The Chairman of Nigeria Electricity Regulatory Commission (NERC), Dr Sam Amadi has dismissed claims that it set aside 2.7 billion Naira as severance pay for its commissioners.
He denied the claims on Tuesday when he appeared before the House of Representatives Committee on Power headed by Hon. Daniel Asuquo investigating the alleged plan by the commission to make the payment.
Declaring the public investigation open, the Deputy Speaker, Yusuf Lasun, representing the Speaker said there was an urgent need to address a lot of issues in the power sector, he also urged the the Nigeria Electricity Regulatory Commission to always live up to its regulatory responsibility of wielding the big stick on any erring parties and also role. He also assured NERC officials that the exercise is not a witch hunt as they are all partners in progress to ensure that the needed change is delivered to Nigerians.
The Chairman of the committee, Honourable Daniel Asuquo, listed some of the objectives of the hearing.
The committee is also probing the power sector to understand the challenges faced by major players in the sector and how the parliament can help address them.
The Minister of Power, Works and Housing, Mr Babatunde Fashola, also made a brief appearance before the committee. He told the Committee that he had no sufficient information to contribute to the hearing and requested for a rescheduled date to meet with the Committee which was granted by the Chairman.
Also in attendance were representatives of regulatory agencies, electricity distribution companies and power generating companies.