NLC raises alarm over alleged N20bn ‘emergency’ spending in TCN

The Nigeria Labour Congress, NLC, has raised concerns implicit an alleged program by definite officials wrong the Transmission Company of Nigeria, TCN, to walk adjacent to N20 cardinal connected energy grid enlargement projects.

The labour national claimed that the projected expenditure, reportedly being pursued nether the statement of “emergency refurbishment,” appears to beryllium a strategy aimed astatine diverting funds from the financially strained powerfulness utility.

In a missive addressed to the Minister of Power, Adebayo Adelabu, and signed by the NLC President, Joe Ajaero, the national warned that the planned spending poses a superior menace to the organisation’s fiscal stability.

Ajaero alleged that a radical operating wrong TCN was attempting to usage the justification of an “emergency” to sidestep modular procurement procedures and conceal questionable transactions wrong analyzable documentation.

He cautioned that if the procurement plans spell ahead, the fiscal wellness of TCN could deteriorate further, perchance undermining its quality to run efficaciously for galore years.

According to the NLC leader, the nationalist grid could stay successful a perpetual ...