Use of Excess Crude Account funds by the Niger Delta Power Holding Company

An ad hoc committee of the House of Representatives held a public hearing on alleged constitutional breaches and other infractions by the Niger Delta Power Holding Company, which had invested over US$30 billion since 2005, more than half of it from the Excess Crude Account belonging to the three tiers of government, according to the Speaker, without submitting its budgets for appropriation or disclosing its revenue. The committee's report has not been made public.