'How $3.4b was deducted from ALGON treasury to fund NIPPs' | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

The House of Representatives, yesterday, heard of how the sum of $3.4 billion was deducted from the treasury of the Association of Local Governments of Nigeria (ALGON) to fund National Integrated power Projects (NIPPs) between 2004 and 2007
Representative of the association’s chairman and Executive Secretary of Legislative Watch, Ngozika Ihuoma, who made the disclosure in Abuja, claimed that the funds were not judiciously deployed.
He spoke while appearing before the Joint Committee on Power, Privatisation and Commercialisation at its one-day investigative public hearing on the planned privatisation of the Niger Delta Power Holding Company (NDPHC) power plants.
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The respondent’s revelations taken under oath were, however, stepped down by the panel chairman, Magaji Aliyu, who explained that the lawmakers got no authorisation from the ALGON chairman, David Agba, for Ihuoma to appear for him.

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