The House of Representatives’ Committee on Finance has resolved to invite the Minister of Finance, Budget and National Planning, Zainab Ahmed; and Minister of Power, Abubakar Aliyu, to answer queries in its ongoing investigation of planned sale of power plants belonging to the Niger Delta Power Holding Company.
Others to appear before the committee are the managements of Nigerian Electricity Regulatory Commission, Nigerian Bulk Electricity Trading Plc, the Bureau of Public Procurement and the NDPHC.
The committee is to extend the invitation after grilling top officials of the Transmission Company of Nigeria for two consecutive days, Monday and Tuesday, without getting satisfactory answers to question bothering on take-or-pay agreement with a power Generation Company, Azura Power West Africa Limited, forcing the country to pay the firm $33m monthly whether it supplies power or not.Chairman of the committee, James Faleke, said, “We will invite all these agencies.
Faleke made this known at the committee’s continued investigative hearing in Abuja on Tuesday, where the lawmakers faulted the failure of the TCN to construct a power line to convey energy from Azura power plant, forcing the company to joggle the Osogbo-Benin power line between power stations.All rights reserved.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Power probe: Reps invite ministers, NERC, NBET, othersThe House of Representatives’ Committee on Finance has resolved to invite the Minister of Finance, Budget and National Planning, Zainab Ahmed; and Minister of Power, Abubakar Aliyu, to answer queries in its ongoing investigation of planned sale of power plants belonging to the Niger Delta Power Holding Company.
Read more »
$33m Azura Power Deal: House C’ttee Invites Ministers of Finance, Power, BPP Others – THISDAYLIVE
Read more »
Minister: Nigerian government currently engaging central bank, others on trapped airlines' fundsAs the challenges in the nation’s aviation sector linger, the Federal Government, yesterday, disclosed it was currently engaging relevant authorities to ensure over $600 million of trapped foreign airlines’ funds were released.
Read more »
Reps panel summons TCN MD over controversial Azura power deal | TheCableThe house of representatives committee on finance has summoned Sule Abdulaziz, managing director, Transmission Company of Nigeria (TCN), over the Azura power plant agreement. The committee, chaired by James Faleke,
Read more »
Reps summon TCN MD over $33m power dealsThe House of Representatives Committee on Finance yesterday summoned the Managing Director of the Transmission Company of Nigeria (TCN)...
Read more »
Reps panel summons TCN boss over controversial $33 million Azura power dealUnder the agreement, Nigeria is obligated to pay between $30 million and $33 million monthly to Azura for power generated, whether TCN...
Read more »