Jonathan Sold PHCN For $2.5Bln- Reno Omkiri

A Special Assistant to former President Goodluck Jonathan, in a statement said that, his attention has been drawn to the story ‘Obasanjo, Yar’Adua, Jonathan wasted N11tn on electricity –SERAP’ published most prominently in The Punch newspapers on August 10, 2017 and less prominently in other papers.

He said “researchers who could have taken advantage of the Freedom of Information Act that Dr. Jonathan signed into law in May, 2011 to get records and data from relevant government ministries, departments and agencies that would have given them a fuller picture instead of the narrow view they have.”

“Former President Jonathan could not have wasted ₦11 trillion or any other amounts of money for the simple reason that he was the Nigerian President who privatized the Power Sector beginning on August 26, 2010 when he launched the road-map to power sector reforms and culminating on October 16, 2012 when the winning bids were announced for the sale of power generating and distributing companies,” he added

Omokri said that President Jonathan successfully handed over the bulk of Nigeria’s Power Infrastructure to successful private sector bidders after they had made payments for the assets they acquired.

Quoting Jonathan at the event, he said “I congratulate our new owners who have taken over the engines and cables that are expected to drive not just the electricity industry but also the socio-economic well-being of the nation”.

Reno Omikri added in the statement that “In total, the Power Holding Company of Nigeria was split into six generation and 11 distribution firms, all sold separately, for about $2.5 billion for which the Jonathan administration received much deserved praise.”

 

Omikri concluded that “I do hope those papers which published this false report against the person of former President Jonathan and the administration that he led will be honorable enough to set the records straight for posterity.”

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