Following representations made by some civil society groups, the Economic and Financial Crimes Commission (EFCC) has set machinery in motion to probe the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.
The anti-graft agency may invite two ex-ministers, former top
officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company and all the people recommended for investigation by a committee of the House of Representatives.
A team in EFCC was already collating facts and figures at press time yesterday.
But a top source, who spoke in confidence, said the move was not targeted at ex-President Obasanjo.
