Obasanjo debunks claims that his administration wasted $16 Billion Power Sector Funds.

Meanwhile, in a reply to queries on what happened to the $16 billion power sector funds under his administration, the former President Olusegun Obasanjo is of the view that those who believed his administration wasted the funds on power project implementation with nothing to show for it lacked proper understanding.

Obasanjo said it was wrong for anybody to reply on what he called “unsubstantiated allegations against him by the then leadership of House of Representatives over the project”.

Before President Muhammadu Buhari vowed yesterday to probe the multi-billion dollar project, he had in May last year, queried where the funds went.

The former President, who responded through his media aide, Kehinde Akinyemi, blamed the query on lack of proper understanding.

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