ALLEGED N8.7B FRAUD: MALAMI’S BANKERS FILED SUSPICIOUS REPORTS ON HIS TRANSACTIONS-WITNESS. (PHOTO). #PRESS RELEASE.

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Alleged N8.7b Fraud: Malami’s Bankers Filed Suspicious Reports on his Transactions-Witness The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of his transactions. The Economic and Financial Crimes Commission, EFCC, is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on amended 16-count charge, bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities to the tune of N8,713,923,759.49 (Eight Billion, Seven Hundred and Thirteen Million, Nine Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Nine Naira, Forty-Nine Kobo), contrary to the provisions of the Money Laundering (Prevention and Pro...
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ADELABU INVITES TCN, NERC OVER GRID COLLAPSE. (PHOTO).

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 Adelabu invites TCN, NERC over grid collapse


Worried by the disturbance on the national grid which threw some sections of the country into darkness twice within the week,  Minister of Power, Chief Adebayo Adelabu at the weekend summoned the leadership of  the Nigeria Electricity Regulatory Commission (NERC) and the Transmission company of Nigeria (TCN) to an emergency meeting.  

The Minister expressed displeasure over the incident, which he said, was capable of rubbishing the giant strides made in the last one year which has led to an increased generation and distribution of 5, 527 megawatts, a record generation in three years.

This was contained in a statement by his Special Adviser, Strategic Communication and Media Relations, Bolaji Tunji, from Abuja on Tuesday.

The statement said Adelabu also constituted a forensic investigation committee  with a mandate to advise the government on necessary solutions to make the national grid robust and reliable in addition to the ongoing efforts of the government like the Presidential Power Initiatives (PPI) and the Nigeria Electricity Transmission Project (NETAP).

The Committee is to also establish the root cause of both incidents especially a review of potential sabotage on the system. 

The Committee will holistically review the national grid stability and identify investments and technical capacities required to make the grid smart and resilient.

A technical team has also been deployed to access the critical nodes on the national grid to identify potential vulnerabilities and proffer recommendations to address these vulnerabilities to prevent future disruptions to the  grid.

The six-member committee consists of ; Engr. Nafisat Ali, Executive Director, Independent System Operator (ISO), who leads the committee, Dr. Chidi Ike, Commissioner, NERC, Engr. Ishola (GM. National Control Centre (NCC) , Engr. Emmanuel Nosike, Director,  Transmission, Federal Ministry of Power (FMoP),   Engr. Ali Sharifai (GM, Transmission Service Provider (TSP) and Mr. Adedayo Olowoniyi, Chief Technical Adviser to the Minister of Power. 

The team is expected to present a report to the Minister by November 1,  2024.

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