By Omeiza Ajayi
ABUJA: Presidential candidate of the African Democratic Congress ADC, Atiku Abubakar, has called for a comprehensive public audit of all power sector intervention funds raised by the President Bola Tinubu administration, describing the latest revelations by the Association of Power Generation Companies APGC as the collapse of the government’s narrative on the settlement of power sector debts.
In a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, the former vice president said Nigerians have been presented with evidence that the Federal Government’s repeated bond issuances have become an endless cycle of borrowing without accountability.
He said the disclosure by the Executive Secretary of the APGC, Dr Joy Ogaji, that the much-publicised ₦501 billion bond has not been fully disbursed, despite repeated government claims to the contrary, raises questions about transparency, fiscal discipline and the credibility of the administration’s economic management.
The statement noted that Ogaji had also challenged the Federal Government to publish the complete list of beneficiaries, the amounts paid to each generation company and the dates of such payments, if indeed the money has been released.
