• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 23, 2025
  • Login
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Power

Reps invite ministers of finance, power, others over $33m Azura power deal

Ada Okafor by Ada Okafor
August 24, 2022
in Power
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The House of Representatives has invited the Ministers of Power and Finance and heads of Bureau of Public Procurement (BPP), Niger Delta Power Holding Company (NDPHC) over a 33 million dollars Azura power purchase agreement.

Other agencies invited include: Nigeria Bulk Electricity Transmission (NBET), Transmission Company of Nigeria (TCN) and Nigeria Electricity Regulatory Commission (NERC).Rep. James Faleke, Chairman, House of Reps Committee on Finance, which is investigating alleged breach of agreement and perennial power failure in the country invited the heads of all the agencies in Abuja on Tuesday.

Faleke said the agencies would be brought before the committee to explain their role in the power deal, adding that the appropriate date for their appearance before the committee would be communicated to the affected agencies.

The News Agency of Nigeria (NAN) reports that the committee had on Aug. 19 discovered that the country was committed to a monthly payment of 33 million dollars in a take or pay deal.The committee however discovered that Azura power plant had not been able to deliver the 450 megawatt of electricity agreed to with TCN to the national grid since the contract was signed.

Faleke, however told the Managing Director, TCN, Mr Sule Abdulazeez to present its budget allocation from 2002 to date and the contract awarded and the certificates  by TCN on power transmission lineHe said that if  Azura would demand money in dollars from power being generated, Nigeria should also demand money from Azura in dollars for power being used from the national grid.The committee also asked TCN to provide it with its Internally Generated Revenue (IGR) from 2010 including its audit report, while also picking holes in the IGR being spent by TCN outside budgetary provision.(NAN)

Previous Post

Peter Obi meets with Afenifere, Southern, Middle-Belt leaders behind closed-doors

Next Post

FG set to receive $23.4m fresh Abacha loot

Next Post

FG set to receive $23.4m fresh Abacha loot

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Reps indict 31 MDAs, task EFCC, ICPC to recover ₦103.8bn, $950,912
Cover

Reps indict 31 MDAs, task EFCC, ICPC to recover ₦103.8bn, $950,912

by Eze Chidozie
July 23, 2025
0

The House of Representatives has indicted 31 federal Ministries, Departments and Agencies (MDAs) over financial infractions totalling over ₦103.8 billion...

Read moreDetails
Anambra CP bags best crime fighter’s award from NUJ

Anambra CP bags best crime fighter’s award from NUJ

July 23, 2025
NUJ honours Chairman NYSC Board as Grand Patron

NUJ honours Chairman NYSC Board as Grand Patron

July 23, 2025
NIDCOM, First Bank boost DIASPORA banking at Nigeria UK festival 

NIDCOM, First Bank boost DIASPORA banking at Nigeria UK festival 

July 23, 2025
Preserving the Soul of the Nigerian Catholic Church from Pentecostal Corruption

Church  excited as security agencies rescue priest, 32 Others in Zamfara 

July 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng