Tag: Power minister

₦33.8bn fraud: “I recv’d more than ₦22bn from Power Ministry” – BDC Operator 

Aminu Imam
BDC Operator on Power Minister

The trial of former Minister of Power, Saleh Mamman continued yesterday at the Federal High Court, Abuja, presided over by Justice James Omotosho with the Economic and Financial Crimes Commission (EFCC) presenting its 8th witness. The witness, a Bureau de-change (BDC) operator, Abdullahi Suleman, narrated how more than ₦22 billion was allegedly siphoned from the Federal Ministry of Power while Mamman was Minister.  He said the Naira equivalent of the money was exchanged for United States dollars through his  business accounts.  Recall that Mamman is being prosecuted by the EFCC…

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FG to spend ₦8bn on orientating Nigerians on electricity bills payment – Minister

Aminu Imam
Power minister Adelabu

The Federal Ministry of Power is proposing to spend ₦8 billion to orientate Nigerians on prompt payment of electricity bills in 2025. Minister of Power, Adebayo Adelabu, who disclosed this on Monday, while defending the ministry’s budget before the National Assembly joint committee on power, said the advocacy would be done through social, digital and print mediums in order to reach all Nigerians. According to him, “We are a people of over 200 million strength. So we need to go through all the loopholes, through social media, through digital media,…

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‘Nigeria’s power sector needs $10bn investment for 24hr electricity’ – Power Minister 

Aminu Imam
Nigeria's power sector

The Federal Government says it needs $10 billion Public-Private-Partnership (PPP) investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Minister of Power, Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, paid him a courtesy visit. A statement on the visit was made available to newdmen yesterday in Abuja, by the ICRC Acting Head, Media and Publicity, Ifeanyi Nwoko. In the statement, Adelabu said that the government alone, could not afford the $10 billion when…

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Alleged N33bn fraud: Court remands Buhari’s ex-power minister, Mamman in prison

Aminu Imam
Court remands minister Mamman

…Minister faints outside the courtroom Former Minister of Power, Saleh Mamman, yesterday collapsed outside the Federal High Court in Abuja.  Recall that the Economic and Financial Crimes Commission (EFCC) has filed a 12-count charge bordering on money laundering to the tune of N33,804,830,503 against Mamman. Before proceedings, Mamman’s counsel, Femi Ate, informed the presiding judge, James Omotosho, that his client had fainted due to ill health. When hearing resumed, the ex-minister walked into the courtroom and stepped into the dock. However, his clothes were partly drenched. The judge then asked…

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‘Nigerians’ annual spending on fuelling, servicing of generators hits N16.5tr’ – Minister

Aminu Imam
Power Minister

The annual spending by Nigerians on self-generated electricity, particularly fuelling and servicing of generators has hit N16.5 trillion. Minister of Power, Adebayo Adelabu, who declared this to delegates in a speech at the  the on-going Nigeria Oil & Gas (NOG) ‘Energy Week conference’ in Abuja, declared that this figure was a result of a research carried out for the year 2023. Although Adelabu did not give further details on the research, he maintained that the money covered spending on fuelling and service of generators. He advocated up-scaled investments in grid…

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Policy Summersault: ‘Transfer of electricity regulatory oversight to States continues’ – FG  

Aminu Imam
Electricity

The Federal Government has back-tracked on halting the transfer of electricity regulatory oversight to State Governments. Minister of Power, Adebayo Adelabu, revealed the FG’s policy summersault at the two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission, (NERC), in Lagos. The workshop on the implementation of the Electricity Act had in attendance the 36 State Commissioners of Energy and Power. The Minister’s statement comes a few days after he announced plans to halt the transfer of regulatory autonomy to States and conduct a test phase with a few States.…

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Tariff hike: ‘FG still subsidising electricity’ – Adelabu

Aminu Imam
Minister, Adelabu

Minister of Power, Adebayo Adelabu, has said the Federal Government is still paying subsidies on electricity despite the recent hike in tariff for Band-A customers. Speaking in an interview during a television programme  on Thursday, he explained that the Government has about N1.8 trillion to pay in electricity subsidy for 2024. According to him, “The Electricity Act, 2023 made provisions for the review of tariff twice a year”. He added that review of tariff is legal once it is within the exclusive responsibility of the Nigerian Electricity Regulatory Commission, (NERC),…

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Nigerian students demand resignation of Power Minister, Adelabu in 7 days

Aminu Imam
NANS Adelabu

…Threatens protest The National Association of Nigerian Students (NANS) has demanded the immediate resignation of the Minister of Power, Adebayo Adelabu, over the poor electricity situation in the country. NANS further called on other ministers who they claimed are not active to step down from their positions, threatening to organise a protest at the Ministry of Power if their demand was not met within the next seven days. The national student body issued a notice of protest at the Ministry of Power, saying that they stand united in their demand…

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$6bn Mambilla Deal: Abuja High Court remands ex-Power minister in prison

Aminu Imam

A Federal High Court in Nigeria has remanded the country’s former Minister of Power, Olu Agunloye, in prison over his alleged involvement in a $6 billion scandal surrounding the Mambilla hydro-power project. Recall that the Economic and Financial Crimes Commission (EFCC) brought charges against Agunloye, accusing him of fraud, abuse of power, and diversion of public funds related to the project, which has been plagued by delays and corruption allegations for decades. Agunloye appeared before the Federal High Court in Abuja yesterday, and pleaded ‘not guilty’ to the charges read…

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$6bn Hydro-power project: EFCC declares ex-Power minister ‘wanted’

Aminu Imam

The Economic and Financial Crimes Commission (EFCC) has declared former Minister of Power and Steel Development, Olu Agunloye, as ‘wanted’, in connection with an ongoing investigation into the stalled $6 billion Mambilla Hydro-power Project. The Commission, on its verified Facebook page, urged Nigerians who know the whereabouts of Agunloye to report to the nearest police station, or inform the EFCC. It also gave his last known address as No. 20, Sold Boneh Way, Bodija, Ibadan, Oyo State. It urged anyone “with useful information as to his whereabouts” to contact its…

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