Tuesday, 8 September 2015

Senate Begins Probe of Power Funds under Obasanjo, Yar’Adua, Others - Aeronews247



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Bukola Saraki, Senate president
The Senate will tuesday begin investigation into the alleged unwholesome practices in the power sector from the administration of former President Olusegun Obasanjo till date.
Based on the circular issued by the clerk of the Senate Ad hoc Committee on Power, Cletus A. Ojabo, there are indications that former Ministers of Power would be in attendance.
Ojabo, said the power sector probe would be in form of investigative hearing/interactive session.
Ojabo said the investigation would centre on  the funds appropriated for the power sector since 1999 and the unbundling of the Power Holding Company of Nigeria (PHCN).
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.
Senate President, Bukola Saraki, inaugurated the ad-hoc committee to conduct a comprehensive probe of allegations of questionable practices in the power sector.
The committee headed by Senator Abubakar Kyari, (Borno North) is 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 noted at the inauguration of the committee three weeks ago that the task before the panel is huge.
The senate president frowned at the continued absence of regular supply of electricity despite the country’s huge investments in the sector.
Kyari, in his remarks, detailed the nature of the investigation his committee is saddled with.
He said: “A close look at the entire power value chain (generation, transmission and distribution) calls for review of our policies in order to obtain optimum performances across the board.
“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 170million people, despite the huge resources committed into it.”



source: http://www.thisdaylive.com/articles/senate-begins-probe-of-power-funds-under-obasanjo-yar-adua-others/219661/

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