news
How OBJ, Yar’Adua, Jonathan spent N2.74 trillion on power sector
IT emerged on Tuesday that Nigeria has spent the sum of N2.740 trillion on the power sector in the last 16 years.
While the Permanent Secretary, Ministry of Power, Ambassador Godknows Igali, had told the Senate ad hoc committee investigating the power sector that the Ministry of Power spent the sum of N948 billion since 1999, the Managing Director, Niger Delta Power Holding company (NDPHC), Mr James Olotu, also said that the National Independent Power Project (NIPP) activities funded from the Excess Crude Account had gulped $8.23 billon (about N1.640 trillion).
Igali also told the Senate committee that former military heads of state, who administrated the country from 1983 to 1999, failed to recruit engineers for the power sector throughout the period.
The committee, headed by Senator Abubakar Kyari, was inaugurated two weeks ago by the Senate President, Dr Bukola Saraki, who charged members to probe into the sources of darkness in the country.
Igali told the committee that though the sum of N1.6 trillion was appropriated to the Ministry of Power within the period, the sum of N948 billion was eventually released.
He also stated that the sum of N155 billion was released to the ministry to cushion the effects of the shortfalls in expenditure for the sector between 2009 and 2013.
Speaking at the hearing, Igali said that out of 79 power generation units existing at the time, only 19 were functioning, adding that no new power plant was built between 1991 and 1999.
He stated that former president, Chief Olusegun Obasanjo, brought life to the power sector, as the sector had largely depreciated with no new engineers when democracy returned in 1999.
Despite the effort at investment by government, we have not been able to invest in a consistent manner in the power sector.
“Investment from government and the private sector must go up gradually but consistently, as flunctuation will not help in our economic development.
“I do know that despite government’s effort at funding power sector, the nation continues to experience epileptic power supply, however, it takes time to stabilise,” he said.
According to the permanent secretary, power generation stood at 1,750 megawatt in 1999 when Obasanjo took over.
He gave the breakdown of the appropriated funds released to the ministry from 1999, saying that in 1999, N11,205,842,051 was appropriated, but N6,697,964,119 released; in 2000, N59,064,381,817 was appropriated, N49,784,641,521 released; in 2001, N103,397,000,000 was appropriated, with N70,927,000,000 released; in 2002, N54,647,252,061 was appropriated, N41,196,117,172 released; in 2003, N55,583,099,000 was appropriated and N5,207,500,000 was released.
He continued that in 2004, N54,647,252,061 was appropriated, N54,647,252,061 was released; in 2005, N90,282,833,404 was appropriated, N71,888,606,274 released; in 2006, N74,308,240,085 was appropriated, N74.3 billion released; in 2007, N100 billion was appropriated, N99.8 billion released; in 2008, N156 billion appropriated, N112 billion released and in 2009, N89.5 billion was appropriated, with N87 billion released.
He added that in 2010, N172 billion was appropriated and N70 billion released; in 2011, N125 billion was appropriated, N61 billion released; in 2012, N197.9 billion was appropriated and N53.5 billion released; in 2013, N146 billion was appropriated and N49 billion released; in 2014, N69.8 billion was appropriated and N48 billion was released, while in 2015, N5,240,000,000 was appropriated, with no money released.
He also gave a breakdown of the N155 billion intervention fund released to the ministry, adding that the ministry got a total sum of N30.8 billion in 2009, N43.2 billion in 2010, N37.0 billion in 2011; N11.5 billion in 2012 and the sum of N32.6 billion in 2013.
He told the committee that the nation was experiencing increased power generation as the pipeline vandals had stemmed their activities.
According to him, Nigeria’s electricity generation had risen to 4,600 megawatts from 3,500 megawatts in 2013.
He disclosed that the rise in generation capacity was due to the reduction in the degree of vandalism of power pipelines.
The Permanent Secretary also stated that only 2,000 former workers of the defunct Power Holding Company of Nigeria (PHCN) were yet to be paid their severance allowance, as, according to him, many of those who claimed to have worked with the National Electric Power Authority (NEPA) had no valid documents to prove their claims.
He also said the Bureau of Public Enterprises (BPE) used the proceeds of privatisation of the sector to settle claims of over 46,000 workers through the office of the Accountant General of the Federation and Pension Commission.
The committee, however, expressed worry over the failure of the government to ensure that the local governments were represented on the board of NIPP, though the councils were also part of the sponsors of the project.
The committee also asked the permanent secretary to submit the detailed audit report of the ministry, to allow it tidy some of the inconsistencies in submissions.
While inaugurating the committee two weeks ago, Senator Saraki had mandated it to get to the roots of the persistent blackouts in the country, despite huge financial commitments to the power sector.
Committee of the chairman, Senator Kyari, had also assured the Senate that the task would be taken seriously, adding that the committee would interact with all stakeholders to determine the cause of the nation’s electricity woes.
“A close look at the entire power value chain (generation, transmission and distribution) calls for review of our policies, in order to obtain optimum performances across the board.
“The abysmal performance of the generation segment is no longer news, in view of the current deteriorating power supply which hovers around 4,600 megawatts for a population of over 170 million people, despite the huge resources committed into it.
“This compared with our contemporaries is highly regrettable. No wonder so many companies have relocated from the shores of this nation, due to increasing cost of production.
“The issue of turn-around maintenance, gas pipeline vandalism, just to mention but a few, are some of the teething problems bedeviling the sector. We must address it now in order to stem this destructive tide. The committee will beam its searchlight in this direction to put things in proper perspectives.
“Having realised that the transmission segment is the major linkage between the generation and distribution fronts, increasing our capacity in this direction is also very necessary, since power produced must be utilised immediately.
“Deteriorating infrastructure in this segment must be addressed forthwith. The committee attaches great importance to this and would work assiduously in ensuring that all these leakages or slippages in this area are brought to the front burner and dealt with,” the committee chairman had said.
Tribune
news
Ogun Central 2027: The Competence Question and APC’s Senatorial Choice
LAs the 2027 elections draw closer in Ogun State, discussions about who should represent Ogun Central in the Senate are gradually gaining momentum. Across Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo, and Ewekoro, the mood among the people appears largely the same. The people have made their preference clear. Not in anger or protest but in the quiet and wilful way that voters do when they still believe you can do better. The unifying thing in the people’s agitation is the call for credible, competent, and accessible representation.
This is not a new demand from the people of the district. The demand for a paradigm shift has been growing in recent times. Residents across the district are showing a preference for leaders who can demonstrate measurable capacity in healthcare, infrastructure, education, youth empowerment and constituency development. The calls for palpable development, responsive engagement, and effective legislative outcomes have become too obvious to dismiss.
We can all recall that in the last elections in 2023, the All Progressives Congress rallied behind Senator Shuaibu Salisu with considerable optimism. Party leaders and stakeholders presented his candidacy to the people as the strongest path to meaningful progress for the district. That mandate carried real expectations, and it is fair to say that, in several communities, those expectations have not been fully met.
Concerns have been raised across town hall meetings, community forums, and on social media about the speed of infrastructural projects, the reach of scholarship and empowerment programmes, and the overall visibility of senatorial intervention in major sectors. Whether one attributes these gaps to constraints of the Senate’s systems or individual legislative capacity, the perception of underdelivery is widespread enough to warrant serious attention from party leaders.
For now, this dissatisfaction has not translated into rejection of the APC. Instead, it has taken the form of an expectation to do better next time. Voters in Ogun Central are not asking for a fundamental change in the party structure or traditions. They are asking for the incorporation of wider grassroots inputs and candidates’ worthiness in the process.
This presents both a challenge and an opportunity. The challenge is that the culture of selecting candidates through elite consensus without genuine grassroots consultation is a risk that may worsen the growing disconnect between elected representatives and the communities they serve. Political observers across the nation have questioned this practice repeatedly, and Ogun Central may be feeling its effects most.
The opportunity lies in what the APC does with this feedback. The party’s senatorial selection is not a formality to be managed. It places a decisive moment for public trust at the feet of the party leaders. It is also an opportunity to reposition the district for future outcomes. That means looking beyond the financially powerful or politically connected aspirants and instead evaluating candidates on measurable criteria like competence, work experience, community engagement, and constituency presence.
There is also a broader shift worth noting. The era in which financial muscle alone could determine electoral outcomes is visibly passing. Many voters across southwestern Nigeria, especially our people, are increasingly attentive to antecedents, accountability, and impact. They want representatives who can speak with authority in the Red Chamber, secure federal projects, and translate legislative work into visible improvement in their daily lives.
None of these is to suggest that Senator Salisu’s tenure should be written off. A single term in the Senate, particularly within Nigeria’s complex federal system, does not allow for a complete verdict. But it is sufficient for the electorate to form impressions, and those impressions should shape how the APC approaches 2027.
The path forward does not require the party to bring down the house. It only requires discipline. The leaders of Ogun Central APC would do well to begin inclusive consultations with stakeholders, community leaders, youth groups, women’s organisations, and ordinary party members so that the candidate who eventually emerges carries not just the party’s endorsement but also the people’s confidence.
The 2027 senatorial election will be more than a contest. It will be a test of whether the APC in Ogun State can translate its dominance at the polls into dominance in governance. The people of Ogun Central are watching, and their expectations are high. The party’s consideration or dismissal of the concerns raised above will influence public confidence in Ogun State.
news
Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of Intermediate Investment Holdings Boss, Ufoma Joseph Immanuel in Lagos
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 7, 2026, dismissed the preliminary objections and bail application filed by the boss of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned Immanuel, alongside his company, Intermediate Investment Holdings Ltd., on a two-count charge bordering on obtaining by false pretence and forgery to the tune of $1.5m.
Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: “Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited” on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation you knew to be false.”
Count two reads: “UFOMA JOSEPH IMMANUEL, sometime between April 2022 and April 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, forged a document to wit: TERM SHEET and purporting same to have been executed by Sherrif Oluwo and Olaniran Osotuyi in order to facilitate your obtaining money by inducement from Adebisi Adebutu of R28 Holdings Limited.”
The defendant pleaded “not guilty” to the charge preferred against him.
Following the defendant’s “not guilty” plea, the prosecution counsel, Babatunde Sonoiki, asked the court to fix a date for the commencement of trial and also prayed the court to remand the defendant in the custody of the International Criminal Police Organization, INTERPOL, pending the conclusion of its investigation.
Sonoiki also narrated how the defence counsel, Oluseun Awonuga, SAN, had physically assaulted his colleague, Emenike Mgbemele, at the sitting on March 2, 2026.
According to him, “My lord, the learned silk, physically assaulted my colleague on the staircase on his way to serve the defendant the charge as directed by the court.
“There is a video to that effect and we intend to tender it before the court.”
Though Awonuga did not respond to the allegation made against him by the prosecution counsel, he informed the court of a preliminary objection and a written address dated January 5, 2026, while urging the court to discountenance the counter-affidavit of the prosecution.
The prosecution, in a 21-paragraph counter-affidavit dated February 9, 2026, had urged the court to dismiss the notice of preliminary objections.
According to Awonuga, the Federal High Court, in a ruling, had ordered the EFCC not to arrest the defendant.
“EFCC has flouted the order by arresting the defendant and I hereby urge your lordship to discountenance their counter- affidavit,” he said.
Responding, the prosecution counsel, Babatunde Sonoiki, said that the ruling was part of the motion that had earlier been withdrawn by the defence and should not be before the court.
“ There is nowhere in the ruling that says the defendants cannot be arraigned in a court of competent jurisdiction.
“My lord, the ruling was delivered in a civil case; and according to the Supreme Court, a criminal case and civil case can go on at the same time.
“We urge the court to dismiss the application and order accelerated hearing in this case,” Sonoiki had said.
After listening to both parties, Justice Dada had, consequently, adjourned the case till May 7, 2026 ( today) for ruling.
Ruling on the application , Justice Dada held that: “The preliminary objection is baseless and the entire application is lacking in merit; and it is hereby dismissed.”
Also, Justice Dada, in her ruling on the bail application of the defendant, held that “On the basis of considering the antecedent of the defendant for not honouring the invitation of the applicant after he was granted administrative bail, I agree with the complainant that he is a flight risk; therefore, bail is refused.”
Justice Dada adjourned the case till June 24, 26, 29 and 30, 2026 for the commencement of trial.
news
Ogun Central APC Race: ‘I Remain in the Contest’ — Sofela Declares Amid Consensus Speculation
By Solanke Ayomideji Taiwo
ABEOKUTA — A frontline aspirant for the Ogun Central Senatorial seat under the platform of the All Progressives Congress (APC), Emmanuel Adebola Sofela, popularly known as Shoffi, has dismissed widespread speculations that he has withdrawn from the race in favour of another aspirant .
Sofela described the reports making rounds in some political circles as “false, misleading and the handiwork of political detractors,” insisting that he remains fully committed to his ambition of representing Ogun Central Senatorial District at the National Assembly.
In a statement made available to journalists on Friday, the APC stalwart urged his supporters, political associates and loyalists across the six local government areas that make up Ogun Central to disregard the rumours and remain resolute in their support for his aspiration.
According to him, there has never been any agreement or arrangement for him to step down for any aspirant to emerge as a consensus candidate of the party.
“I want to categorically state that I have not stepped down for anyone in the Ogun Central Senatorial race. The rumours flying around are entirely false and should be ignored by all my supporters and members of the public,” he said.
Sofela expressed confidence in his chances of securing the APC ticket, stressing that his popularity, political experience and grassroots connection across the district place him in a strong position ahead of the party primaries.
The senatorial hopeful reiterated his determination to provide quality representation for the people of Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro local government areas if elected into the Senate in 2027.
He noted that his aspiration is driven by a genuine desire to contribute meaningfully to the development of Ogun Central through effective legislation, empowerment programmes and people-oriented policies.
“My ambition is rooted in service to the people. I remain committed to the vision of giving Ogun Central a strong voice in the Senate and facilitating developmental initiatives that will positively impact our people,” Sofela added.
The APC chieftain further appealed to party members to remain united and avoid distractions capable of causing division within the party structure ahead of future political activities.
Political observers in the state believe the race for Ogun Central Senatorial seat is gradually gathering momentum as aspirants continue consultations and grassroots mobilization across the district ahead of the 2027 election cycle.
-
news5 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society1 week agoSOCIAL MEDIA IS NOT A BATTLEFIELD COMMAND – WHY THE NIGERIAN ARMY’S ACTION AGAINST JUSTICE CRACK IS A NATIONAL SECURITY IMPERATIVE
-
celebrity radar - gossips4 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026
-
celebrity radar - gossips5 months agoProphet Kingsley Aitafo Releases 2026 Prophecy: ‘Nigeria Will Rise, but the World Must Prepare for Turbulence’



You must be logged in to post a comment Login
You must log in to post a comment.