Saturday, July 25, 2026
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
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
PRESS STATEMENT
Opinion

PRESS STATEMENT

by Newsdesk Africa
July 25, 2026
0

Mbaise New Yam Festival: Akagburuonye's Position on the Current Developments Chief Barr. Success Obioma Akagburuonye (Akaraugo I of Mbaise) has...

Read moreDetails
Enugu Emerges Nigeria’s Fastest-Improving State

Enugu Emerges Nigeria’s Fastest-Improving State

July 25, 2026
Customs Sets Strategic Communication Blueprint to Optimise Trust, Trade Facilitation

Customs Sets Strategic Communication Blueprint to Optimise Trust, Trade Facilitation

July 25, 2026
FG Inaugurates Inter Ministerial Committee to develop 2026 VAT Modification Order

FG Inaugurates Inter Ministerial Committee to develop 2026 VAT Modification Order

July 25, 2026
Obasanjo, Atiku renew war, trade allegations

Obasanjo, Atiku renew war, trade allegations

July 25, 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