Senate, Reps Summon Fashola Following Sack Of TCN Management

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Senate, Reps summon Fashola Following Sack Of TCN Management

A joint committee of the National Assembly on Power on Friday summoned the Minister for Power, Works and Housing, Babatunde Fashola – on Monday – with respect to the sudden dissolution of the management of the Transition Company of Nigeria (TCN).

The summon is coming after the Federal Government had announced the sack of the Abubakar Atiku-led management of TCN, and seconded Usman Mohammed from the African Development Bank, AfDB, to head the company.

In the statement jointly signed by the Chairman of the Senate Committee on Power, Enyinnaya Abaribe, and the Chairman of the House Committee on Power, Daniel Asuquo, the National Assembly expressed worry at the development.

“The Joint Committee on Power of the National Assembly acting on its powers of oversight received disturbing correspondences and information regarding the sudden change in the leadership of TCN, and its attendant crisis,” the joint committee said.

“Considering the urgency of the matter, especially due to the present economic recession, the Joint Committee resolved to invite the Hon. Minister of Power, Works and Housing to explain the decision of the ministry to “import” from the ADB (one of the lenders to TCN) yet another duplication of the Manitoba experience which had left a negative impression on the fortunes of TCN and indeed the Power Sector.

“The Joint Committee invited the Hon. Minister for Power, Work & Housing to appear before the Committee along with relevant officials on the 3rd of February which he could not appear.

“Consequently, the Joint Committee met and resolved as follows:

“(a) That the status quo ante in respect of the management of TCN be maintained;

“(b) That the Minister should endeavor to appear before the Committee on Monday 6th February, 2017 by 10 am. and

“(c) That all TCN staff and relevant stakeholders should maintain the peace in the overall interest.”

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