The Nigeria Customs Service has commenced the release of 248 containers of power equipment imported by the defunct Power Holding Company of Nigeria (PHCN) and abandoned for 11 years at the ports in Lagos and Onne in Rivers State.
This is coming as the Federal Government has promised to launch an investigation to unravel the circumstances surrounding the long years of delay of the 248 imported containers of power equipment at the ports.
The first set of the equipment worth several billions of naira was imported in 2003 for power projects in about 12 states in the country but were left at the ports, thereby stalling all the affected projects, and effectively raising concern on the commitment of the government and other stakeholders in the power sector.
Speaking yesterday at the flag-off of the release of 151 out of the 248 containers by the Nigeria Customs Service, the Minister of Power, Prof. Chinedu Nebo noted that power projects, which should have been delivered a decade ago were stalled on account of the overstay of the imported containers at the ports for a period ranging from seven to 11 years.