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We will seek justice at UK court- Sibton Switch

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Denzil Lawson, the Chief Executive Officer (CEO) of Sibton Switch has stated that, his company has filed a law suite against Ghana in the United Kingdom to demand for justice over the Mobile Money interoperability contract.

The contract that was supposed to be signed between Ghana and Sibton Switch was sealed with Ghana Interbank Payment and Settlement System (GHiPSS).

Mr Lawson, said the claims that Ghana would save GHC 4 billion was not true and that Sibton would have executed the contract using a self-financing mechanism to raise the GH¢4.6 billion on their own to build a robust interface intended to ensure efficiency and safety.

 

 

 

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He added that the deal with GHiPSS will in the long ran cost the country  more than Sibton Switch would have made over the 20 year period.

Dr Mahamoudu Bawumia on Thursday May 10 2018 launched the Mobile Money interoperability agreement with Ghana Interbank, Payment and Settlement System (GHiPSS) to allow the transfer of monies across different telecommunication networks across the country.

Mr Lawson said, while speaking on Accra based radio station Starr FM “Under the Sibton deal there was no expenditure by the government of Ghana or anybody. It was a build and operate module. We were making all the investments and putting all the infrastructure in place for a charge revenue over a period which was much cheaper than what is being charged by the Bank of Ghana.

“It is all rubbish…people saying that they saved the country billions of dollars by doing it with the Bank of Ghana is rubbish. The simple fact is the sibton contract had no cost at all to Ghana, the Bank of Ghana solution has the country 4 or 5 million dollars.

 

 

 

 

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“Our fees and charges are much less than what is being charged by the Bank of Ghana. So were going to provide the infrastructure for zero and provide interoperability which was agreed between the Bank of Ghana and the telcos at 1.5 percent which is less than the 2 and a half percent that interoperability cost today”.

He further stated that, the court is to determine if his company was unfairly treated and hoping that they get to carry out the contract with Ghana or a judgment debt be paid.

 

 

SOURCE: Ghana Guardian

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