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House of Reps to probe Obasanjo, others over power project

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The House of Representatives on Thursday agreed to probe former President Olusegun Obasanjo among others over the contracts awarded, and payments made to contractors towards reviving the power sector in the country.

In a motion unanimously adopted by the House at the plenary on Thursday, the House said it will probe the $16bn spent by the President Olusegun Obasanjo-led administration between 1999 and 2007.

Apart from that, the probe will also cover the administrations of Umaru Yar’Adua, Goodluck Jonathan and the incumbent, Muhammadu Buhari.

The motion was moved by Mr Sada Soli with the titled, ‘Need to review government expenditure on the power sector to ensure sustenance of the power reform programme in Nigeria.’

The lawmakers resolved to set up an ad hoc committee to “carry out a comprehensive investigative hearing on how much money was spent on the power sector reform programme over the years without commensurate results and report back within six weeks for further legislative action.”

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Soli, while moving the motion, said, “The House notes that the Electric Power Sector Reform Act was aimed at removing the ineffectiveness of the sector in order to transform it into a more efficiently-managed sector.

The power sector reform was expected to open opportunities for the development of Small and Medium Scale Enterprises, increase access to electricity in processing farm produce, create job opportunities for Nigeria’s teeming graduates and enhance socio-economic development of the country.

“The House recalls that an investigative hearing was conducted by the House of Representatives in 2008 over the alleged spending of about $16bn on the power sector.

The set power generation target was that by year 2020, the nation would have achieved 40,000 MW based on the alleged investments in the proposed power plants, but till date, such generation target has eluded nation.

“The House acknowledges the lamentation by the President (Muhammadu Buhari) to the effect that such huge sums of billions of dollars could be spent without commensurate results in the generation, transmission and distribution of power supply in the country.”

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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