FORMER President Olusegun Obasanjo, declared on Tuesday he was ready for probe over the $16 billion power project President Muhammadu Buhari had alleged was mismanaged by his administration.

This was made known in a statement released  by Kehinde Akinyemi, his media aide.

The statement reads:

“It has come to the attention of Chief Olusegun Obasanjo that a statement credited to President Muhammadu Buhari, apparently without correct information and based on ignorance, suggested that $16 billion was wasted on power projects by “a former President”.

“We believe that the President was re-echoing the unsubstantiated allegation against Chief Obasanjo’.

He argued that while it is doubtful that a President with proper understanding of the issue would utter such, it should be pointed out that records from the National Assembly had exculpated him (Obasanjo) of any wrong-doing concerning the power sector and has proved the allegations as false.

“For the records, Chief Obasanjo has addressed the issues of the power sector and the allegations against him on many occasions and platforms, including in his widely publicised book, My Watch in which he exhaustively stated the facts and reproduced various reports by both the Economic and Financial Crimes Commission (EFCC), which conducted a clinical investigation into the allegations against Chief Obasanjo, and the Ad-Hoc Committee on the Review of the Recommendations in the Report of the Committee on Power on the Investigation into how the Huge Sums Of Money was Spent on Power Generation, Transmission And Distribution between June 1999 and May 2007 without Commensurate Result”. Obasanjo said.

Obasanjo urged Buhari and his co-travellers to read Chapters 41, 42, 43 and 47 of My Watch for his insights and perspectives on the power sector and indeed what transpired when the allegation of $16 billion on power projects was previously made.

“If he cannot read the three-volume book, he should detail his aides to do so and summarise the chapters in a language that he will easily understand,” Obasanjo added.