Power: Anxiety over leak AfDB, Finance Minister’s memo to Buhari

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The struggle for Management of the Transmission Company of Nigeria, TCN, has taken apprehensive dimension following alleged leakage of top confidential document from the Presidential Villa, Abuja, currently in possession of factional leadership of trade union in the Ministry of Power.

The letters, according to a reliable source close to the power pay was written by the top management at the African Development Bank, AfDB, intimating the President, Muhammadu Buhari on the implication of removal of the former Managing Director of Transmission Company of Nigeria, TCN, Mr. Usman Gur Mohammed, particularly with the donor agencies considering to decline further transactions in power sector.

The letters, Vanguard reliably gathered, were those written by the President, African Development Bank, AfDB, Akinwunmi Adesina and the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to which the both technocrat made comprehensive reports on what the nation’s power sector stands to benefit, if Mr. Usman Gur Mohammed is reinstated to steer the affairs of TCN, most especially in the area of transparency, which the foreign donors strictly adhered to.

It would recalled that a group, the Nigerian Power Consumers Forum, NPCF, recently issued a warning that the removal of MD, TCN, Mr. Mohammed, would threaten $1.66 billion foreign donor fund the company has attracted to expand power transmission to 20,000 megawatts.

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