu, signed as a witness for the Guarantor (Mr. Blay) while Mr. Fred Offei, the constituency chairman of Shai-Osudoku signed for and on behalf of the Trustees (Constituency chairpersons) in the presence of one Ruben Dorcoo.
Starrfmonline.com can also reveal that ownership of the vehicles is vested in UMB Bank until full payments are made.
“Title of the vehicles being sold shall be vested in the name of the Bank (UMB) and the Guarantor/Trustees, during the credit period and title to the Vehicles shall not pass solely to the Guarantor/Trustees until all outstanding amounts are fully paid up by the Trustees,” the Guarantee stated.
Spokesperson of Mr. Blay, Richard Nyamah said the buses are being procured with a bank facility, but he is not “in a position” to reveal the cost of each bus and the bank because “these are privileged confidential information.”