The Minister of State for Power, Hajia Zainab Ibrahim Kuchi, disclosed recently that a cartel in the Power Holding Company of Nigeria (PHCN) supposedly deceived the Permanent Secretary in the ministry to raise a memo for the payment of N24 billion for power distribution equipment already available in the company’s store.
The minister exposed the shock find during an official visit to PHCN’s facilities in the premises of the Transmission Company of Nigeria (TCN) in Ojo, Lagos State; where she and members of her entourage witnessed some of the power distribution equipment being loaded in trucks, ready to be carted away illegally and with false documents.
Two trucks intercepted in the process had papers showing power equipment different from the ones listed on the documents authorizing the removal of the items.
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