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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