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CSOs seek probe of GE over alleged $20b expenditure

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A coalition of civil society organisations has urged the Economic and Financial Crimes Commission (EFCC) to probe the alleged misuse of $20 billion by General Electric (GE) from the funds meant to revive the nation’s power sector.

In a petition to the acting chairman of the anti-graft agency, Ibrahim Magu, the group particularly called for the immediate prosecution of those found wanting in the 2008 House of Representatives power panel report.

The National Coordinator, Empowerment for Unemployed Youth Initiative (EUYI), Solomon Adodo, who led a band of demonstrators to the head office of EFCC in Abuja, maintained that the inquiry would help in determining the actual economic loss and havoc allegedly done to the country by the firm and its allies.


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