The Senate has commenced a full scale investigation into transactions in the Mambilla Hydroelectric Power Project from 1999 till date.
The Red Chamber took the decision on Thursday, following a motion moved by the Senator representing Taraba Central Constituency, Senator Manu Haruna, on the urgent need to address the challenges of commencing the project.
The lawmakers noted the failure of successive governments to prioritise the national project, which has the capacity to generate 3,050 megawatts of power, and reposition the Ajaokuta Steel Complex with $1.7billion.
The upper legislative chamber also resolved that in reviving the project, the original idea of 3,000 megawatts capacity be maintained.
Channels Television reports that a number of persons are facing prosecution over the abandoned project, among them a former Minister of Power and Steel, Olu Agunloye.
He is being prosecuted by the Economic and Financial Crimes Commission (EFCC) before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court on seven counts bordering on fraudulent Mambilla Power Project contract award to the tune of $6billion (Six Billion US Dollars).
Also, in May 2023, officers of the anti-graft agency arrested a former Minister of Power, Sale Mamman over alleged N22bn fraud.
Specifically, Mamman was alleged to have conspired with staff of the Ministry in charge of the accounts of the Zungeru and Mambilla Hydroelectric Power projects to divert N22billion to their private pockets.