Senator Dino Melaye has accused Manitoba Hydro International Nigeria Ltd of diversion of N13.8bn and abuse of Public Procurement Act.
This was contained in a petition against the firm to the Economic and Financial Crimes Commission, EFCC.
Melaye, through his organisation, Anti-Corruption Network, which he founded to assist in fighting corruption in the country, said his petition was birthed out of his desire to eliminate corruption in the country.
In the petition, dated July 28, 2016, submitted to the EFCC, weekend, and received by the agency’s Head of Media and Public Affairs, Osita Nwajah, the senator accused Manitoba Hydro International Nigeria Ltd of diversion of funds, economic sabotage, criminal violation and abuse of Public Procurement Act.
“The award of contract verbatim at the cost of N893,000,000.00 for the repair of telecommunications equipment and remote terminal units associated with PHCN (legacy) power stations and TCN 330kv substations to various sums which were paid for, but never executed.
“Failure by the company to ensure probity, accountability and transparency in the management of TCN, as no audit has been conducted on the accounts of TCN since assumption of management by the company.
“This is in contravention of the terms of contract signed between the company and the Bureau of Public Enterprise and this has no doubt led to many irregularities in the market operations sector.” he said.