Reps probe power pri­vati­sa­tion

Daily Trust - - FRONT PAGE - By Musa Ab­dul­lahi Kr­ishi & Ibrahim Kabiru Sule

The House of Rep­re­sen­ta­tives yesterday be­gan the process of in­ves­ti­gat­ing the al­leged “non-trans­par­ent and fraud­u­lent” sale of power as­sets by the Bureau of Public En­ter­prises (BPE).

The House, while adopt­ing a mo­tion by Rep Chike Okafor (APC, Imo) re­solved to set up an ad­hoc com­mit­tee to carry out the in­ves­ti­ga­tion to de­ter­mine if there were mal­prac­tices and mis­con­duct in the ex­er­cise.

The com­mit­tee would also as­cer­tain whether there was ap­pro­pri­ate value for money in the ex­er­cise and de­ter­mine if any per­son breached the law.

Ad­di­tion­ally, the House re­solved to rec­om­mend changes in the process of selling gov­ern­ment as­sets and the ex­ist­ing laws, if any, “in or­der to pro­tect the in­ter­ests of the Nige­rian peo­ple.”

Chike in his mo­tion noted that the sale of the power sec­tor as­sets car­ried out few years ago by the BPE fell short of the pre­scribed cri­te­ria by en­abling laws guid­ing the ac­tiv­i­ties of the en­ter­prise in the pri­va­ti­za­tion process, which he said also breached in­ter­na­tional best prac­tices.

He said: “...there is an ap­par­ent lack of due process in the al­leged pay­ment of N23 mil­lion on con­tract awarded to Man­i­toba Hy­dro In­ter­na­tional (MHI) of Canada to man­age the Trans­mis­sion Com­pany of Nige­ria (TCN) for three years.”

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.