Friday 14 August 2015

Senate orders probe of billions spent under Obasanjo, Jonathan on electricity

The Senate, Thursday, constituted a 13-member ad-hoc committee to conduct investigation into the management of funds appropriated for the power sector by successive governments since 1999.
The committee, led by Abubakar Kyari, has a two-week mandate to conduct its investigations and submit its report to the Senate.
The timeframe given nevertheless, the Senate adjourned plenary to September 29.
The investigation is expected to cover the tenures of former President Olusegun Obasanjo (1999-2007), late President Umaru Yar’Adua (2007-2010) and President Goodluck Jonathan (2010-2015).
The Senate took the decision as parts of resolutions that followed a motion by the Majority Leader, Ali Ndume.
The ad-hoc committee will also probe the unbundling of the defunct Power Holding Company of Nigeria by the Federal Government, the Senate resolved.

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