SENATE TO INVESTIGATE $1.035BN FRAUD IN POWER MINISTRY
source : http://www.eyesoflagos.com/2017/11/senate-to-investigate-1035bn-fraud-in.html

The Senate yesterday vowed to investigate a $1.035 billion fraud in the Federal Ministry of Works, Power and Housing.
This followed a motion on Order 42 of the Senate Rules moved by Senator Dino Melaye (APC Kogi West).
Melaye informed the plenary that the ministry acquired about $1 billion from euro bond, which was issued by the federal government in 2013.
Senate President Bukola Saraki, on hearing the discovery of the alleged fraud, granted Melaye’s prayer to sponsor a substantive motion on the allegation on the next legislative day, being next week Tuesday.
Revealing how the money was gotten, Melaye said that the sum of $350 million was given to IBEX in 2014 by the administration of former President Goodluck Jonathan.
He alleged that the money is being syphoned in installments by officials of the ministry.
He said, “In line with the anti-corruption posture of this chamber, especially now that our cries and observation are yielding evidence as expressly manifested in the case of Babachir Lawal, today, I bring to the attention of this Senate, a monumental fraud in the power sector.
“In July 2013, the federal government raised N1 billion from a Euro bond issue. From the proceeds, the sum of $350 million was given to IBEX in 2014. This money is installmentally stolen”.
The lawmaker further alleged that in 2016, the ministry came up with a project named Fast Power, which was supposed to build new generating plants to add to national power grid.
He said the project failed, as the National Assembly did not approve any expenditure for it.
According to the report gathered by Eyes Of Lagos, Melaye continued: “As I speak to you Mr. President, sometime last year again, the Ministry of Power came up with the project they termed Fast Power. This indigested project is supposed to build new generating plants to add power to our grid.
“There are few questions I need to ask to bring a substantive motion up in another legislative day. Up till date, there are no details to build this new generating plant or feasibility study. There is no appropriation by the National Assembly for this project.
“The ministry has spent $35 million on the affirmed Fast Power project that has no appropriation or no detailed feasibility study. How and when was this money appropriated? Out of this money, $29 million was purportedly paid to General Electric for turbines, while $6 million was paid to others. This amount, amongst others, is a monumental fraud. We need Senate to investigate this after moving a substantive motion”.

When will Saraki and his criminal friends investigate their ever growing expenditure.

9jvirgin:
When will Saraki and his criminal friends investigate their ever growing expenditure.

will you shut up, this boy. Fashola has been stealing from Nigerians and he will soon be exposed all you could do was to attack the messengers instead of the criminal fashola,simply because he is your Muslim afonja man.

Amazing discovery

Fash d fash

Nigerians: There is no light oh!

Fashola: Oga on am, okay off am, okay on am again.... Na d wire dey hot.

God bless Dino for exposing this. The corruption now is just too much

three:
Fash d fash

Nigerians: There is no light oh!

Fashola: Oga on am, okay off am, okay on am again.... Na d wire dey hot.

All ProgreTHIEF Criminals, APC is a gathering of corruption exemplified.
Bubu and his ministers are like ALi Baba and the 40 thieves!


www.nairaland.com/attachments/2776311_borehole_jpeg6982552b3aa8ea67bec1da4c0172b398


www.nairaland.com/attachments/3757215_img20160525085806324_jpegb1c98440dd5f45859617dea1a5e43a2f

Keneking:
Amazing discovery

Instead of making us discover the 20,000 mw electricity increase, we are discovering that our money is missing, looted by the rats with two hands.



www.nairaland.com/attachments/3492308_buhari20000mwelectricitypromise_jpegb3d308b82b0aaf0f68a6c50acecfbb5c

You no go see Afonjas and Zombies for dis kind thread.