Buhari to Obasanjo: explain $16bn expenditure on power projects

Former President, Chief Olusegun Obasanjo

President Muhammadu Buhari on Tuesday  querried the spending of $16bn on power projects during the administration of former President Olusegun Obasanjo.

President Buhari

The president was speaking at the Presidential Villa in Abuja while receiving the Buhari Support Organization led by the Comptroller-General of the Nigerian Customs Service, Ahmed Ali.

Buhari did not mention Obasanjo’s name, but asked where was the power after a former president claimed to have spent $16bn on the project.

The House of Representatives had in 2008 described $16 billion spent on power by Obasanjo’s government as colossal waste, blaming it on “poor budget planning and a lack of proper oversight by relevant bodies.

The Socio-Economic Rights and Accountability Project had also in 2016 urged the acting Chief Justice of Nigeria, Justice Water Samuel Onnoghen, to immediately appoint an independent counsel to investigate allegations of corruption in the spending of $16 billion on electricity by Obasanjo’s government.

PBAT’s Oil and Gas Reforms

PBAT's Oil and Gas Reforms 2.3

NCC

NNPC Recruitment

Be the first to comment

Leave a Reply

Your email address will not be published.


*