HOUSE of Representatives yesterday said there was apparent lack of due process in the alleged payment of $23.6 million per annum on the contract awarded to Manitoba Hydro International, MHI, to manage the Transmission Company of Nigeria, TCN. Nigerian Pilot recalls that on October 14, 2015, the House debated a motion on ‘The Need to Investigate the Alleged Nontransparent and Fraudulent Sale of Power Assets by the Bureau of Public Enterprises,’ which House thereafter set up an ad hoc committee to probe. Briefing the House Press Corps at the National Assembly complex on how far it had gone on the assignment, chairman of the ad hoc committee, Hon Idris Ahmed lamented that all the gains of privatising the Gencos and Discos were lost through alleged corruption, manipulation of rules, disregard to extant laws and lack of transparency in the exercise. Ahmed hinted that the privatisation exercise was marred by the sale of the sector to preferred bidders that could not pay the bid value on the sale. He revealed that in a bid to get to the root of the matter, the committee had held several meetings as well as written to all stakeholders requesting for memoranda. The committee has therefore invited the Bureau for Public Enterprises, Nigerian Electricity Regulatory Commission, Federal Ministry of Power, Gencos, Discos, TCN and other stakeholders to its public hearing on December 7, 2016. Ahmed further assured that the committee was poised to discharge it duties without fear or favour.

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