Breaking News: Where Is The $16bn You Spent On Power? Buhari Asks “Obasanjo” I The Precision



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Nigerian President Muhammadu Buhari on Tuesday asked about the spending of $16bn on power project by previous government in the country without the desired result.

The president was speaking at the Presidential Villa in Abuja while receiving the Buhari Support Organization led by the Comptroller-General of the Nigerian Customs Service, Ahmed Ali.

Though Buhari did not mention the name of the president of the previous, it was very clear he was referring to former President Olusegun Obasanjo’s who claimed to have spent $16bn on the project.

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THE PRECISION recalled that the House of Representatives had in 2008 described $16 billion spent on power by Obasanjo’s government as colossal waste, blaming it on “poor budget planning and a lack of proper oversight by relevant bodies.

The Socio-Economic Rights and Accountability Project had also in 2016 urged the acting Chief Justice of Nigeria, Justice Water Samuel Onnoghen, to immediately appoint an independent counsel to investigate allegations of corruption in the spending of $16 billion on electricity by Obasanjo’s government.

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