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₦128bn Power Scandal Didn’t Happen Under Me — Adelabu Fires Back At SERAP.
According to Nivo News, the Minister of Power, Adebayo Adelabu, has dismissed claims linking him to an alleged ₦128 billion financial scandal in the power sector, stating that the funds in question relate to a period before his appointment into office.....KINDLY READ THE FULL STORY HERE▶
Adelabu reacted on Monday to calls by the Socio-Economic Rights and Accountability Project for an investigation into the Ministry of Power and the Nigerian Bulk Electricity Trading Plc over the reported disappearance of public funds. In a statement issued by his Special Adviser on Media, Bolaji Tunji, the minister described the allegations as speculative and misleading, noting that they were drawn from an audit report covering the 2022 financial year.
The statement clarified that Adelabu assumed office as Minister of Power in August 2023, well after the period referenced in the audit report, stressing that the issues raised had no connection with the operations or financial activities of the ministry under the current administration.
The minister said he had no objection to investigations into legacy matters but insisted that it was inaccurate to associate the alleged infractions with his tenure. He reaffirmed his commitment to transparency, accountability and due process, assuring that his office would cooperate fully with any lawful probe into historical issues within the sector.
Adelabu further emphasized that his professional record across public and private service reflects strict adherence to probity and ethical standards, adding that he remains determined to protect the integrity of his office while focusing on delivering stable and reliable electricity to Nigerians.
The response followed an earlier appeal by SERAP, which urged President Bola Tinubu to direct the Attorney General of the Federation and relevant anti-corruption agencies to investigate the alleged diversion or disappearance of over ₦128 billion from the Ministry of Power and NBET. The group also called for any recovered funds to be used to address Nigeria’s fiscal challenges and reduce the country’s growing debt burden.
SERAP argued that the allegations highlighted long-standing governance lapses in the power sector, maintaining that corruption has continued to undermine electricity supply across the country. The organisation cited portions of the Auditor-General’s report alleging unaccounted funds transferred to major power project accounts, undocumented payments to contractors, unauthorised foreign travel expenses and other financial irregularities within the ministry and NBET.
The development has renewed public debate over accountability in Nigeria’s power sector, which continues to grapple with persistent electricity challenges despite sustained reforms and significant public investment.
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UNIABUJA Honours Odili, Ali, Issa As 17,300 Students Graduate.
Yakubu Gowon University (formerly University of Abuja) has graduated 17,300 students at its combined 29th and 30th convocation ceremonies held on Saturday at the main campus.....KINDLY READ THE FULL STORY HERE▶
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FG Bans Importation Of Paracetamol, Metronidazole And Other Medicines.
The Federal Government has released an updated list of items banned from importation into Nigeria, in a move aimed at protecting local industries and reducing pressure on foreign exchange.....KINDLY READ THE FULL STORY HERE▶
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Momodu Defends Atiku Amid Age Criticism Ahead Of 2027 Presidential Contest.
ADC chieftain and publisher, Dele Momodu, has dismissed calls for former Vice President Atiku Abubakar to withdraw from the 2027 presidential race, describing the push as unfair and politically motivated.....KINDLY READ THE FULL STORY HERE▶
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