The House of Representatives, on Wednesday, set machinery in motion to investigate the alleged sale of power assets by the Bureau of Public Enterprises (BPE) under the administration of former President Goodluck Jonathan.
The House then resolved to set up an ad hoc committee to investigate the processes and sale of all aspects of power assets in Nigeria by the BPE to determine if there were malpractices and misconduct in the exercise and also whether appropriate value was placed on them and determine if any person breached the rules and the law during the sale.
The House's resolution was sequel to a motion moved by Honourable Chike Okafor entitled, 'Alleged Non-transparent and Fraudulent Sale of Power Assets by the Bureau of Public Enterprise(BPE).'
While moving the motion, Honourable Okafor said that the processes leading to the sale of the country's power infrastructure to private investors by the previous Federal Government was faulty.
To this end, he said: "The process of the sale of these assets fell short of the prescribed criteria set by the enabling law guiding the activities of the BPE in the privatisation process and also not in tune with international best practices."
When the motion was put to vote by the Speaker, Honourable Yakubu Dogara, it was unanimously adopted.
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