Six years ago, the Federal Government unbundled the power Holding Company of Nigerian (PHCN) and handed over 18 utility firms to private investors. Government raked in $2.5 billion (about N916.575bn) from the transaction involving six Generation Companies (GenCos) and 11 Distribution Companies
Chairman of the Senate Committee on the Federal Capital Territory, Dino Melaye, wants the Economic and Financial Crimes Commission, EFCC, to probe Manitoba Hydro International Nigeria Limited for alleged abuse of Public Procurement Act and diversion of funds amounting to N13.8 billion.