Former Vice President, Namadi Sambo, has faulted claims by former Minister of Budget and National Planning, Shamsudeen Usman, alleging that the 2013 power sector privatisation process was driven by political interests rather than the technical and financial capabilities of the buyers.

A statement issued by Sambo’s Personal Secretary, Yinka Ibrahim, and made available to journalists in Kaduna, the ex-Vice President described the allegations as false, mischievous and hypocritical, while noting that they were intended to tarnish the image of the Goodluck Jonathan administration and the National Council on Privatisation, which he chaired at the time.

Sambo said: “My attention was drawn to a shocking statement attributed to Dr Usman, suggesting that political considerations influenced the selection of preferred bidders during the privatisation process.”

According to him, the statement is utterly ridiculous and a complete falsehood.

Sambo said: “Usman had made the remarks during a recent event in Abuja, where he claimed that political figures and officials in the Jonathan administration scrambled for stakes in the privatised power companies.”

He, however, dismissed the claims by the former minister “as baseless”, stressing that he (Sambo) was not aware of any decision that compromised the integrity of the process.

He added: “As the Chairman of the Privatisation Council, I carried out the responsibilities in line with established procedures and in the best interest of the nation, which was widely acknowledged by both local and international communities.

“It is on record that the minister of power at the time had to resign due to an apparent conflict of interest in the privatisation process. And to further ensure transparency in the privatisation process, Nigeria’s anti-corruption agencies: the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices and other related Offences Commission (ICPC) were included as statutory members of the council.”

The statement challenged the former minister “to give specific details of the foul plays or names of persons or organisations he claimed were politically favoured or compromised.”

Sambo further queried the timing and motive behind Usman’s comments, noting that the former minister was deeply involved in the privatisation process and chaired several committees.

Meanwhile, the ex-Vice President has advised President Bola Ahmed Tinubu and the Minister of Finance, Mr Wale Edun, to be cautious in dealing with Dr Usman, whom he described as inconsistent and disloyal.