By Henry Umoru

ABUJA—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.”

http://www.vanguardngr.com/2015/09/senate-begins-probe-of-obasanjo-yaradua-others-over-power-funds-mismanagement/

I can swear with my late grandfather that as usual nothing tangible will come out of the so-called probe

Yar'adua keh. Who wan probe dead man.


APC and buhari are just too confused. Why witch hunting past leaders because they belong to the opposition party when Tinubu is walking freely on the streets of Lagos

Funny, like it will be transparent.

Nice move, but what are we expecting in the end, the same crap result as usual

Nice. Hopefully the Senate will start doing their job.

These people are like maize in a covered bottle, the chicken will just be there to observe it.... can't do anything with it.

IN other news, read type of people we missed on nairaland www.nairaland.com/2583818/types-people-missed-nairaland

Chasing the wind and as usual nothing will come out of it!

*yawns*

Power to probe without power to prosecute is a waste of time.
Power to prosecute without power to enforce is yet balanced too.

I think EFCC headed by Lamode is still the end point of the probe, thatz mere whistle blowing. Sorry, thatz the law, its an ass.

Senate can never...I repeat can never probe obj...

They all adore that thief called baba iyabo....

Yeye de smell. Probe on newspaper? APC, stop deceiving nigerians.

Thats a nice move i must say but the question here is, to what end?

Obj will be seated in his ota farm laughing at their yeye plenary sessions.

Una just dey waste time!

so soon??

Yar dua..... double wahala for dead body

Now that the senate has settled down to so their work, will the president stop prosecuting corrupt officials only on the pages of news paper and leave matter for Mathias himself and face the job we elected him for..


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Up apc

mr sycophant (OBJ) is going to spend his old age in kirikiri facilities.

corrupt pple probing corruption. hahahahahahahahahahaha. una neva probe Una oga saraki wey scatter bank and chop kwara Money. pls cry me a river

Who probes dead people? Nigerian Senate.

Where do dead people access the money in their accounts? Nigerian Banks

Where does corpses have sex? Nigerian mortuary.

Yaradua yes .... Obasanjo No

Ok nau,, we re watching closely

Wake me up when they are through with the probe

Probing Obj? Buhari's bestie? Hmmm...hope say e go work

Apc won't like this

Probing the dead? who'll do the jail time?

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Am not so sure if all this so called Senators are normal.

.

It can best be described as CHASING THE WIND