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Nigeria seeks $2bn China loan for new ‘super grid’ — Adelabu

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Nigeria is currently in advanced talks with the Export-Import Bank of China for a $2 billion loan to fund the construction of a new “super grid” designed to tackle the country’s persistent power shortages.

According to a Bloomberg report, the Minister of Power, Adebayo Adelabu, disclosed the plan during the Nigerian Economic Summit held in Abuja on Monday, October 6. He explained that the new transmission project forms a central part of the government’s efforts to decentralize power generation and improve electricity supply reliability across industrial and commercial hubs.

Adelabu said the proposed super grid will connect Nigeria’s eastern and western regions, linking areas with high concentrations of industrial users that had previously disconnected from the national grid due to its frequent failures.

“It’s part of plans to decentralise power generation in Nigeria and get the heavy commercial users that left the power grid because of its unreliability to return,” Adelabu stated.

He added that the Federal Executive Council (FEC) has already approved the project’s financing framework, paving the way for negotiations with China’s Exim Bank to proceed.

The minister noted that the new grid is expected to significantly improve transmission efficiency, reduce power losses, and strengthen electricity delivery to manufacturing and industrial zones. Nigeria’s national grid has suffered repeated collapses over the years, often caused by low generation capacity, poor maintenance, and transmission bottlenecks, leaving businesses and households across the country in prolonged darkness.

Adelabu also highlighted the financial improvements in the electricity sector following the recent tariff reforms, which increased rates for urban consumers. According to him, the adjustment led to a 70% rise in industry revenues in 2024, with projections showing a further 41% increase this year to ₦2.4 trillion ($1.6 billion).

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He emphasized that the government’s long-term strategy is to build a reliable, decentralized power infrastructure that can sustain economic growth and restore confidence among industrial power users.

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Public officers are stealing Nigeria’s money every minute – EFCC boss

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says public officers steal funds every minute.

Olukoyede spoke in Abuja on Thursday at the 80th birthday celebration of former Attorney-General of the Federation, Kanu Agabi.

He stated that the anti-graft agency receives over 20,000 corruption petitions every year, describing the scale of the theft detailed in many cases as shocking.

“I receive over 20,000 petitions in a year in respect to public corruption, all terrible. What is going on? Like every minute, public officers take money, and if you go through some of our case files you will weep.

“The way people take national resources and Nigerians are victims of these fraudulent activities. And we must come together for once in our lifetime and say no to the activities of some of our leaders,” Olukoyede said.

The EFCC boss noted that some public officers assume office with less than ₦100,000 in their accounts, but within three years, the agency traces millions of dollars to them.

He added that some individuals acquire hundreds of houses while in office, warning that corruption is crippling the nation.

Olukoyede stressed that public officers must be held accountable for their time in office, emphasizing that transparency must remain the guiding standard in public service.

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VIDEO: Police identify officer in viral video saying Obi can never be President

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The Lagos State Police Command has arrested an officer who appeared in a viral video making inappropriate remarks about Peter Obi and Igbo people while travelling on public transport.

The officer who has been identified as INSP. Osumah Frank, was filmed saying Obi or any Igbo person can never become President of Nigeria.

In a statement released today September 25, the command’s spokesperson, SP Abimbola said the command has commenced appropriate disciplinary action against the officer in line with established regulations of the Nigeria Police Force.

Abimbola stated that the statements made by the officer were made in his personal capacity and do not represent the position, views or official disposition of the Lagos State Police Command or the Nigeria Police Force.

She added that the State Commissioner of Police, CP Tijani Fatai, has reiterated the position of the command that all its personnel are expected to maintain professionalism, civility, discipline and respect for members of the public at all times. She further reaffirmed that wearing the Police uniform comes with a responsibility to uphold the dignity and integrity of the Force, and that the Command will not condone any conduct capable of bringing the Force into disrepute or undermining public confidence in the Police.

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See also  Tears Flow As Lt. Samson Haruna Who Was Allegedly K!lled By His Wife Is Finally Buried
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Court rejects suit seeking fresh police investigation into late singer Mohbad’s death

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The Federal High Court in Abuja has dismissed a suit seeking to compel the Nigeria Police Force to conduct a fresh investigation into the death of Nigerian singer Ilerioluwa Aloba, popularly known as Mohbad.

Justice James Omotosho dismissed the case filed by the Registered Trustees of Break the Silence Foundation in a judgment delivered on Thursday, ruling that the foundation lacked the legal capacity to institute the suit.

The judge also described the application as speculative and lacking sufficient merit, noting that the foundation failed to produce the original police investigation report to support its claim that the earlier investigation was inadequate.

Justice Omotosho further cautioned lawyers handling ongoing cases against discussing matters before the court during media interviews or on social media, describing such conduct as professional misconduct.

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