It was announced at the meeting that the funds would be repatriated within two weeks.
In a statement on Monday, Dr Umar Gwandu, spokesman of the AGF, said issues relating to documentation of funds transfers took a little bit time more than expected due to some documentations.
He explained that the federal government is working tirelessly to ensure the return of looted Nigerian assets kept outside the country.
“Documentations with the banks in different countries often take longer than anticipated. We anticipated two weeks but we are not in control of the banks.
“There is neither complacency nor any delay as efforts are being made to ensure successful transfer of the looted funds,” he said.
Mambilla Power project for value engineering assessment ahead of start â Minister
By Constance Athekame
Abuja, April 29, 2021 President Muhammadu Buhari has directed the Nigerian Sovereign Investment Authority (NSIA) to review the progress made on the Mambilla Hydro Electric Power Project, a statement from the power ministry has said.
The statement by Mr Aaron Artimas, Special Adviser, Media and Communications, to the Minister of Power, in Abuja, on Thursday, said the president also directed NSIA to carry out value engineering of the project in pursuit of optimised implementation and delivery.
Aaron quoted the Minister of Power, Mr Sale Mamman, as saying this when he received the management team of
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Mambilla Power project for value engineering assessment ahead of start Minister
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President Muhammadu Buhari has directed the Nigerian Sovereign Investment Authority (NSIA) to review the progress made on the Mambilla Hydro Electric Power Project, a statement from the power ministry has said.
The statement by Mr Aaron Artimas, Special Adviser, Media and Communications, to the Minister of Power, in Abuja, on Thursday, said the president also directed NSIA to carry out value engineering of the project in pursuit of optimised implementation and delivery.
Aaron quoted the Minister of Power, Mr Sale Mamman, as saying this when he received the management team of China Gezhouba Group International Engineering Company, the Chinese Firm handling the project, led by its Vice President, Mr Yuan Baoy.
•Gas shortage cripples operations of power plants in South-west
Emmanuel Addeh in Abuja
The federal government yesterday attributed the delay in executing the $5.8 billion Mambilla hydroelectric power project, expected to add 3,050 MW to the nation’s electricity output, to court cases being pursued by its former contractor.
Minister of Power, Mr. Sale Mamman, however, said in a statement issued in Abuja that the government was finalising settlement terms leading to an amicable arbitration, so that the project could take off.
Also yesterday, the Managing Director of the Niger Delta Power Holding Company (NDPHC), Mr. Chiedu Ugbo, stated that the gas shortage had crippled the operations of all power plants in the South-west.
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