Tuesday, 8 September 2015

SENATE BEGINS PROBE OF POWER FUNDS UNDER OBANSANJO, YARADUA AND OTHERS

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The Senate will today begin investigation into the alleged unwholesome practices in the power sector from the administration of former President Olusegun Obasanjo till date.
Based on the circular issued by the clerk of the Senate Ad hoc Committee on Power, Cletus A. Ojabo, there are indications that former Ministers of Power would be in attendance.
Ojabo, said the power sector probe would be in form of investigative hearing and interactive session.
Ojabo said the investigation would centre on  the funds appropriated for the power sector since 1999 and the unbundling of the Power Holding Company of Nigeria (PHCN).

It is expected that all those who played key roles in the power sector since 1999 including ministers and heads of government departments and parastatals, will appear before the panel.
Senate President, Bukola Saraki, inaugurated the ad-hoc committee to conduct a comprehensive probe of allegations of questionable practices in the power sector.
The committee headed by Senator Abubakar Kyari, is charged with the task of looking into the entire power value chain including generation, transmission and distribution, with a view to identifying what the problems in the sector are.

The senate president frowned at the continued absence of regular supply of electricity despite the country’s huge investments in the sector.

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