House of Representatives Committee on Finance, yesterday, expressed displeasure over the refusal of the Nigerian Bulk Electricity Trading (NBET) PLC to state the amount it generated in its budget performance report.

The lawmakers raise the concern when the Managing Director/Chief Executive Officer of the agency, Dr Nnaemeka Ewelukwa, appeared before the committee to defend its 2024 budget.

NBET is the manager and administrator of the electricity pool in the Nigerian Electricity Supply Industry (NESI). The company purchases electricity from generating companies through power purchase agreements and sells them to distribution companies through vesting contracts.

Ewelukwa had made a presentation about the agency’s performance in previous years without stating with precision how much had been generated by the agency so far.

But a member of the committee, Hon. Wole Oke representing Obokun/Oriade Federal Constituency of Osun state, accused Ewelukwa of attempt to conceal important information from the committee.

The lawmaker submitted that the agency officials should be asked to leave and provide all necessary information before they are allowed to sit before the committee.

Responding, the NBTE boss refuted the allegation that he was concealing important information, disclosing that the organisation had generated about N1.6 billion so far.

But the Chairman, House Committee on Finance, James Faleke, interjected while backing the submissions made by his colleague.

Faleke said: “Initially, I wanted to raise some issues. You buy and you sell. You are to present to us with the figures.”

He, therefore, directed that the NBTE officials to go and do their homework, adding that they should reappear before the committee on Wednesday.