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Corruption in Tinubu’s Power Sector is Deep, EFCC Chair Alleges
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has alleged that the depth of corruption in the power sector would make anyone weep for Nigeria.
He said: “As we speak, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector, you will shed tears.
“People were awarded contracts to supply electricity equipment. Instead of using what they call 9.0 guage, they will go and buy 5.0.
“Every time you see the thing tripping off, the thing gets burnt, and all of that, it falters and it collapses. It’s part of our problems.”
Olukoyede made the revelation during an oversight visit by the House of Representatives Committee on Financial Crimes to the EFCC’s headquarters in Abuja on Tuesday.
He stressed the importance of collaboration between the Commission and lawmakers to combat financial crimes effectively.
One of the key areas of concern, according to Olukoyede, is the power sector, where corrupt practices have been undermining the country’s infrastructure.
It was at this point that the EFCC boss revealed that some contractors awarded contracts to supply electricity equipment were cutting corners.
He said they were using substandard materials that have contributed to the frequent power outages and system failures.
This, he said, is one of the many examples of how corruption in critical sectors is holding back the country’s development.
Olukoyede also discussed the EFCC’s new strategic focus on asset tracing and recovery, which he credited for the agency’s successes over the past year.
Furthermore, he revealed that “For every N10 recovered, perhaps N30 or N40 Naira may have been stolen.
“If we recover about N440 billion and several billions of dollars in a year, imagine the total amount siphoned from our system. That’s the unfortunate reality.
“Thus, we are focusing on prevention. Over the last year, we have established a new directorate for risk assessment and control.
“To recover 10 Naira, you may spend between 4 and 5 Naira. But to prevent 10 Naira from being stolen, you spend less than 1 Naira, based on our research and experience.
“Prevention is, therefore, the more effective way to combat corruption.
“We need more resources to carry out our mandate effectively. Our staff are underpaid, and we need to improve their welfare.”
Reacting, Ginger Onwusibe, Chairman of the House Committee on Financial Crimes, expressed the committee’s readiness to support the EFCC through legislation and improved budget allocations.
Onwusibe also urged the Commission to enhance its operational capacity and strengthen collaborations with other agencies and development partners to improve accountability and efficiency in the fight against corruption.”
A Federal High Court in Port Harcourt has summoned President Bola Tinubu and Rivers State Administrator, Vice Admiral Ibok-Ete Ibas, over the emergency rule declaration in the oil-rich State.
The summons follows a lawsuit filed by the Incorporated Trustees of Peoples Life Improvement Foundation, alongside individuals Precious Elekima and Inanna Wright Harry, challenging the legality of the emergency rule imposed on the state.
Also listed as defendants in the suit are Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, the National Assembly, Attorney General of the Federation Lateef Fagbemi, the Revenue Mobilisation, Allocation and Fiscal Commission, and the Central Bank of Nigeria (CBN).
President Tinubu, on March 18, 2025, declared a state of emergency in Rivers, suspending both the executive and legislative arms of government and appointing retired naval officer Vice Admiral Ibok-Ete Ibas as administrator.
In suit number FHC/PH/CS/45/2025, the plaintiffs are seeking judicial interpretation on whether the emergency declaration aligns with constitutional provisions, arguing that it is unconstitutional, null, and void.
They contend that it violates Article 13 of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement Act) and Section 305(3)(b) of the Nigerian Constitution, which outlines the conditions under which a state of emergency can be declared.
The plaintiffs have urged the court to restrain the Rivers State Administrator from appointing caretaker committees for the 23 local government councils, forming a state executive council, or making financial transactions from the state treasury.
Additionally, they are seeking an order for the immediate reinstatement of the suspended executive and legislative arms of government in the state.
Meanwhile, the court has given the defendants 30 days to respond to the summons.
The Minister of Police Affairs, Senator Ibrahim Gaidam, has celebrated President Bola Ahmed Tinubu at he clocks 73 years on Saturday.
In a statement the Minister personally signed, and made available to the National Association of Online Security News Publishers (NAOSNP), he noted that Tinubu has guided the nation with steady hands and showed commitment to Democratic ideals since he was sworn in in May 2023..
The Minister further pledged his commitment to the administration’s renewed hope Security agenda, which has seen the ministry made laudable achievements in a very short time.
The statement reads in full:
Congratulations!
I, Senator (Dr.) Ibrahim Gaidam, Honorable Minister of Police Affairs, extend heartfelt congratulations to His Excellency Bola Ahmed Tinubu, GCFR, President and Commander in Chief of the Nigerian Armed Forces, on his 73rd Birthday.
Since taking office as Nigeria’s 16th President on May 29, 2023, you have guided our nation with a steady hand and a commitment to democratic ideals, navigating challenges to envision a prosperous and united Nigeria.
We pledge our unwavering support for your leadership and urge all Nigerians to unite in building a brighter future. Under your guidance, the Ministry has achieved significant milestones, including the establishment of the National Criminal Data Fusion Centre, the Digital National Convict Database, and advancements in community policing and technological resources for the Nigeria Police Force.
We are committed to the President’s Renewed Hope Security Agenda, enhancing safety and security for all citizens. Our collaboration with regional security initiatives, like the West Africa Police Information System (WAPIS), has improved law enforcement’s ability to share critical information across West Africa.
We emphasize accountability, efficiency, and professionalism, ensuring swift responses where no one is above the law. Additionally, we are accelerating inter-agency cooperation through innovative technologies to address security challenges effectively.
Once again, congratulations to His Excellency Bola Ahmed Tinubu on this special day.
Long live the Federal Republic of Nigeria.
Senator Ibrahim Gaidam CON,
Minister of Police Affairs
Glo Foundation, the Corporate Social Responsibility (CSR) arm of Globacom, on Saturday extended its Food Drive Initiative “Giving Back Together” to more communities as thousands of families in Ikota, Ajah, Lagos, received packages of food and household items from the team.
Two Saturdays ago, the foundation was in Bariga where it shared food and other household items to thousands of other vulnerable members of the community.
In a similar vein, Glo Foundation officials and the project partners, the Lagos Food Bank Initiative, last Saturday presented packages containing Rice, Garri, Spaghetti, noodles, tomato paste, tooth brushes, sardines, salt, vegetable oil, bread and seasoning cubes to thousands of beneficiaries, the majority of whom were women, at a ceremony held within the Ikota neighborhood.
Thousands of beneficiaries had assembled at the New Generation Baptist School in Ikota as early as 7 a.m. to await the start of the distribution.
Before the gifts were distributed, Globacom’s Head of Corporate Social Responsibility (CSR), Jumobi Mofe-Damijo, welcomed the recipients and reaffirmed the company’s dedication to aiding the underprivileged in the society. She pointed out that helping the most disadvantaged members of society nationwide was one of the Foundation’s goals.
“Giving brings joy and smiles to the faces of the beneficiaries as we have seen here today. It also makes us happy that we are able to do something to touch the lives of others in a highly interdependent world,” she noted, adding that the Foundation was working on other projects that would impact various segments across the country.
At the occasion, the beneficiaries, who were mostly women, expressed their happiness and gratitude to Globacom by singing and dancing. Some of them who expressed their opinions were happy that they were able to benefit from the gesture and prayed that Globacom would continue to thrive.
The recipients were ecstatic and unable to control their excitement. After getting their food gifts, a few of them spoke up and thanked and prayed for Globacom for showing their community such love and concern.
Christina Itoro, an Akwa Ibom indigene, who operates a POS business within the community, expressed happiness at the content of the package. “When I opened the carton and saw the content, I was so excited. May God bless the company and the staff,” she said.
For Godwin Mary, who sells Kunu drink, Globacom has come to her aid at a time that her business was crumbling. The native of Benue State thanked Globacom for remembering her and other women in the Ikate neighborhood.
On her part, Sarah Oliseh, who is a housewife, said: “I am very happy and so excited getting this from Globacom. It will definitely go a long way to help me and my family”.
