The minister inaugurated the probe panel at the Federal Ministry of Power headquarters in Abuja.
It has former Auditor-General of the Federation, Mr Joseph Ajiboye, as chairman and Dr. Samuel J. Agbogun, managing director and chief executive officer, Nigeria Electricity Liability Management Limited, as secretary.
Members include Mr Vesley A. Zafi, Director, Pensions, Office of the Head of
Civil Service of the Federation; Alhaji Babayo Shehu, Director, Funds, Office of Accountant-General of the Federation and Abbo Mamman, Assistant General Manager, at PENCOM.
Other members are John O. Chukwu; Director of Procurement, Federal Ministry of Works, Nicholas O. Agbo, Labour Adviser & Special Assistant to the Minister of Power, and Mrs. Adetutu A. Shoetan, Legal Adviser, Federal Ministry of Power.
The terms of reference for the panel include investigating the status of pension in the power sector vis-à-vis the pension laws, identify officers involved in any misconduct, review the report of Agary Committee on Pension
Matters and recommend measures to avert future occurrence; and sanctions against culprits.