Speaking on the floor of the Senate on Thursday,
November 2, 2017, Senator Melaye accused the ministry of spending monies
not appropriated in its budget.
Melaye alleged that the execution of the ministry’s Fast Power initiative has been laced with corruption.
“In
line with anti-corruption posture of this chamber especially now that
our cries and observation are yielding dividence as expressly manifested
in the case of Babachir Lawal,” Melaye began.
“Today
I bring to the attention of this senate, a monumental fraud in the
power sector. In July 2013, the FG raised N1 billion from a euro bond
issue. From the proceed, the sum 350 million dollars was given to IBEX
in 2014. This money is installmentally stolen.
“As I speak to you, Mr President, sometime last year again, the ministry of power came up with a project they termed Fast Power. This indigested project is supposed to build new generating plants to add power to our grid.
“There
are few questions I need to ask to bring a substantive motion to bring
up in another legislative day. Up till date there is no detail to build
this new generating plant or feasibility study. There is no
appropriation by National Assembly for this project.
“The
ministry has spent so $35 million on the affirmed Fast Power project
that has no appropriation or no detailed feasibility study. How and when
was this money appropriated? Out of this money, 29 million dollars was
purportedly paid to General Electric for turbine while 6 million dollars was paid to others. This amount amongst others is a monumental fraud," he added.
In his remarks, Senate President Bukola Saraki urged Senator Melaye to present the matter as a motion on another legislative day for proper action.
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