The group, in the 65-page report it launched in Lagos, concluded that the funds were squandered under the administrations of former Presidents Olusegun Obasanjo, Umar Yar’Adua and Goodluck Jonathan.
In the report titled, “From darkness to darkness: How Nigerians are paying the price for corruption in the electricity sector,” SERAP concluded that the perennial poor power supply in the country was proof of corruption in the power sector.
It called for the probe and prosecution of certain principal actors in the power sector, including a former governor of Cross River State, Liyel Imoke, and Prof. Prof. Chinedu Nebo, for their alleged roles in the power sector scam.
The group said, “The Obasanjo’s administration spent $10bn on NIPP with no results in terms of increase in power generation. $13.278,937,409.94 was expended on the power sector in eight years while unfunded commitments amounted to $12bn.
“The Federal Government then budgeted a whopping N16bn for the various reforms under Liyel Imoke (2003- 2007) which went down the drain as it failed to generate the needed amount of electricity or meet the set goals.”
Presenting the report to journalists on Wednesday on behalf of SERAP, an associate professor of Energy/Electricity Law at the University of Lagos, Yemi Oke, said, “The country has lost more megawatts in the post-privatisation era due to corruption, impunity, among other social challenges as reflected in the report.
“The much-publicised power sector reforms in Nigeria, under the Electric Power Sector Reform Act of 2005, have yet to yield desired and anticipated fruits largely due to corruption and impunity of perpetrators, regulatory lapses and policy inconsistencies. Ordinary Nigerians continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.”
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ReplyDeleteIt's still very fresh on my memory... GEJ stole money just like every other elected politicians in that capacity but this power sector,,, 80% blame goes to obj... I remember the fake NIPP project even did research on it for my sermina back in skool... It turns out to be project don on TV stations alone.... I also remember them minister of power after his tenure Liyel Imoke refused to appear b4 the senate n court to give account on the missing billions,,, he said they ahould go ask his boss obj...... The funny aspect is,, everybody is scared of obj,,, that man don finish this country
ReplyDeleteSo finally you have accepted that GEJ stole some money
Delete🏃🏃🏃🏃🏃🏃🏃🏃🏃🏃🏃🏃
I have never arguedon that or neitherhave ever said gej or any politician in Nigeria is a saint.... My focus and area of interest is why the current president decides to make it personal n selective by trying to tell nigerians gej is d only criminal politician in Nigeria by exonerating himself and previous president..... 👈
DeleteObj is d architect of all d problem of nigeria
DeleteWell I don't think the President did what you just said
DeleteOk... Tell me.... All d names so far mentioned or accused and arrested are from whose camp?
DeleteIf much attention is centered only on peer sector, it will look as if funds allocated to other sectors were properly administered...... That is just the problem this country is having " misappropriation of funds by our leaders in all sectors of the economy"
ReplyDeleteMay God continue to save us
Its not a case of God... Rather for u and i to use our vote rightly... If u give goat yam and plantain to manage what do u think the end result will be... 😂😁😂😁😂😁😂
DeleteFact!!!
DeleteThe end result is obvious
Hmmmmm
ReplyDelete