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Research indicates that over 20 contracts were awarded with contractors having been paid about ₦360.7 Billion as at the end of Obasanjo's tenure to benefit from his $16 billion power deal. #ProbePowerNow Thread...
₦273.65 billion was the total sum reportedly spent on Power Holding Company of Nigeria (PHCN) from 1999 to 2007.
The different power contracts that were awarded are listed below...
#ProbePowerNow
The different power contracts that were awarded are listed below...
#ProbePowerNow
1. Pivot Engineering Ltd was awarded contracts in the sum of $78,625,736.54 for the construction of Owerri-Ahoada-Yenagoa 132 KVA DC lines and substations. It is to be noted that out of this, $73,023,521.36 was paid to the contractor. #ProbePowerNow
BREAKING:
EFCC has begun the probe of the $16bn power project of the administration of former President Olusegun Obasanjo.
There had been conflicting figures on the exact cost of the project as some people put it at $16bn while others say it is $13.8bn
thenationonlineng.net/efcc-begins-pr…
EFCC has begun the probe of the $16bn power project of the administration of former President Olusegun Obasanjo.
There had been conflicting figures on the exact cost of the project as some people put it at $16bn while others say it is $13.8bn
thenationonlineng.net/efcc-begins-pr…
It was gathered last night that the anti-graft agency may arrest key contractors involved in the power project scam which extended beyond the Obasanjo administration into those of former Presidents Umaru Yar’Adua and Goodluck Jonathan.
#ProbePowerNow
thenationonlineng.net/efcc-begins-pr…
#ProbePowerNow
thenationonlineng.net/efcc-begins-pr…
It was also learnt that about 18 top former and serving public officers, including two ex-ministers, may be questioned.
Also likely to be interrogated by the EFCC are some top officials of the Central Bank of Nigeria (CBN).
#ProbePowerNow
thenationonlineng.net/efcc-begins-pr…
Also likely to be interrogated by the EFCC are some top officials of the Central Bank of Nigeria (CBN).
#ProbePowerNow
thenationonlineng.net/efcc-begins-pr…
