Power sector debt: Atiku calls for audit of N501bn bond

From Ndubuisi Orji, Abuja
Former vice president, Atiku Abubakar, has called for audit of the utilisation of the N501 billion bond issued recently by the Federal Government for the settlement of power sector debts.
Atiku said an audit of the N501 billion bond has become necessary following the disclosure by the Executive Secretary of the Association of Power Generation Companies (APGC), Joy Ogaji that the bond has allegedly not been fully disbursed.
Atiku, in a statement by his Senior Special Assistant on Public Communication, Phrank Shaibu, yesterday, said the disclosure by the APGC had presented compelling evidence that the Federal Government’s repeated bond issuances have alleg...