$16bn Power Probe: Many Heads To Roll As EFCC’s Investigation Deepens - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 9, 2019
Economicand Financial Crimes Commission EFCC plans to go after more people allegedlylinked with an investigation into the 16 billion dollars power projects awardedunder the administration of former President Olusegun Obasanjo.
Aspart of the probe, the EFCC, last week detained two officials of the Niger DeltaPower Holding Company NDPHC.
Theanti-graft agency has launched a probe into an alleged misappropriation of thefunds running into trillions of naira after President Muhammadu Buhari gave aclue last year that the deal was going to be investigated.
PresidentBuhari had given the EFCC the green light, to probe the contracts followingpersistent complaints by Nigerians about insufficient power supply in thecountry after government had allegedly spent 16 billion dollars.
Speakingat the Federal Capital Territory’s presidential rally of the All ProgressivesCongress APC in February this year, Buhari vowed that his administration wouldcontinue to ensure efficient utilisation of the nation’s scarce resources inthe provision of infrastructural facilities across the country.I