Adelabu denies missing N128bn claims in power sector
The Minister of Power, Adebayo Adelabu, has refuted claims that N128bn went missing under his leadership. He clarified that the alleged missing funds were highlighted in a financial audit report predating his tenure. Adelabu emphasized his commitment to transparency and accountability in the Ministry of Power. He also stated his willingness to cooperate with any legitimate investigation into the matter.
TLDR
- Adebayo Adelabu stated that the alleged N128bn missing in the power sector did not occur during his tenure.
- The funds in question were referenced in a 2022 financial audit report, before Adelabu's appointment as minister.
- SERAP called for an investigation into the Ministry of Power and the Nigerian Bulk Electricity Trading Plc over the missing funds.
- The Auditor-General’s report cited various unaccounted expenditures, including project funds, contractor payments, and travel expenses.
- Adelabu reaffirmed his ministry’s commitment to transparency and said he would cooperate fully with any probe into legacy issues.
