The Nigerian Bulk Electricity Trading Plc board is expected to meet this Friday to discuss what an insider described as “strange” N7.68 billion budgetary allocations to the company in the 2021 budget.
In the same budget, the NBET also allegedly proposed to provide 500KVA transformers for Uwan and selected communities in various states at the cost of N150 million; supply and installation of transformers in selected areas of Gombe North senatorial district at the cost of N100 million; N50 million for provision of 500KVA/11 and 300KVA/11 at different locations in Dawakintofa/Rimin Gado/Tofa, Kano State.
However, one of the board members told THISDAY that some of them got to know about the issues through an online newspaper report, and wondered how those items got into the budget of a company with only mandate of buying power from the generating companies and selling to the distribution companies . The board member wondered how NBET planned to ‘’scoop out the monies’’ from the company and begins to electrify communities and buy transformers when it is outside its mandate.
Source: Digital Coin News (digitalcoinnews.net)