In a move aimed at salvaging the reform and privatisation programme of
the power sector, President Goodluck Jonathan Tuesday in Abuja accepted
the resignation of one of the key members of his cabinet, Professor Bart
Nnaji as Minister of Power, with immediate effect.
The president was said to have decided to accept the resignation,
following Nnaji’s admission that companies linked to him had submitted
bids for one of the successor companies created from the unbundling of
the Power Holding Company of Nigeria (PHCN).
However, speaking to THISDAY Tuesday night on his decision to leave the
cabinet, Nnaji said he opted to resign in order to save the
privatisation and reform programme from those who might want to use
ulterior motives to bring down the programme.
Nnaji said he had met with the president Tuesday afternoon, during which
he (president) informed him (Nnaji) that he was using his company as a
proxy to buy shares on behalf of the president in Afam power station
through the privatisation process.
