Buhari-OBJ Face-Off: EFCC Begins 'Forensic Probe' of Obasanjo's $16b Power Projects | CNR

Former President Olusegun Obasanjo

The Economic and Financial Crimes Comission, EFCC will commence the conduct of a "comprehensive and forensic probe" of former President Olusegun Obasanjo's $16 billion allegedly spent on power projects during his time as president.

The renewed interest in Obasanjo's power-sector expenditure came after President Mohammadu Buhari said earlier in the week that there was nothing to show for $16 billion a former president claimed to have spent on the power sector.

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A report by The Nation quoted a source at the Commission as saying that those who would be invited for the probe include two former ministers, former top officials of the then Power Holding Company of Nigeria, PHCN, anyone recommended for investigation by the House of Representatives committee, past and present official of the Niger Delta Power Holding Company, NDPHC.

The source said: "We are looking into all the allegations and issues surrounding the project.

"We will conduct a comprehensive and forensic probe to ascertain the true status of all the projects". The Nation quoted the source as saying.

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The source said the Commission will investigate the various figures they have heard in connection to said power project.

"We have many fiqures being bandied as $16 billion, 410.3 billion, $8.4 billion, and $8.55 billion. This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.

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"Already a team is collating facts and figure on these projects and as part of preliminary level/bend of the investigation, we will retrieve the report of the House of Representatives Committee, which investigated the power projects.