SERAP Backs EFCC’s Probe Of Obasanjo’s $16bn Power Project

The Socio-Economic Rights and Accountability Project (SERAP) has welcomed “the reported probe by the Economic and Financial Crimes Commission (EFCC) of the government of former President Olusegun Obasanjo’s $16illion power project as an opportunity for the anti-graft agency to show that former heads of state and other high-ranking public officials are not immuned from investigation and prosecution for allegations of grand corruption in Nigeria.”
The organisation said: “This probe is something, which SERAP has consistently called for. Nigerians have for far too long been denied justice and the opportunity to get to the bottom of why they continue to pay the price for corruption in the electricity sector–staying in darkness, but still made to pay crazy electricity bills.”
According to reports, the EFCC has begun the probe of the $16billion power project of the administration of former President Olusegun Obasanjo.
While some put the exact cost of the project at $16billion others say it is $13.8billion.
Key contractors and about 18 top public officers allegedly involved in the power project scam during the Obasanjo administration, and those of former Presidents Umaru Yar’Adua and Goodluck Jonathan, may also be arrested.