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Breaking News: Senate Summons Fashola Over Alleged $35m Unapproved Expenditure

An investigation by the Senate into the alleged plan by the Ministry of Power, Works and Housing to secure the release of $35m domiciled with the Nigerian Sovereign Investment Authority to finance electricity projects, has begun.

The upper legislative chamber began the investigation on Wednesday, November 8, following a motion by Senator Dino Melaye (APC-Kogi West), which was titled: ‘Monumental Fraud in the Power Sector.’

Naijaloaded gathers that the lawmakers chided the ministry which is headed by Babatunde Fashola, for allegedly spending $35m out of the money on power projects without getting the approval of the National Assembly.

To this effect, the Senate directed that its Committees on Power and Public Accounts invite Fashola to

Render a detailed account in terms of public funds spent on the Fast Power Projects (Afam Fast Power Project in particular); evidence of feasibility study indicating the viability of the projects; requisite appropriation by the National Assembly as required by the Constitution; and the controversial presidential approval for the projects.

More details later…


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Posted by PRINCE O. On November 9, 2017

Categories: GIST


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