According to him, the breakdown of the deal was basically due to an invalidation of the guarantee established in the deal between the parties. Speaking during his vetting before the Appointments Committee of Parliament, he said that the contract had to be cancelled after the invalidation was noticed. And if it was not valid then that means the whole contract was invalid and hence had to be cancelled," he said. Asked by Mohammed-Mubarak Muntaka, the Asawase Member of Parliament, if the country lost money in the PDS deal, this is what he had to say:"No. Actually, we averted the possibility of losing money if something had happened to the ECG asset," he answered.
