Friday, May 1, 2026
  • 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

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Troops rescue kidnap victims, arrest criminals at Oghe, Ebonyi state
Crime

Troops rescue kidnap victims, arrest criminals at Oghe, Ebonyi state

by Maurice Okosisi
April 30, 2026
0

The Nigerian Military Thursday disclosed that Troops of Operation UDO KA  in collaboration with other security agencies have rescued kidnap...

Read moreDetails
NNPC records major breakthrough with OB3 gas pipeline River Niger Crossing

NNPC records major breakthrough with OB3 gas pipeline River Niger Crossing

April 30, 2026
How alleged coup plotters disbursed over N600m –Witness

How alleged coup plotters disbursed over N600m –Witness

April 30, 2026
Nigeria Police Force orders dismissal, prosecution of officer involved in Effurun killing

Nigeria Police Force orders dismissal, prosecution of officer involved in Effurun killing

April 30, 2026
Tinubu names Bianca Odumegwu-Ojukwu as Minister of Foreign Affairs

Tinubu names Bianca Odumegwu-Ojukwu as Minister of Foreign Affairs

April 30, 2026
  • 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