N’Assembly to probe Obasanjo’s $10bn on electricity

No Comments » January 24th, 2008 posted by // Categories: Energy Development Project


Thursday, 24 Jan 2008

N’Assembly to probe Obasanjo’s $10bn on electricity

Chiawo Nwankwo

The House of Representatives Committee on Energy will on Thursday seek the leave of the House to investigate the alleged $10bn spent on electricity generation by the administration of former President Olusegun Obasanjo.

Two members of the committee, Messrs Patrick Obahiagbon and Rabe Nasir, confirmed to newsmen on Wednesday that a motion would be tabled on the floor of the House to this effect.

The decision of the House Committee to initiate the probe is coming on the heels of President Umaru Yar‘Adua‘s disclosure last week that his predecessor wasted $10bn on power generation without ay result, adding that his government would not rush into sinking more funds indiscriminately into the power sector.

Yar’Adua’s revelation came when he received the Vice-President of the World Bank in charge of Africa, Mrs. Obiageli Ezekwesili, who was a former minister under Obasanjo’s government.

He said, “I have told the leadership of the National Assembly that the Federal Government will inject its share of the excess crude account into power and the states have also assured me of what they will put in.

“Even if all these funds come in today, I will warehouse it until we get a clear direction, hopefully within the next one month, after which I will send a supplementary appropriation bill specifically on power to the National Assembly.”

However, Obahiagbon said the House Committee was not pleased with the situation, adding that only an irresponsible committee would be insensitive, and treat with levity and Olympian aloofness that presidential revelation.

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