Nigeria, Feb. 6 -- The House of Representatives has subjected the acting Managing Director of Nigerian Bulk Electricity Trading (NBET) Plc, Johnson Akinowo, to intense scrutiny over the spending of N4.099 billion generated as regulatory income during the 2025 fiscal year.

The interrogation took place on Thursday during NBET's appearance before the House Committee on Finance to defend its 2025 budget performance.

Raising concerns, the Committee Chairperson, James Faleke (APC, Lagos), questioned what he described as disproportionately high recurrent spending by the power sector agency.

He drew attention to several expenditure items, including N377.031 million spent on staff welfare out of an approved N377.658 million, and N76.939 million...