Nigeria In One Minute
$16bn power projects: EFCC begins probe of suspects
Following representations made by some civil society groups, the Economic and Financial Crimes Commission (EFCC) has set machinery in motion to probe the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.
The anti-graft agency may invite two ex-ministers, former top officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company and all the people recommended for investigation by a committee of the House of Representatives.
A team in EFCC was already collating facts and figures at press time yesterday.
But a top source, who spoke in confidence, said the move was not targeted at ex-President Obasanjo.
According to findings by The Nation correspondent, the EFCC might conduct a forensic and comprehensive investigation into the alleged $16 billion power projects.
The Nation, May 26, 2018
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