Connect with us

News

EFCC Chairman Dismisses Tinubu’s Power Sector As Corrupt

Published

on

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.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Glo Extends “Borrow Me Credit” Services for Customer Inclusion

Published

on

By

National telecommunications operator, Globacom has extended its “Borrow Me Credit” service in a calculated move meant to guarantee that none of its customers will ever be disconnected because of a low or zero airtime balance.

According to a statement released by Globacom in Lagos, the service’s eligibility requirements have been simplified to offer millions of active prepaid consumers nationwide quick airtime and data solutions. The company made it clear that even though there is a service fee, the main objective is still to provide instant assistance whenever the customer’s balance is low.

The enhanced “Borrow Me Credit” service also allows subscribers to “Borrow Special Data “and additionally “Borrow Airtime/Data for Others”. This allows Glo customers to act as a lifeline for friends and family members who may be out of reach or unable to recharge immediately, further strengthening the bonds of the Glo community through shared connectivity.

“Whether it is an urgent business call, a late-night research project, or staying in touch with loved ones during an emergency, Glo’s “Borrow Me Credit” ensures that a low balance never results in a zero-communication experience,” the company hinted.

The service caters to a wide range of customer needs, with airtime and data denominations available from as low as N25 up to N4,000, ensuring flexible options for different usage requirements.

Globacom added that the structure of the service is designed to ensure higher borrowing limits to customers with stronger usage profile and greater engagement on the network.

By maintaining a consistent presence on the network, prepaid customers unlock various tiers of credit and data, ranging from basic emergency airtime to substantial Data Plans “Borrow Me Credit” ensures that the service is sustainable and provides the most frequent users with higher limits to match their digital lifestyle.

All eligible Glo prepaid customers are encouraged to explore the benefits of the “Borrow Me Credit” service by simply dialing *303# and choosing from the available airtime or data options. Customers can also visit the official Globacom website for more information regarding eligibility criteria and the service charge policy.

Continue Reading

News

Bandits Invade Kwara Community, Abduct Scores, Set Emir’s Palace Ablaze

Published

on

By

Suspected bandits have reportedly invaded the Yashikira community in Baruten Local Government Area of Kwara State, early this morning, setting the Emir’s palace ablaze and abducting several residents, including women and children.

It was gathered that the attack occurred late at night when the heavily armed assailants stormed the community, firing sporadically.

According to sources in the area, the gunmen attacked the palace during the invasion, setting parts of the royal residence on fire before whisking away multiple victims.

Residents said the attackers operated for hours without resistance, leaving behind destruction and fear in the border community.

Another local source described the incident as terrifying, noting that villagers were caught unaware as the gunmen invaded the town under the cover of darkness.

Sources say Security forces have launched immediate rescue operations to free victims of the Yashikira abduction, which occurred on Sunday night.

Military and police operatives have established a cordon in the area as part of the efforts to rescue about 10 persons who were reportedly taken from the community in an overnight attack on the palace of the Emir of Yashikira.

The police are yet to issue an official statement on the incident.

The development comes after bandits on Saturday night invaded a prayer ground at Ori-Oke Ajaiye, on the outskirts of Ikiran village in Ekiti Local Government Area of Kwara State, killing three worshippers and abducting 15 others during a vigil.

Channels TV

Continue Reading

News

Glo Celebrates Oba Adetona’s Legacies at Ojude Oba 2026

Published

on

By

Africa’s biggest corporate supporter of culture, Globacom, is commemorating the life and legacy of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at this year’s Ojude Oba Festival, marking the 21st consecutive year of its sponsorship of the cultural event.

This year’s edition, themed “Ojude Oba 2026: Celebrating the Legacy of Oba Sikiru Adetona,” is taking place at the Festival Pavilion opposite the royal palace in Ijebu Ode, Ogun State.

The celebration pays glowing tribute to the remarkable accomplishments of the late monarch, who transited on Sunday, July 13, 2025, after an illustrious reign spanning 65 years.

The departed monarch ascended the throne on April 2, 1960, and during his reign, the profile and prestige of the Ojude Oba Festival grew tremendously, making it one of Africa’s most celebrated cultural events.

In a statement issued in Lagos, Globacom posited that Oba Adetona’s unwavering dedication to preserving and promoting Ijebu culture, traditions, and values was a major factor behind the company’s continued support for the festival.

According to the company, “This year’s celebration goes beyond our traditional role as sponsor over the past two decades. It is an opportunity to honour the exceptional legacy of the revered monarch, Oba Adetona, whose vision and commitment elevated Ojude Oba to its present status.”

Globacom recalled that the late Awujale played a pivotal role in transforming the festival into a unifying platform that brought together Ijebu sons and daughters from across the world, regardless of religious affiliation.

This inclusive vision and royal leadership, said Glo,  inspired the company to begin sponsoring the festival 21 years ago. Over the years of Globacom’s sponsorship, Ojude Oba has evolved into a globally recognized cultural celebration, attracting thousands of visitors and dignitaries from within and outside Nigeria.

The company reaffirmed its commitment to sustaining its support for the festival as part of its broader objective of showcasing Nigeria’s rich cultural heritage to the world.

Continue Reading

Trending