Officials of Foto X, the company at the center\u00a0of a controversial contract with the Driver and Vehicle Licensing Authority (DVLA), has denied any wrong doing.<\/p>\n
Alarming documentary evidence has revealed\u00a0that although the Public Procurement Authority approved a little over $3 million as the Foto-X contract ceiling, the contract sum signed by Justice Amegashie ballooned to over $9 million.<\/p>\n
[contextly_sidebar id=”f4jfE4LhgMecu1SGHjkakDWyU3N1PEme”]But the General Manager of Foto X, speaking to\u00a0Citi News<\/strong>, discounted the claims.<\/p>\n He said \u201cas far as we know as a company, there is only one contract and that contract clearly states 9.9 million; it is important to state that there was no typo as some suggest because that figure runs through the document in terms of the financial proposals that forms part of the contract that was given to the DVLA and signed by both parties.\u201d<\/p>\n The DVLA in 2006 entered into a contract with Foto-X to print\u00a0driver\u2019s licenses. Foto-X was expected to invest an amount of two million dollars.<\/p>\n In return, they were to take 80 percent of revenue that would accrue from the issuance of the driver\u2019s licenses, while the DVLA was entitled to 20 percent.<\/p>\n That contract, to last for 6 years, expired in 2012. The signing of another 10 year contract (to span between 2012 and 2022) had to be stalled following inconsistencies in the contract sum and other issues.<\/p>\n The contract, fraught with inconsistencies, has been largely condemned as a looting venture, causing the state to lose huge sums of money.<\/p>\n Former Head of the DVLA, Justice Amegashie, had told Parliament that the over payment was as a result of an error.<\/p>\n But the General Manager of Foto X explained, \u201cThat figure is not what DVLA is expected to pay us; it is what Foto X is expected to invest in the project over the next ten years. So there is no issue of DVLA having paid us any amount or pre-financed this contract.\u201d<\/p>\n –<\/p>\n By: Pius Amihere Eduku\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" Officials of Foto X, the company at the center\u00a0of a controversial contract with the Driver and Vehicle Licensing Authority (DVLA), has denied any wrong doing. Alarming documentary evidence has revealed\u00a0that although the Public Procurement Authority approved a little over $3 million as the Foto-X contract ceiling, the contract sum signed by Justice Amegashie ballooned to […]<\/p>\n","protected":false},"author":24,"featured_media":167018,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,4,17],"yoast_head":"\n