No minister under me had the authority to approve more than 25 million naira without my consent – Obasanjo
Home » Politics » No minister under me had authority to approve more than 25 million naira without my consent – Obasanjo
PolicySeptember 3, 2023
Former President Olusegun Obasanjo said no member of his cabinet had the authority to approve more than 25 million naira without his consent when he ruled the country between 1999 and 2007.
Obasanjo said this in an exclusive interview with TheCable, while challenging former energy and steel minister Olu Agunloye where he won permission to award a $6 billion contract. dollars to Sunrise Power and Transmission Ltd for the Mambilla hydroelectric project in 2003.
Sunrise Power is currently in arbitration with Nigeria before the International Chamber of Commerce (ICC), in Paris, France, over an alleged breach of contract by the federal government.
In the first arbitration, Sunrise demanded $2.3 billion in compensation, saying it spent millions of dollars on financial and legal consultants before the contract was abandoned.
In the second, the company sought a $400 million settlement, under the terms of the agreement it reached with the federal government in 2020 to end arbitration.
Reacting to this over the weekend with TheCable, Obasanjo said, “When I was president, no minister had the authority to approve more than 25 million naira without the express consent of the president.
“It was impossible for Agunloye to commit my government to a $6 billion project without my permission and I gave him no permission. »
The ex-president added: “If a commission of inquiry is set up today to investigate this matter, I am ready to testify. I don't even need to testify since all the files are there. I never approved of it. »
Home » Politics » No minister under me had authority to approve more than 25 million naira without my consent – Obasanjo
PolicySeptember 3, 2023
Former President Olusegun Obasanjo said no member of his cabinet had the authority to approve more than 25 million naira without his consent when he ruled the country between 1999 and 2007.
Obasanjo said this in an exclusive interview with TheCable, while challenging former energy and steel minister Olu Agunloye where he won permission to award a $6 billion contract. dollars to Sunrise Power and Transmission Ltd for the Mambilla hydroelectric project in 2003.
Sunrise Power is currently in arbitration with Nigeria before the International Chamber of Commerce (ICC), in Paris, France, over an alleged breach of contract by the federal government.
In the first arbitration, Sunrise demanded $2.3 billion in compensation, saying it spent millions of dollars on financial and legal consultants before the contract was abandoned.
In the second, the company sought a $400 million settlement, under the terms of the agreement it reached with the federal government in 2020 to end arbitration.
Reacting to this over the weekend with TheCable, Obasanjo said, “When I was president, no minister had the authority to approve more than 25 million naira without the express consent of the president.
“It was impossible for Agunloye to commit my government to a $6 billion project without my permission and I gave him no permission. »
The ex-president added: “If a commission of inquiry is set up today to investigate this matter, I am ready to testify. I don't even need to testify since all the files are there. I never approved of it. »
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