News

Things We Discovered In Power Sector Will Make You Cry – Olukoyede, EFCC Chair

Published

11 months ago

November 12, 2024

Editor

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has said the level of corruption in the power sector would make people cry.

He put it this way: “As we speak, 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 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, it falters and it collapses. It’s part of our problems.”

Olukoyede made the revelation during an oversight visit by the House of Representatives Committee on Financial Crimes to the EFCC’s headquarters in Abuja, today.

Furthermore, stressed the importance of collaboration between the Commission and lawmakers to combat financial crimes effectively.

One of the key areas of concern, according to Olukoyede, is the power sector, where corrupt practices have been undermining the country’s infrastructure.

It was at this point the EFCC boss revealed that some contractors awarded contracts to supply electricity equipment were involved in cutting corners.

He said they were using substandard materials that have contributed to the frequent power outages and system failures.

This, he said, is one of the many examples of how corruption in critical sectors is holding back the country’s development.

Olukoyede also discussed the EFCC’s new strategic focus on asset tracing and recovery, which he credited for the agency’s successes over the past year.

Furthermore, he revealed that “For every 10 Naira recovered, perhaps 30 or 40 Naira may have been stolen.

“If we recover about 440 billion Naira and several billions of dollars in a year, imagine the total amount siphoned from our system. That’s the unfortunate reality.

“Thus, we are focusing on prevention. Over the last year, we have established a new directorate for risk assessment and control.

“To recover 10 Naira, you may spend between 4 and 5 Naira. But to prevent 10 Naira from being stolen, you spend less than 1 Naira, based on our research and experience.

“Prevention is, therefore, the more effective way to combat corruption.

“We need more resources to carry out our mandate effectively. Our staff are underpaid, and we need to improve their welfare.”

Reacting, Ginger Onwusibe, Chairman of the House Committee on Financial Crimes, expressed the committee’s readiness to support the EFCC through legislation and improved budget allocations.

Onwusibe also urged the Commission to enhance its operational capacity and strengthen collaborations with other agencies and development partners to improve accountability and efficiency in the fight against corruption.”

News

Navy Opens Recruitment For Basic Training School Batch 38

Published

10 hours ago

September 26, 2025

Editor

The Nigerian Navy has opened applications for its Basic Training School (BTS) Batch 38 recruitment exercise, scheduled to run from October 2 to October 31, 2025.

According to an official statement, the recruitment process is free, and interested applicants must submit their applications online at https://www.joinnigeriannavy.navy.mil.ng/https://www.joinnigeriannavy.navy.mil.ng.

Successful candidates will undergo basic military training before being officially enlisted as Ordinary Seamen.

The Navy stressed that eligibility is restricted to Nigerian citizens by birth with a valid National Identification Number (NIN). Applicants must have no criminal record and must not be affiliated with secret societies, cults, or fraternities.

Educational and age requirements were clearly outlined. Candidates applying with O’level results must be between 18 and 22 years old as of December 31, 2025.

Those with OND/NCE qualifications must be aged 18 to 26, while Chaplain/Imam Assistants and Drivers/Mechanics must fall within the 18 to 28 age bracket.

In all cases, applicants are required to have at least five credits, including English Language and Mathematics, obtained in not more than two sittings in WAEC, NECO, GCE, or NABTEB, with certificates not older than 2015.

The Navy added that special professions, such as Medical Assistants and Nurses, require proof of registration with relevant professional bodies.

Applicants for technical trades including tailoring, plumbing, carpentry, welding, and electrical works must present valid Trade Test certificates in addition to academic qualifications.

Similarly, candidates applying as sportsmen and women are expected to provide certificates and medals as evidence of their sporting achievements.

The recruitment examination is scheduled for November 29, 2025, at designated centers nationwide.

Candidates are required to bring their Attestation Form, duly signed with a passport photograph of the signer, along with valid identification such as a Driver’s License, International Passport, or National ID Card.

Applicants have been cautioned against multiple applications, which will lead to disqualification.

The Navy further advised candidates to seek clarification only through official communication channels provided on the recruitment portal.

News

BREAKING: Gov Fubara Dissolves Rivers Pension Board

Published

11 hours ago

September 26, 2025

Editor

Governor Siminalayi Fubara of Rivers State has dissolved the State Pensions Board with immediate effect.

Rivers State Head of Service Mrs Inyingi Brown made this announcement on Friday in Port Harcourt.

According to the governor, the office of the State Accountant General will handle the functions of the board until a new one is constituted.

News

FAAN Launches Cashless Payment System Across Airports

Published

12 hours ago

September 26, 2025

Editor

The Federal Airports Authority of Nigeria (FAAN) has launched the cashless system of payment across all airports.

“FAAN in partnership with Paystack, is proud to announce the roll out of OPERATION GO CASHLESS, a cashless contactless payment solution across all airports beginning with Murtala Muhammed International Airport, Lagos, and Nnamdi Azikiwe International Airport, Abuja,” the agency said in a communique on Thursday.

Effective September 29, 2025, all payments at FAAN’s revenue points, including airport Access Gates, Car Parks, FAAN VIP and Protocol Lounges will go cashless which means the agency will be phasing out the collection of cash at these points.

FAAN added that travelers and airport users will now enjoy fast and seamless services by using a secure contactless payment option.

This initiative, it stated, is a response to the growing demand for safe, modern, and transparent payment systems while ensuring Nigeria’s airports remain aligned with global digital trends.

By reducing reliance on cash, FAAN said it aims to enhance efficiency, improve revenue assurance, and deliver a better customer experience at our airports.

To ease the transition, trained brand ambassadors have been deployed at access gates and around the terminals to guide users, assist with onboarding, provide demonstrations, and answer questions they may have.

In addition, passengers have been directed to obtain a FAAN Go Cashless Card at any airport access gate in Lagos and Abuja.

After collection, users are encouraged to activate and fund their cards immediately by visiting www.gocashless. faan.gov.ng.

FAAN added that it remains committed to continuous improvement and will expand this cashless policy to other airports nationwide in phases.

For inquiries, airport users have also been advised to contact FAAN’s support line at 0700 CBS FAAN (0700 227 3226) or email the agency at gocashlesssupport@faan.gov.ng.