The Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of Power, Works and Housing, Babatunde Fashola, over “failure to account for the spending on the privatisation of the electricity sector and the exact amount of post-privatisation spending on generation companies (GENCOS), distribution companies (DISCOS) and Transmission Company of Nigeria to date, and to explain if such spending came from budgetary allocations or other sources.”
Incase you missed it, Read full story here: @SERAPNigeria Sues @TundeFashola Over Money Spent On Power Privatization
PowerUpNG News reached out to a close aide in the Honorable Minister of Power, Works and Housing, Babatunde Fashola camp and in what was not a response but to enlighten the masses on the issue at hand, the aide revealed that the lawsuit was nothing to worry about.
In defense of the Minister of Power been sued by the , the aide said; “They are just being mischievous because privatization was done by the Bureau of Public Enterprises (BPE) and the National Council on Privatization (NCP) long before the administration of President Muhammadu Buhari and the appointment of the Honorable Minister. So why sue the Honorable Minister and not the body in charge of Privatization? Was Babatunde Fashola responsible for Privatization of the Power Sector? It beats logic.”
We further probed on why the figures spent in the “Pre/Post” era of Privatization was not released by the Minister of Power as Civil Society Organizations like PowerUpNG, BudgIT NG and the Public and Private Development Centre (PPDC) had earlier on written an FOI request to the Bureau of Public Enterprise (BPE) and till date never got any response. ,
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The aide of the Honorable Minister had this to say, “You’re still looking in the wrong direction. What is the responsibility of the Ministry of Finance if the Hon. Minister of Power, Works and Housing has to release figures on “Privatization process from the beginning?” Do not forget the proceeds of Privatization goes to the Federation Account and not to any Ministry’s account. Expenditures, Loan negotiations etc. are done statutorily through the MoF.”
While we await a date to be fixed for the hearing of the suit number FHC/L/CS/972/18 which was filed last week at the Federal High Court, Ikoyi, Lagos, PowerUpNG News are currently gathering more information as regarding the lawsuit.