Reps to investigate Niger-Delta Power Holding Company over awarding of contracts

The House of Representatives has ordered its Committee on Power to probe operational and financial activities of the Niger-Delta Power Holding Company (NDPHC).

The mandate of the Committee includes the review of all contracts awarded by the company since 2004.

The decision to investigate the entity followed the adoption of a motion moved by Chisom Dike on Wednesday.

Giving a background on NDPHC, Dike said “that the National Integrated Power Project (NIPP) was conceived in 2004 as a fast-track government funded initiative to stabilize the Nigeria’s electricity supply system while the private-sector-Ied structure of the Electric Power Sector Reform Act of 2005 took effect.

“The initial funding for NIPP from the Excess Crude Savings Account (ECSA), the Federal Government…

Read All From The Original Article On Daily Post

Be the First to get breaking news in Nigeria. Download All Naija Media App Now.  Also. Advertise with us.

%d bloggers like this: