State Transport Company (STC) has terminated its contract with Prudential Solutions Limited.
This follows the inability of Prudential Solutions to satisfy the arrangement to settle its accumulated indebtedness to STC.
In a letter sighted by Kasapafmonline.com, Management of STC rejected a payment arrangement submitted to it by Prudential Solutions.
The arrangement proposed:
The statement signed by the new Managing Director of STC Nana Akomea, instructed Prudential Solutions Limited to return all assets and properties belonging to STC in their possession by the close of work Friday, 4 August, 2017.