Business Senate Begins Probe of Obasanjo, Yar’Adua, Others Over Power funds Mismanagement

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Nigeria - The Senate today will commence an inquest into alleged mismanagement of funds appropriated to the power sector under the Olusegun Obasanjo civilian administration to date, Vanguard reports:

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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.”

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Source: Vanguard
 
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