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Senate probes waste of power funds under Obasanjo, Ors

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obasanjoThe Senate will on Tuesday begin investigation into alleged unwholesome practices in the power sector from the administration of former President Olusegun Obasanjo

till date.

Although, the Senate issued by the clerk of Senate ad hoc Committee on Power, Cletus A. Ojabo but there is an indication that former Ministers of Power may be in attendance.

Ojabo said the power sector probe will be in form of investigative hearing/interactive session.

Ojabo said the investigation will centre on 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 170 million people, despite the huge resources committed into it.”

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