The Senate Committee on Public Accounts has begun an investigation of ₦14.7 billion proceeds of privatisation of the defunct Power Holding Company of Nigeria (PHCN) allegedly hidden in commercial banks by the Bureau of Public Enterprise (BPE). The committee is acting on an audit query in the ‘Auditor-General for the Federation’s Annual Report on Non-Compliance/Internal … Continue reading PHCN: Senate Probes ₦14.7bn Privatization Funds