Showing posts with label Barth Nnaji. Show all posts
Showing posts with label Barth Nnaji. Show all posts

Tuesday, August 28, 2012

Conflict of Interest led to sack of Barth Nnaji

Rumour has it that attempt by Minister of Power Prof. Barth Nnaji to buy two of PHCN's Generation Companies for himself may have led to his sack by President Jonathan.

Prof Nnaji has substantial shares in Geometric Power one of the companies bidding for purchase of PHCN's Afam Power Station and Enugu Distribution Company.

Presidency got wind of the development that the Minister had through back door sold the companies to himself.

Nigeria is a regional power in West Africa and yet cannot boast of 5000MW for her population of over 150 million people. High level corruption has eaten deep into governance which led to infrastructural decay over the years. Poverty is at its highest level as over 70% of the population are impoverished.

Nigerians are looking up to President Jonathan to deliver on dividends of democracy and to rid the society of corruption.

Power Minister Prof. Nnaji Resigns

STATE HOUSE PRESS RELEASE
PRESIDENT JONATHAN ACCEPTS RESIGNATION OF MINISTER OF POWER
President Goodluck Ebele Jonathan has accepted the resignation with immediate effect of the Minister of Power, Prof. Barth Nnaji.
President Jonathan thanks Prof. Nnaji for his services to the nation under the present administration and wishes him well in his future endeavours.
 Reuben Abati
Special Adviser to the President
(Media & Publicity)
August 28, 2012