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There are strong indications, that former President, Olusegun Obasanjo, might soon be investigated, over his alleged involvement in the embezzlement of a whopping $16 billion, on power project, from 1999-2007.
The development is coming at a time when the former President, suddenly began an attack on President Muhammadu Buhari, over the poor state of the nation’s economy.
In a letter addressed to the Chief Justice of Nigeria, CJN, on Thursday, November 24, by the Socio-Economic Rights and Accountability Project, SERAP, the group ‎asked Justice Water Samuel Nkanu Onnoghen, to appoint an independent Counsel, to investigate the alleged corruption in the spending of the alleged sum, between 1999 and 2007, by the Obasanjo administration.
The letter ‎noted that the request was based on Section 52 of the Independent Corrupt Practices and Other Related Offences, ICPC, Act 2000, as well as the letter and spirit of the Act, and the object and purpose of the 1999 Constitution (as amended).
Recall, that during the House of Representatives’ investigative hearing on the matter, the Lawmakers had revealed, through testimonies of witnesses, that the amount budgeted for the power project, may have been stolen by some government officials, and others, and cannot be accounted for.

‎The hearing which took place ‎between March 11 and 12 March, 2008, had revealed that one Mr. Bernerd Mensen, the Chief Executive Officer of German firm, Lameyer, was paid N370 million (out of the total contract sum of N600 million), just for a feasibility study on a power station.
‎Based on SERAP’s submission, Mr. Mensen, ‎however, confessed that he had never visited the site of the Mambilla Hydro-Electric Power Project, in Taraba State.
Meanwhile, other heartbreaking revelations, indicated that ‎N200 million of the N370 million collected, was spent to build a bungalow at Gembu, apparently to create the impression that work was in progress, but the project was later abandoned.
A witness according to SERAP, had ‎testified at the hearing, that the ground-breaking was done at Gembu, about 25 kilometers from the Mambilla, and that they never got to the Mambilla.
Most shocking, is that the sample of Oil Lameyer, collected for test viability of the soil for the project, was also dumped at a neighbourhood compound, and that the company did nothing to implement the project, which was expected to generate 2,600 megawatts of electricity.
SERAP, further reminded the CJN that contracts awarded for the Kainji, Egbin, Afam, and Ugehlli power stations, were never executed, despite being included by the Power Holding Company of Nigeria, PHCN.

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