Minister For Power, Works And Housing In Knock Heads With Senate Over $350 Million Power Fund.

In Reaction to the viral corruption practices alleged in  the minister of Power, works and housing, in a statement personally signed on Thursday, Fasola said we would cooperate with the Senate as he and his staff has done nothing wrong in management of the said fund.
“With all emphasis, I state that there is no factual basis for the allegations,” he said.
“The ministry, my staff and I have done nothing wrong and we will collaborate fully with the investigating committee when called upon,” he added.

He alleged an ulterior motive in the presentation of the allegations, as the senator made different allegations while raising it as a petition, and later as a motion.
Fasola Babatunda , the minister for power, works and housing  in reaction to the alleged financial mismanaged in the ministry of power, works and housing , says there is no such situation as all the money was invested and has accrued interest.

Senator Dino Melaye  the senator representing Kogi West, had accused the ministry of mismanaging funds to the tune of $35 million and another attempt to break away with $350 million Eurobond.
While in response, Fasola said, the allegation is "unverified allegation" raised by the  senate.
Fasola said "the ministry has done nothing wrong"

To clear all dout, Fasola refered to a news publication “The Nigeria Sovereign Investment Authority (NSIA) had on Monday, 6th November 2017 issued a statement on the front page of The Nation Newspaper explaining that the money was not missing, stating also that the $350 million had been invested and that interest had even accrued on the money.
“If there was no ulterior motive for the allegation, this was enough reason for a reconsideration of the presentation of the motion on the floor of the Senate on the 8th of November 2017.
“But the story seemed to have changed from “missing money” last week, to a “desperate attempt to retrieve the money “, this week.”
“They offered to do this by providing Nigeria with mobile turbines of 600MW if we could find a location with Gas and Transmission evacuation infrastructure.

The Afam Power Station fitted because it had transmission and evacuation facilities but all its turbines had been virtually run down.
The minister of power made it clear that the turbines are already in Nigeria at Onne while civil work is ongoing at the site and installation of some equipments