[img]http:///wp-content/uploads/2015/09/b171b48f0b9bb59656dd2d830e438e55.jpg[/img]

Today, the Senate will begin an inquest into alleged
mismanagement of funds appropriated to the power
sector
from the Olusegun Obasanjo civilian administration to
date.
In a statement by the Clerk of Senate ad hoc
Committee
on Power, Cletus Ojabo, yesterday, the power sector
probe
will be in the form of investigative hearing/interactive
session.
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.
He said:
“ 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.
The committee, which has Senator Abubakar Kyari,
(APC
Borno North) as chairman, was given 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.
lalasticlala
seun
FOD

http:///senate-begins-probe-of-obasanjo-yaradua-jonathan-others-over-mismanagement-of-power-funds/

lemme, sit


Nairalanders, oya
seun
lalasticlala
ftc

For the fact dt OBJs name is der gives me cause for jubilation BUT I hpe dy won't end up exonerating both Yar Adua n Obj nd indiicting only d Jonathans regime. A lot of money was spent on power especially during Objs regime wid virtually notin to show for it. I knw dou dt if Obj decides to fight bck den dx commitee is DOA(Dead on arrival).

See dere faces .....awon ole, only God knws wat wuld hv happened if Jonathan had won the election.....