Senate Summons Fashola Over Alleged $35m Spendings

Senate Summons Fashola Over Alleged $35m Spendings

The Senate has directed its committees on Power; and Public Accounts to invite the Minister of Power, Works and Housing, Babatunde Fashola (SAN) over a $35 million spending without Senate approval.

 

This followed the adoption of a motion moved by Senator Dino Melaye (Kogi-West), at the plenary on Wednesday.

 

The motion, entitled, ‘Monumental Fraud in the Power Sector,” by the senator revealed to the Senate the plan by the Ministry of Power, Works and Housing to secure the release of $350m domiciled in the Nigerian Sovereign Investment Authority to finance electricity projects.

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According to Melaye, the ministry had since spent $35 million from the money without Senate approval as he called for an investigation of the alleged misappropriation.

 

The Senate, however, directed the committee to invite Fashola to give details of the spendings of public funds on the Fast Power Projects (Afam Fast Power Project in particular).

 

The Senate also demanded evidence of feasibility study indicating the viability of the projects.

 

It wanted to know more about the controversial approval by the president and why the funds never passed through the Senate for approval.

 

The Senate, in addition, told the committee to invite the Nigerian Sovereign Investment Authority, the Nigeria Electricity Bulk Trading Company so as to establish the spendings from the $350 million.

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It mandated the committee to file its report within two weeks.

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