The Economic and Financial Crimes Commission (EFCC) will conduct a “comprehensive and forensic” probe” of the $16 billion allegedly spent on power projects when Olusegun Obasanjo was President.
President Muhammadu Buhari sparked renewed interest in power-sector expenditure during the Obasanjo years when he said earlier in the week that a former President spent $16billion on power yet there was nothing to show for it.
“Where is the power? Where is the power?” Buhari had repeatedly asked.
According to The Nation, a source at the Commission disclosed that those who would be invited include two ex-ministers, former top officials of the then Power Holding Company of Nigeria (PHCN), anyone recommended for investigation by a House of Representatives committee, and past and present officials of the Niger Delta Power Holding Company (NDPHC).
“We are looking into all the…
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