SETTING THE RECORDS STRAIGHT ON CITIZEN ASAR MICHAEL SESUGH'S DEATH. (PHOTO).#PRESS RELEASE.

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 Setting the Records Straight on  Citizen Asar Michael Sesugh's  Death The Economic and Financial Crimes Commission,  EFCC,  considered it imperative to clear the air on some recent incidents at its Makurdi Zonal Directorate,  Benue State.   Operatives of the Directorate arrested 26 suspected cyber fraudsters on April 28,  2026.  They were profiled and kept in custody for further investigations after obtaining a Remand Order at a Magistrate Court.  Shortly after their arrest,  specifically on May 4,  2026,  three of the suspects sought permission to use the lavatory at the Directorate's  Holding Facility and were permitted.   They cashed in on the opportunity,  broke the toilet's roof and escaped from detention.  Several efforts were made to re- arrest them to no avail. However,  fresh intelligence came on Thursday,  May 21,  2026 that one of the escaped suspects,   As...
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PRESIDENT TINUBU APPROVES N3.3 TRILLION PAYMENT PLAN TO RESTORE RELIABLE ELECTRICITY. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU APPROVES N3.3 TRILLION PAYMENT PLAN TO RESTORE RELIABLE ELECTRICITY 


President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme. 


The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade.


The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution.


Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway.


What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.


And as the sector stabilises, more investment, more jobs, and better service will follow. 


“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably," explained Olu Arowolo-Verheijen, Special Adviser on Energy to President Tinubu.


“It is part of a broader set of reforms already underway — including better metering and service-based tariffs that link what you pay to the quality of electricity you receive.


“The government is also prioritising power supply to businesses, industries, and small enterprises — because reliable electricity is critical to creating jobs, supporting livelihoods, and growing the economy.


“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians," she added.


President Tinubu has commended all stakeholders who supported efforts to resolve the legacy issues in the power sector. He has also confirmed that the next phase (Series II) will begin this quarter.


Bayo Onanuga 

Special Adviser to the President 


(Information and Strategy)


April 5, 2026 ‎

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