By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: I’m Ready for Probe Over $16bn Power Project – Obasanjo Replies Buhari
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

I’m Ready for Probe Over $16bn Power Project – Obasanjo Replies Buhari

Farouk Mohammed
By Farouk Mohammed
Published: May 22, 2018
Share
2 Min Read
SHARE

Former President Olusegun Obasanjo has said he is ready for probe over the $16b Power Project.

He made this known in a statement by his media aide, Kehinde Akinyemi.

The statement reads, ‘It has come to the attention of Chief Olusegun Obasanjo that a statement credited to President Muhammadu Buhari, apparently without correct information and based on ignorance, suggested that $16 billion was wasted on power projects by “a former President”. We believe that the President was re-echoing the unsubstantiated allegation against Chief Obasanjo by his own predecessor but one’.

Obasanjo argued that while it is doubtful that a President with a proper understanding of the issue would utter such, it should be pointed out that records from the National Assembly had exculpated him (Obasanjo) of any wrong-doing concerning the power sector and has proved the allegations as false.

- Advertisement -

“For the records, Chief Obasanjo has addressed the issues of the power sector and the allegations against him on many occasions and platforms, including in his widely publicised book, My Watch in which he exhaustively stated the facts and reproduced various reports by both the Economic and Financial Crimes Commission (EFCC), which conducted a clinical investigation into the allegations against Chief Obasanjo, and the Ad-Hoc Committee on the Review of the Recommendations in the Report of the Committee on Power on the Investigation into how the Huge Sums Of Money was Spent on Power Generation, Transmission And Distribution between June 1999 and May 2007 without Commensurate Result,” he boasted in the statement.

Obasanjo urged Buhari and his co-travellers to read Chapters 41, 42, 43 and 47 of My Watch for his insights and perspectives on the power sector and indeed what transpired when the allegation of $16 billion on power projects was previously made.

“If he cannot read the three-volume book, he should detail his aides to do so and summarise the chapters in a language that he will easily understand,” Obasanjo added.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:buhariobasanjo
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Arsenal Unveil New Home Kit for the 2018/19 Season
Next Article Atletico Madrid Defeat Nigeria’s Super Eagles 3-2 at Godswill Akpabio Stadium

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 2 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Halima Buba
EFCC Arraigns SunTrust Bank MD, Executive Director Over Alleged $12m Money Laundering
News
Seun Ogunbambo
EFCC Declares Seun Ogunbambo Wanted Over ₦976.6 Million Oil Subsidy Fraud
News
In-Depth Analysis of Air India Boeing 787 Crash in Ahmedabad
Explainer
My Dad’s Presidency Would Have Changed Nigeria, Abiola’s Son Declares, Reflecting on 1993 Election Annulment
News Top stories
Israel Temporarily Closes Diplomatic Missions Worldwide Amid Military Strikes on Iran
International
- Advertisement -
Ad imageAd image

You May Also Like

Ibrahim Badamasi Babangida (IBB)
NewsTop stories

Lekan Abiola Reveals Babangida’s Private Apology Over Annulled June 12 Election

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 13, 2025
Sport

JUST IN: Liverpool Completes £116 Million Signing of Florian Wirtz from Bayer Leverkusen

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 13, 2025
News

Fayemi: Nigeria’s Democracy Still a Work in Progress, Reflects on Radio Kudirat Dangers

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 13, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?