The Federal Government and labour agreed yesterday that the power sector was illegally privatised but they differed on how to redress the “illegality.”
Labour leaders are demanding for the cancellation of the sale and reversal of 45 percent increase in tariff effected in February.
However, the government said though it agreed the deal was fraudulent there were legal issues that might make it impossible to reverse the sale.
Speaking at a Senate public hearing on the electricity tariff yesterday, Minister of Power, Works and Housing, Babatunde Fashola, said government’s interests were illegitimately sold to some private businesses.
