Senate begins probe of Obasanjo, Yar’Adua and others over mismanagement of power funds

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. well the Senate will begin the inquest into alleged mismanagement of funds today September 8.

In a statement by the Clerk of Senate ad hoc Committee on Power, Cletus Ojabo, yesterday, the power sector probe will be in the form of investigative hearing/interactive session.
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.
He said:

    ” 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.”

The committee, which has Senator Abubakar Kyari, (APC Borno North) as chairman, was given 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.

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