Minister of Power, Prof. Bart Nnaji, on Tuesday resigned from office amid controversies and allegations of conflict of interest in the privatisation process.
Besides being at loggerheads with Power Holding Company of Nigeria's workers on sundry issues, he was said to have interests in two firms that submitted bids for the Afam Power Plc and the Enugu Electricity Distribution Company Plc.
The PUNCH learnt on Tuesday that Nnaji must have been pressured into resigning from the Federal Executive Council by the Presidency because of fears that the issue of conflict of interest could damage the credibility of the privatisation process, which has local and foreign investors as bidders.
The privatisation of 17 electricity firms is scheduled to be concluded in two months' time.
Meanwhile, President Goodluck Jonathan said he had accepted the resignation.
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