The Federal High Court sitting in Lagos, in a landmark judgment, has ordered the “immediate release of details of payments to all defaulting and allegedly corrupt electricity contractors and companies by the governments of former President Olusegun Obasanjo, former President Umaru Musa Yar’Adua, former President Goodluck Jonathan, and the government of Muhammadu Buhari.”
The judgment was delivered last Friday by Justice Chuka Austine Obiozor, a Professor of Law, following a Freedom of Information suit number FHC/L/CS/105/19 brought by the Socio-Economic Rights and Accountability Project (SERAP).
Justice Obiozor also ordered: “the full disclosure and publication of the names of companies and the whereabouts of the contractors paid by successive governments since the return of democracy in 1999 to carry out electricity projects across the country but disappeared with the money without executing any projects.”
This development was disclosed today in a statement by SERAP deputy director Kolawole Oluwadare.
This depicts that the $16bn the Nigerian National Integrated Power Project (NIPP) was conceived in 2004 when Olusegun Obasanjo was the President of the Federal Government of Nigeria could be probed.
A country without CHECKS and BALANCES is doomed without economic progress
Ex-President Abdulsalami Abubakar was indicted during the House Committee Reports on $16 billion Power Projects probe headed by Hon. Ndudi Elumelu.
Abdulsalami Abubakar is the chairman of Energo Nigeria Ltd, which received a $163m contract to build a power station by 2009. As we speak; the project has not been completed and payments fully made. According to a state official, only 5% of the work has so far been completed.
The House of Representatives committee is investigating why six power stations – already paid for by the government – are yet to be completed years after they were begun.
It has called all the contractors to give testimony about their progress.
Two witnesses told the hearings, which began on Tuesday, that bushes were observed from the site where a South African company, Pivot, had been contracted to build a station in the oil-rich Niger Delta have yet to be cleared.
Pivot, a South African company collected $200m to build a power station in the oil-rich Niger Delta while 75% mobilization of thefunds were paid according to the government official James Olotu. The contracts have been abandoned.
Mr Olotu heads the National Integrated Power Projects, a government organisation set up by Mr Obasanjo to try to attract private investment into the energy sector.
Senate Committee on Power headed by Hon. Ndudi Elumelu was also involved in N5.2 Billion Contract Scam.
The Rural Electrification Agency contract scams suffered a setback and the contracts truncated without results till today.
FG Okays $1bn Chinese Loan for Gurara Power Project
In a bid to improve power supply, the federal government yesterday approved $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project which has the capacity to generate 360 megawatts electricity.
Minister of Water Resources, Suleiman Adamu disclosed this to State House correspondents after the federal executive meeting (FEC) presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.
According to him, the council also approved N5.7 billion revised total estimated cost for the completion of Nkari dam in Akwa Ibom.
He further explained that council also approved the appointment of consultants to resuscitate the Gari Irrigation Project in Kano/Jigawa states.
Adamu, who said council had in 2017 approved for the resumption of the project which was earlier abandoned for 17 years, added that the consultant is the same appointed in 1998.
He also added that council also approved the revised estimated total cost of N10.4 billion for the completion of Ile Ife Dam in Osun State. The project was started in 2004 and abandoned.
The completion period is 24 months. During his briefing, Minister of Power, Works and Housing, Babtunde Raji Fashola said the council approved N7.197 billion for the construction of an inter-change and pedestrian bridge at Abaji in Abuja to address the perennial problem of accidents.
He also added that N11.208 billion was approved for the procurement of 200,2017 meters by Yola Electricity Distribution Company Under the Meter Asset Providers Scheme.
Nigeria Gets $486M World Bank Loan to Improve Nigeria’s Electricity Transmission
The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines.
Ms Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, in a statement said that the investments would increase the power transfer capacity of the transmission network.
The World Bank’s International Development Association (IDA), helps the world’s poorest countries by providing grant, low to zero-interest loans for projects that boost economic growth and reduce poverty.
The World Bank Country Director for Nigeria, Mr Rachid Benmessaoud, said the Nigeria Electricity Transmission Project (NETP) would help address key bottlenecks in the transmission network.
“It will also improve access to affordable and reliable electricity service to citizens. The credit will also enable distribution companies supply consumers with additional power.
Nigeria Gets Fresh $200m Loan To Finance Electricity Projects
The Federal Government has been granted $200 million loan for the funding of the nation’s electrification project.“The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project (NEP),” AfDB said in a statement.
In summary, under President Buhari’s regime; FG has secured several loans for power projects without results. The loans include $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project, World Bank loans of $486 million for the rehabilitation and upgrading of electricity transmission substations; $200 million loan for the funding of the nation’s electrification project from African Development Bank.