NLC Raises Red Flag Over Alleged ₦20bn Power Grid Expansion Spending

THE NIGERIA LABOUR CONGRESS, NLC, HAS RAISED CONCERNS OVER AN ALLEGED PLAN BY CERTAIN OFFICIALS WITHIN THE TRANSMISSION COMPANY OF NIGERIA, TCN, TO SPEND CLOSE TO 20 BILLION NAIRA ON ELECTRICITY GRID EXPANSION PROJECTS. THE NIGERIA LABOUR CONGRESS, NLC, HAS RAISED CONCERNS OVER AN ALLEGED PLAN BY CERTAIN OFFICIALS WITHIN THE TRANSMISSION COMPANY OF NIGERIA, TCN, TO SPEND...

• THE NIGERIA LABOUR CONGRESS, NLC, HAS RAISED CONCERNS OVER AN ALLEGED PLAN BY CERTAIN OFFICIALS WITHIN THE TRANSMISSION COMPANY OF NIGERIA, TCN, TO SPEND CLOSE TO 20 BILLION NAIRA ON ELECTRICITY GRID EXPANSION PROJECTS.
• THE NIGERIA LABOUR CONGRESS, NLC, HAS RAISED CONCERNS OVER AN ALLEGED PLAN BY CERTAIN OFFICIALS WITHIN THE TRANSMISSION COMPANY OF NIGERIA, TCN, TO SPEND CLOSE TO 20 BILLION NAIRA ON ELECTRICITY GRID EXPANSION PROJECTS.THE LABOUR UNION CLAIMED THAT THE PROPOSED EXPENDITURE, REPORTEDLY BEING PURSUED UNDER THE LABEL OF EMERGENCY REFURBISHMENT, APPEARS TO BE A SCHEME AIMED AT DIVERTING FUNDS FROM THE FINANCIALLY STRAINED POWER UTILITY.IN A LETTER ADDRESSED TO THE MINISTER OF POWER, ADEBAYO ADELABU, AND SIGNED BY THE NLC PRESIDENT, JOE AJAERO, THE UNION WARNED THAT THE PLANNED SPENDING POSES A SERIOUS THREAT TO THE ORGANISATION’S FINANCIAL STABILITY.AJAERO ALLEGED THAT A GROUP OPERATING WITHIN TCN WAS ATTEMPTING TO USE THE JUSTIFICATION OF AN EMERGENCY TO SIDESTEP STANDARD PROCUREMENT PROCEDURES AND CONCEAL QUESTIONABLE TRANSACTIONS WITHIN COMPLEX DOCUMENTATION.
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