THE Senate will today begin an inquest into alleged mismanagement of funds appropriated to the power sector from the Olusegun Obasanjo civilian administration to date.
In a statement, yesterday, by the Clerk of Senate ad hoc Committee on Power, Cletus Ojabo, the power sector probe will be in the form of investigative hearing/interactive session, just as there was an indication that former ministers of power will also be in attendance.
According to Ojabo, the investigation would centre on funds appropriated for the power sector since 1999 and the unbundling of the Power Holding Company of Nigeria, PHCN, adding: “ 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.” It will be recalled that Senate President, Bukola Saraki, had last month announced a 13-man ad hoc committee to carry out a holistic investigation into the management of funds appropriated to the power sector from the Olusegun Obasanjo civilian administration to date.
Senator Saraki had urged members of the committee to consider their reputation and integrity and come up with a report that would be acceptable to Nigerians. He lamented that a lot of money had been spent on the sector with no results, while Nigeria is still faced with the challenge of power supply.
The committee, which has Senator Abubakar Kyari, (APC Borno North) as chairman, was also saddled with the responsibility of looking into irregularities in the unbundling of the Power Holding Company of Nigeria, PHCN and to also probe how the Obasanjo, Umaru Yar‘Adua and Jonathan administrations managed funds allocated to the sector.
The committee was 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.
Saraki, who noted at the inauguration of the committee three weeks ago, that the task before the panel is huge, had however, frowned at the continued absence of regular supply of electricity despite the country’s huge investments in the sector.
Kyari, in his remarks during the inauguration, detailed the nature of the investigation his committee is saddled with,saying, “ To have a close look at the entire power value chain (generation, transmission and distribution) calls for a review of our policies in order to obtain optimum performances across the board.
According to him, “the abysmal performance of the generation segment is no longer news in view of the current deteriorating power supply which hovers around 4,600MW for a population of over 170 million people, despite the huge resources committed into it.” For more scintillating and juicy stories, follow the official Naijapals accounts On Twitter - @Naijapals and Facebook - www.facebook.com/naijapals
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 8-09-2015 06:35 AM (9 years ago) | Addicted Hero
Patgreen003 at 8-09-2015 06:55 AM (9 years ago) (m)
Comic
Posted: at 8-09-2015 06:55 AM (9 years ago) | Newbie
china4jessy at 8-09-2015 08:00 AM (9 years ago) (f)
The only news we hear for this Buhari government is Probe< Investigate<Fraud> When is he going to start something beneficial to Nigerians. This his snail-movement is getting out of hand. Does it mean that Buhari has no agenda other than CORRUPTION?
Posted: at 8-09-2015 08:00 AM (9 years ago) | Gistmaniac
dollypiper at 8-09-2015 09:40 AM (9 years ago) (f)
Quote from: china4jessy on 8-09-2015 08:00 AM
The only news we hear for this Buhari government is Probe< Investigate<Fraud> When is he going to start something beneficial to Nigerians. This his snail-movement is getting out of hand. Does it mean that Buhari has no agenda other than CORRUPTION?
At least power supply has improved drastically and corrupt practices Have reduced, just to name a few
Posted: at 8-09-2015 09:40 AM (9 years ago) | Gistmaniac
The only news we hear for this Buhari government is Probe< Investigate<Fraud> When is he going to start something beneficial to Nigerians. This his snail-movement is getting out of hand. Does it mean that Buhari has no agenda other than CORRUPTION?
Am just tired of this probing here n there He better hit d ground running cos no time to waste
Ff on twitter @samuelokorie7 or ping 760BE790
Posted: at 8-09-2015 10:32 AM (9 years ago) | Hero
The only news we hear for this Buhari government is Probe< Investigate<Fraud> When is he going to start something beneficial to Nigerians. This his snail-movement is getting out of hand. Does it mean that Buhari has no agenda other than CORRUPTION?
Am just tired of this probing here n there He better hit d ground running cos no time to waste
Ff on twitter @samuelokorie7 or ping 760BE790
Posted: at 8-09-2015 10:34 AM (9 years ago) | Hero
? maybe u will go the grave and probe......
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