Thu. Feb 20th, 2020

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Obasanjo, Jonathan Administration To Be Probed Over Power Contracts

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The investigation will extend to the subsequent administrations of Umaru Yar’Adua, Goodluck Jonathan and the incumbent, Muhammadu Buhari.

The House of Representatives has agreed to look into the contracts awarded and payments made to contractors by the federal government in the means to bring back the power sector.

They resolve to probe over $16 billion spent between 1999 and 2007 during the Olusegun Obasanjo led administration as agreed on Thursday at the plenary.

The investigation will extend to the subsequent administrations of Umaru Yar’Adua, Goodluck Jonathan and the incumbent, Muhammadu Buhari.

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

They, however, reached an agreement 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.”

During the motion moved by Soli, He 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.

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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 the 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 the 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 the 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.”

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