NEWS
Report: EFCC Begins Probe Of $16bn Allegedly Spent On Power
The Economic and Financial Crimes Commission (EFCC) has started investigating the alleged $16 billion spent on power during the administration of former president Olusegun Obasanjo.
On Tuesday, President Muhammadu Buhari had queried the expenditure on power during the Obasanjo administration.
The ex-president had subsequently replied by expressing his readiness for a probe.
According to The Nation, in a report sourced from TheCable, an EFCC team is already gathering facts that it would use to investigate the case.
The newspaper said the agency may invite two ex-ministers, former top officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company (NDPHC) and all the people recommended for investigation by a committee of the house of representatives.
“We are looking into all the allegations and issues surrounding the power projects. We will conduct a comprehensive and forensic probe to ascertain the true status of all the projects,” the newspaper quoted a source as saying.
“This investigation will actually ascertain how much has been spent so far. We have many figures being bandied about as follows: $16 billion, $13.278 billion, $10.3 billion, $8.4 billion and $8.55 billion.
“This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.
“Already, a team is collating facts and figures on these projects as part of the preliminary level/ bend of the investigation. We will retrieve the report of the House of Representatives Committee which investigated the power projects.
“The House actually recommended 18 top former public officers, including two ex-ministers, for investigation by anti-graft agencies, especially EFCC and ICPC. Many salient issues were raised for investigation by the house committee, which was headed by Hon. Ndudi Elumelu.”
In 2008, the Elumelu committee said about $13 billion was spent on power between 1999 and 2007.
Delta Police Eliminate Kidnap Kingpin, Recover AK-47 Rifle, Live Ammunition
Intrigues as APC NWC May Override Govs, Party Leaders in Senatorial Primaries Outcomes
APC Senate Primary Outcome: Ned Nwoko Camp Demands Okowa’s Disqualification
How U.S.-Nigeria Joint Strikes Crushed ISIS Cell, Eliminated 175 Terrorists
Isoko South Chairman Congratulates Sen. Joel-Onowakpo on Winning Delta South APC Primary
2027: Joel-Onowakpo Thanks Tinubu, Oborevwori, Constituents After Defeating Diden by Wide Margin to Clinch Delta South APC Ticket
APC Primaries: Okowa Dusts Ned Nwoko at Home as Joel-Onowakpo Clinches Delta South Ticket
Delta North APC’s Primary: National C’ttee to Announce the Winner, Says Ned Nwoko
Confusion as Omo-Agege, Dafinone Claim Victory in Delta Central APC Senate Primary
Olawepo-Hashim Condemns Borno, Ogbomoso School Abductions
Police Arrest 2 Female Among 11 Suspected Cultists in Delta, Recover 3 Rifles
Appeal Court Quashes Lawsuit Challenging INEC Warri Ward Delineation Report
Delta APC Primaries: How Ganagana Ended Mutu’s 27-Year Reign as Elumelu Ousted Okolie
Olu of Warri, Itsekiri Nation Endorse Tinubu, Oborevwori’s Second Term Bid for Continuity
