Skip to main content

ABUJA - N11tr wasted on electricity under Obasanjo, Yar’Adua, Jonathan, says report

OVER N11 trillion was allegedly squandered under the administration of former Presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan on the pretense of providing regular electricity supply, a report has claimed.
Based on the report by Socio-Economic Rights and Accountability Project (SERAP), activist lawyer Femi Falana (SAN) yesterday urged state governments to generate and distribute their own electricity.
He said the states have a constitutional responsibility to generate, distribute and transmit electricity to improve the well-being of their people.
Falana spoke at the launch of report, titled: “From darkness to darkness: How Nigerians are paying the price for corruption in the electricity sector”, at Weston Hotels, Ikeja.
The report was supported by the MacArthur Foundation.
The learned silk, who was chairman at the presentation, told states to challenge the laws restricting them from generating electricity in their domains.
He described the power Reforms Act of 2005, which concentrate power and electricity on the Federal Government and private firms, as “largely illegal”.
“That’s why we are challenging state governments,  stop going to Abuja, stop begging Federal Government to give you power to establish electricity companies in your state.
“You have the right. If individuals can do that and generate electricity they needed, why should you go to Abuja to get a licence to generate electricity in your state?” he asked.
Falana said it was high time for states to begin to exercise their constitutional rights by challenging the control of electricity generation, distribution and transmission by the Federal Government.
According to him, “Items 13 and 14 of the schedule to the constitution stipulate that state government shall have power to generate electricity outside the national grid.
“It goes further to say that the House of Assembly of each state shall make a law for the establishment of electricity boards in all states. But they are not there to provide electricity for the people outside the national grid.”
In the 65-page report presented to reporters by an Associate Professor, Energy/Electricity Law in the Faculty of Law, University of Lagos , Akoka,  Yemi Oke, the organisation stated that the estimated financial loss from corruption in the electricity sector starting from the return to democracy in 1999 to date was over  N11 trillion.
It said the money included “public funds, private equity and social investment (or divestments) in the power sector”.
“It is estimated that may reach over N20 trillion naira in the next decade given the rate of government investment and funding in the power sector amidst dwindling fortune and recurrent revenue shortfalls,” the report said.
It said: “The country has lost more megawatts in the post-privatisation era due to corruption, impunity, among other social challenges.
The report launch was also attended by the Director General/Chief Executive of the Consumer Protection Council (CPC) Babatunde Irukera and Chairman Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, who was represented by Director Public Affairs EFCC Mr. Osita Nwajah.
Both promised to work to ensure the full implementation of the recommendations contained in the report.
The report accused Dr. Ransom Owan-led board of the Nigerian Electricity Regulatory Commission (NERC) of allegedly settling some government officials with N3 billion as severance package.
The report called for the reopening and effective prosecution of corruption allegations, including the alleged looting of the benefits of families of the deceased employees of Power Holding Company of Nigeria (PHCN) levelled against a former Permanent Secretary in the Ministry of Power.
Source: The Nation Newspaper
Post a Comment

Popular posts from this blog

Floyd Mayweather teases potential UFC bout by stepping inside the octagon as Conor McGregor responds with 'f*** the Mayweathers'

Floyd Mayweather has teased a the idea of himself fighting in the UFC in recent months and the boxing icon went one step further on Tuesday, posting a video of himself stepping into a mixed martial arts cage. With no caption accompanying the clip, The Money Team leader can be seen entering an octagon before pacing up and down as if he were about to engage in an actual MMA bout.  And Conor McGregor, the man who entered the boxing ring to fight Mayweather in a money-spinning Las Vegas showdown in August last year, was quick to notice. He wrote on Twitter: 'Hahahaha very good. Keep up the good work my son. Yours sincerely, Senior.'  The Irishman followed up his response with a picture of himself and his son with the caption *f*** the Mayweathers'. Mayweather set fans' pulses racing last month when he claimed he had been approached by the UFC about a potential MMA fight.  'They just called me not too long ago and asked me to come back,' he said. 'I can come righ…

Chelsea complete £17.5million deal for defender Emerson Palmieri from Roma

Roma defender Emerson Palmieri has completed his £17.5million move to Chelsea. Palmieri posed for pictures with the shirt on Tuesday evening after completing his medical and penning a four-and-a-half year contract. The Brazilian, who has been assigned the No 33 shirt at Chelsea, left his home in Rome to fly to London earlier in the day.  The 23-year-old left-back underwent several medical tests before putting pen to paper to move to Stamford Bridge. 'I came here because it’s a great team with a great history,' Emerson said. 'Today I am realising one of my dreams to pull on the shirt of such a great club. ‘English football is something I have been watching since I was 15 years old. It is a really beautiful game over here but it is going to be even more beautiful to play it.’ Chelsea have agreed to pay a further £5.2m in bonuses for Palmieri, who is likely to be eligible to face Watford next Monday. The Brazilian had been lined up as part of a double swoop with Edin Dzeko, but Che…

Anthony Joshua working hard in the gym as he steps up preparations for Joseph Parker showdown

With just over two months to go until his return to the ring, Anthony Joshua is shaping up nicely after putting in the hard yards at the gym. The world heavyweight champion faces Joseph Parker at Cardiff's Principality Stadium on March 31, where he beat Carlos Takam in October. And trainer Jamie Reynolds has shared footage of the 28-year-old stepping up his preparations with various workouts in the gym. With the clock ticking ahead of the fight, Parker has outlined how he feels he can better his opponent. 'I want to fight a fight that's going to be a fast-paced fight… movement, speed and just different angles – I think that's how we are going to attack Joshua,' Parker told Radio Live. 'He's [Joshua] dominated fighters that stand in front of him, that don't move – all they do is protect themselves,' Parker said about Joshua. When it comes to finding a sparring partner, Parker is looking for a similar fighting style to his 6ft 5in, 240-pound opponent Joshua…