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$16bn Power Sector Fraud: Obasanjo Replies Buhari

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Obasanjo Replies Buhari

FORMER President Olusegun Obasanjo is of the view that folks that believed his management wasted $sixteen billion on electricity challenge implementation with nothing to reveal for it lacked proper knowledge.

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In a reply to queries on what took place to the $sixteen billion power zone price range beneath his management, the previous president said it become incorrect for everyone to answer on what he known as “unsubstantiated allegations against him by the then management of House of Representatives over the assignment”.

Before President Muhammadu Buhari vowed the day prior to this to probe the multi-billion dollar mission, he had in May ultimate yr, queried where the finances went.

The former President, who spoke back via his media aide, Kehinde Akinyemi, blamed the query on lack of proper knowledge.

He stated: ”It has come to the eye of Chief Olusegun Obasanjo that a declaration credited to President Muhammadu Buhari, reputedly without correct information and based totally on lack of awareness, recommended that $16 billion turned into wasted on power projects via “a former President.

“We believe that the President turned into re-echoing the unsubstantiated allegation in opposition to Chief Obasanjo by means of his personal predecessor however one.

“While it’s far dubious that a President with proper expertise of the issue could utter such, it should be pointed out that records from the National Assembly had exculpated President Obasanjo of any incorrect-doing regarding the power area and has proved the allegations as fake.

“For the facts, Chief Obasanjo has addressed the troubles of the strength region and the allegations in opposition to him on many activities and platforms, inclusive of in his broadly publicised e book, “My Watch” in which he exhaustively stated the facts and reproduced diverse reports through both the Economic and Financial Crimes Commission (EFCC), which conducted a clinical investigation into the allegations in opposition to Chief Obasanjo, and the Ad-Hoc Committee at the Review of the Recommendations within the Report of the Committee on Power on the Investigation into how the Huge Sums Of Money turned into Spent on Power Generation, Transmission And Distribution among June 1999 and May 2007 with out Commensurate Result.

“”We endorse that the President and his co-guests should study Chapters forty one, forty two, 43 and forty seven of My Watch for Chief Obasanjo’s insights and views at the energy sector and indeed what transpired when the allegation of $sixteen billion on strength initiatives changed into previously made.

“If he cannot read the three-extent ebook, he must detail his aides to achieve this and summarise the chapters in a language that he will without problems apprehend.

“”In the same announcement credited to the President, it turned into alleged that there has been some bragging by Chief Obasanjo over $16 billion spent on power. To tell the uninformed, the so-known as $16 billion strength expenditure become an allegation towards Chief Obasanjo’s administration and not his claim.

“The President also queried in which the power generated is. The solution is straightforward: The power is inside the seven National Integrated Power Projects and eighteen fuel mills that Chief Obasanjo’s successor who at the beginning made the allegation of $16 billion did not clean from the ports for over a 12 months and the civil works finished at the web sites.

“”Chief Obasanjo challenges, and in reality encourages, anybody to installation every other enquiry if doubtful and unhappy with the EFCC document and that of the Hon. Aminu Tambuwal-led ad-hoc committee.”

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Source: MandyNews.com

I have a passion for blogging about what's trending in Hip-Hop, politics and entertainment. I'm a huge Hip-hop fan; my favorite artiste are Chris Brown, Jay'z & Beyonce. I also enjoy spending time with my team (#TeamWE), and working hard as hard work pays off.

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