The Senate on Wednesday began an investigation into the alleged plan by the Ministry of Power, Works and Housing to secure the release of $350m domiciled in the Nigerian Sovereign Investment Authority to finance electricity projects.
The lawmakers specifically criticised the ministry for allegedly spending $35m out of the money on power projects without approval by the National Assembly.
The decision followed the adoption of a motion moved by Senator Dino Melaye (Kogi-West), at the plenary on Wednesday, which was entitled, ‘Monumental Fraud in the Power Sector.’
Granting a prayer of the motion, the Senate mandated its Senate committees on Power; and Public Accounts to invite the Minister of Power, Works and Housing, Babatunde Fashola (SAN), “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.”
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