Sunday, Dec. 8, 2013

REVEALED: Why President Goodluck Jonathan Ask Power Minister, Nnaji to Resign

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August 28, 2012

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Written by Ben-Bright Mkpuma

It was reliably informed this night that the presidency, president Goodluck Jonathan forced Prof. Barth Nnaji, the power minister, to resign due to his personal company’s , interest, , Geometrics in buying some of the Distribution companies, in the  on going sale of the eleven distribution companies, unbundled from the Power Holding Company of Nigeria (PHCN).

Watchdogreporters gathered that prof. Barth Nnaji, who commands a lot of regards from President Jonathan and indeed some Stakeholders in the power sector, has perfected plans to buy Enugu, Alaoji in Umuahis and Afam disbutribution plants, using his personal company, Geometrics.  Sources close to the National Council on Privatisation (NCP) disclosed that the president was fully aware of the minister’s motive.

Visibly angered, the President Jonathan, according to informed sources,  Prof. Barth Nnaji was pushing the federal government to commit money in the moribund Afam  in Port Harcourt and refurbish it, while at the same time eyeing the company, through his Geometrics, this president Jonathan says ‘haba Prof’. you cannot be the seller and the buyer at the same time.

The presidency had no options than to ask him out of his cherished job, a source told watchdogreporter.   A statement from the Presidency confirmed his resignation.

With the exit of the power minister, the Enugu state government will have send to the presidency a replacement, while the deputy minister is expected to step in and act. Analysts view the action of the minister as one of the corrupt practices being championed by the President Jonathan’s aides.

The NCP last week cancelled the technical bid evaluation process for the Afam Power Generating Company and the Enugu Distribution Company, after the Minister confirmed to the Council led by Vice President Namadi Sambo that his companies were amongst those approved for consideration to acquire the facilities.

It was learnt Professor Nnaji was queried for not fully disclosing in his interest in the companies by shocked NCP members who moved swiftly to cancel the evaluation process for Afam power plant with a capacity of producing about 770 mega watts and the Enugu Distribution Company.

The three companies with bids for the Afam plant are Primeniza Energy Limited, Skipper Nigeria Limited and NPG Consortium. Nnaji is linked to two of the companies.

 

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