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Billions 'installmentally stolen' in Fashola’s ministry, Senator raises alarm
Senator Dino Melaye has raised an alarm on the ‘monumental fraud’ in the ministry of power, works and housing. Babatunde Fashola currently heads the ministry. Speaking on the floor of the Senate on Thursday, November 2, 2017, Senator Melaye accused the ministry of spending monies not appropriated in its budget. Melaye alleged that the execution of the ministry’s Fast Power initiative has been laced with corruption. “In line with anti-corruption posture of this chamber especially now that our cries and observation are yielding dividence as expressly manifested in the case of Babachir Lawal,” Melaye began. “Today I bring to the attention of this senate, a monumental fraud in the power sector. In July 2013, the FG raised N1 billion from a euro bond issue. From the proceed, the sum 350 million dollars was given to IBEX in 2014. This money is installmentally stolen. “As I speak to you, Mr President, sometime last year again, the ministry of power came up with a project they termed...

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