In its avowed determination to rid the country of corruption, the Senate yesterday named Works, Power and Housing Ministry spearheaded by Babatunde Fashola, in a $1.035 billion fraud.
According to the upper legislative chamber, Fashola’s Ministry got about $1 billion from Euro bond issued by the Federal Government in 2013
This resolution of the Senate followed a point of Order raised by Senator Dino Melaye on the floor of the Senate yesterday.
In his motion Melaye sought the nod of the Senate President, Bukola Saraki, to sponsor a substantive motion at the next legislative day. He was given the leeway to bring a motion next Tuesday.
According to Melaye, the sum of $350 million was given to IBEX in 2014 by the administration of former President Goodluck Jonathan. He said the said money is being stolen instalmentally stolen by officials of the Ministry.
“In line with the anti-corruption posture of this chamber especially now that our cries and observation are yielding evidence as expressly manifested in the case of Babachir Lawal, Today I bring to the attention of this Senate, a monumental fraud in the power sector.
“In July 2013, the FG raised N1 billion from a euro bond issue. From the proceed, the sum 350 million dollars was given to IBEX in 2014. This money is instalmentally stolen,” Melaye alleged.
The lawmaker further alleged that in 2016, Fashola’s Ministry came up with a project, named Fast Power. He said the Ministry, under the project, was supposed to build new generating plants to add to the power grid.
He said the National Assembly did not approve any expenditure by the Ministry. He said officials of the Ministry are spending without the approval of the parliament.
“The Ministry has spent $35 million on the affirmed Fast Power project that has no appropriation or no detailed feasibility study. How and when was this money appropriated? Out of this money, $29 million was purportedly paid to General Electric for turbines, while $6 million was paid to others.
According to the upper legislative chamber, Fashola’s Ministry got about $1 billion from Euro bond issued by the Federal Government in 2013
In his motion Melaye sought the nod of the Senate President, Bukola Saraki, to sponsor a substantive motion at the next legislative day. He was given the leeway to bring a motion next Tuesday.
According to Melaye, the sum of $350 million was given to IBEX in 2014 by the administration of former President Goodluck Jonathan. He said the said money is being stolen instalmentally stolen by officials of the Ministry.
“In line with the anti-corruption posture of this chamber especially now that our cries and observation are yielding evidence as expressly manifested in the case of Babachir Lawal, Today I bring to the attention of this Senate, a monumental fraud in the power sector.
“In July 2013, the FG raised N1 billion from a euro bond issue. From the proceed, the sum 350 million dollars was given to IBEX in 2014. This money is instalmentally stolen,” Melaye alleged.
The lawmaker further alleged that in 2016, Fashola’s Ministry came up with a project, named Fast Power. He said the Ministry, under the project, was supposed to build new generating plants to add to the power grid.
He said the National Assembly did not approve any expenditure by the Ministry. He said officials of the Ministry are spending without the approval of the parliament.
“The Ministry has spent $35 million on the affirmed Fast Power project that has no appropriation or no detailed feasibility study. How and when was this money appropriated? Out of this money, $29 million was purportedly paid to General Electric for turbines, while $6 million was paid to others.
Senate alleges Scam of $1.035bn in Power Ministry
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Reviewed by getitrightnigerians
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19:31:00
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I will become a head of state
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