24 June 2011
Ughelli — THE Initiative for Better Power Supply, IBPS, a non- governmental organisation, NGO, yesterday, called on the National Assembly to revisit the Ndidi Elumelu Power Panel Report and secret accounts, allegedly illegally operated by some zonal offices of the Power Holding Company of Nigeria, PHCN.
IBPS in a statement by its National Coordinator, Don Emmanuel Onose, alleged that the PHCN "is one organisation where the mantra of zero tolerance to corruption is virtually meaningless.
"It is one utility whose failure is largely responsible for the sorry state of the Nigerian economy because of the central supply of electricity to all facets of national life. The government has been committing a lot of funds to the reorganisation of the company and for the improvement of its services."