Across Nigeria Corruption Matters Main News News

$350m power fund not diverted – Adeosun, Fashola

The Minister of Finance, Kemi Adeosun; and the Minister of Power, Works and Housing, Babatunde Fashola (SAN), on Tuesday denied the alleged diversion of $350m belonging to the Nigerian Electricity Bulk Trading Company domiciled in the Nigerian Sovereign Investment Authority.

The NSIA also said the $350m it was managing for the NBET had grown to $384m.

 The Managing Director/Chief Executive Officer of the NSIA, Uche Orji, stated that the money was safe.

The officials appeared before the Senate’s Joint Committee on Public Accounts; and Power, Steel Development and Metallurgy in Abuja on Tuesday.


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