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    EFCC reveals reason for incessant national grid collapse in Nigeria

    Opalim LiftedBy Opalim LiftedNovember 13, 2024No Comments2 Mins Read
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    The Economic and Financial Crimes Commission (EFCC) has blamed corruption by contractors in Nigeria’s power sector for the incessant national grid collapse.

    Ola Olukoyede, the Chairman of the EFCC, disclosed this at the commission’s headquarters, Abuja, on Tuesday when members of the House Committee on Anti-Corruption and Financial Crimes visited him.

    According to him, the level of corruption in the Nigerian electricity supply industry is capable of illuminating tears.

    Chronicle NG reported that the national grid collapsed twice last week, throwing the country into darkness.

    In 2024 alone, the National Grid collapsed at least twelve times.

    • Why the national grid collapse may persist – TCN

    The anti-graft boss responded by claiming that contractors in the power sector were buying inferior materials to fulfill their contracts, which was the cause of the frequent grid collapses.

    EFCC says human traffickers, money launderers operate together Ola Olukoyede
    EFCC chairman, Ola Olukoyede

    “As I am talking to you now, 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 who 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 falters, and it collapses. It’s part of our problems.”

    Meanwhile, the transmission company, in several statements, blamed vandalism and insecurity for the frequent grid collapses.

    Similarly, the Minister of Power, Adebayo Adelabu, blamed insecurity and obsolete transmission infrastructure for the country’s national grid collapse.

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    Sanwo-Olu The Lagos State Internal Revenue Service has declared that it will use third-party agents to collect unpaid taxes from defaulting taxpayers, including banks, employers, debtors, tenants, and business partners.

    Lagos: Sanwo-Olu approves N50,000 wage award for workers

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