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Minister of power inaugurates 5 projects under Presidential Power Initiative

The Minister of Power, Chief Adebayo Adelabu, has inaugurated five projects, located in Okene, Kogi state, Amukpe, Delta state, Potiskum, Yobe state, Apo in Abuja, and Ihovbor, Edo state, under the phase one of the Presidential Power Initiative (PPI).
The phase one of the PPI is targeted at increasing Nigeria’s wheeling capacity by 272 megawatts, thus culminating in a more robust delivery of electricity to consumers across the nation.
Speaking at the commissioning of the 60MVA power transformer , Adelabu, said: “Concurrently, we are remotely inaugurating four additional sites, namely Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja, and Ihvobor in Edo state.
“This is why we commend the strides that have been made by the FGN Power Company under the Presidential Power Initiative. In particular, the partnership that has been forged with the German government and Siemens Energy which led to the production and installation of these world-class equipment we are commissioning today.
“PPI, I must note, is a strategic and systematic approach to solving Nigeria’s perennial problems of unreliable and inadequate electricity supply. I am delighted that with the German Government’s partnership with the Federal Government of Nigeria on the execution of the PPI, we will be able to deliver reliable power supply to the entire country. Mr. President has mandated that we accelerate our Agreement with Siemens Energy, and we are currently finalizing the scope of that work with all stakeholders.”
Similarly, the Managing director/CEO, FGN Power Company, Mr. Kenny Anuwe, said: “Today marks yet another historic day in the journey of our beloved country, Nigeria and the Presidential Power Initiative (PPI). The inauguration of four other sites, which include Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja and Ihovbor in Edo State, will collectively boost the transmission wheeling capacity by 272MW for onward delivery to electricity consumers. These signify a pivotal step forward in the revitalization of the power sector, serving as a masterstroke that will profoundly impact our industrial, social, and commercial life as a nation.
“The PPI has embarked on a noteworthy initiative by deploying Ten (10) Power Transformers and Ten (10) Mobile Substations across Nigeria. This strategic move will augment the transmission wheeling capacity, a pivotal component of the current administration’s concerted efforts to expeditiously deliver enhanced power supply. Importantly, the deployment of these devices underscores our steadfast dedication to advancing improved electricity access for the people of Nigeria.
“Let me at this point express my profound gratitude to the President and Commander-in-Chief of the Nigerian Armed Forces, His Excellency, Ashiwaju Bola Ahmed Tinubu, for his single-minded determination to continue the pursuit of improved power supply for Nigerians, as initiated by his predecessor, former President Muhammadu Buhari.
“I extend my gratitude to the Honourable Minister of Power for your exemplary leadership and dedication to fulfilling the mandate of the PPI. Special thanks are also due to the former Governor of Kogi state, Yahaya Bello and the incumbent Governor of the State His Excellency, Ahmed Usman Ododo for your invaluable support during the project implementation in Okene, which has made the commissioning of this project a reality.
“We acknowledge the importance of improved power supply towards the attainment of the present administration’s Renewed Hope agenda and assure Mr. President of our determination to provide all necessary leverage towards the attainment of his administration’s national objective.”
He said: “When, on August 31, 2018, the Federal Government of Nigeria established the Presidential Power Initiative (PPI), the underlying objective was to coordinate the partnerships and secure financing for the project that would improve the country’s power transmission, distribution, and generation capacity for the benefit of Nigerian households and businesses.
“Through hard work and driven by an immeasurable sense of patriotism, the Nigerian government was able to reach an agreement with the German government, resulting in Siemens Energy’s emergence as the implementation partner to deliver on PPI’s mandate to modernize and revamp infastuctures in the power sector .
“Partnering with the German Government, Siemens A.G and Siemens Energy, we were able to set for ourselves and our dear country Nigeria, the ambitious task of boosting power supply from an estimated 4,000 megawatts to 25,000 megawatts.
“We are aware of the country’s economic and social potentials and needs. Therefore, FGN Power Company, through the PPI, has laid plans for an even distribution of power infrastructure across all the geopolitical and potential economic power zones of the country.
“This is why this commissioning of the power transformer in Okene, Kogi State is important. We strongly believe that with improved power supply in Kogi State as well as in other parts of North Central Nigeria, investments in agriculture and food processing will begin to spiral, and with that, there will be spontaneous personal, regional, and national economic growth.”
He added: “This administration is setting the course towards economic development, and access to energy is the foundation for job creation and economic growth. I am happy to announce that with our partnership with Siemens Energy, we have been able to create more jobs while also delivering capacity building in the area of power sector engineering for Nigerian engineers.”
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NDLEA nabs bandits supplier with drugs concealed in private part(Photos)

… intercepts cocaine in Saudi-bound religious books,
. ..recovers 563kg skunk, meth, heroin in Bayelsa warehouse, arrests 4; destroys cannabis farms in Edo forest
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a shipment of cocaine concealed in 20 sets of religious books going to Saudi Arabia.
The cocaine consignment consisting of 20 parcels with a total weight of 500grams and buried in the pages of the religious books was uncovered at a courier company in Lagos on Tuesday 15th April 2025 when NDLEA officers of the Directorate of Operations and General Investigation (DOGI) were searching through export cargos going to Saudi Arabia at the logistics firm.
At another courier company same day, NDLEA officers intercepted five parcels of Loud, a strong strain of cannabis weighing 2.8 kilograms hidden in a carton coming from the United States of America.
In Kano, a 22-year-old supplier of illicit substances to bandits, Muhammad Mohammed, has been arrested by NDLEA operatives on patrol along Bichi – Kano road while heading to Katsina with 277 ampoules of pentazocine injection tied to his thigh and private part with Sellotape. He was intercepted on Sunday 13th April, while another suspect, Mohammed Abdulrahman Abdulaziz, 43, was nabbed same day at Research Rimin Kebe area of Nasarawa, Kano with 68 blocks of skunk, a strain of cannabis, weighing 30kg.
Not less than 557.2kg of skunk, 5.6kg of methamphetamine and 29.8grams of heroin were recovered from a house along Major General Isaiah Alllison Street, Opolo, Yenagoa, Bayelsa state where four suspects were arrested when NDLEA operatives raided the premises on Wednesday 16th April. The four suspects arrested during the raid include: Sarimiye Suwa Kurtis, 46; Roland Prosper, 34; Sarimiye Tare Paul, 45; and Fidelis Ugbesla, 46.
While a total of 1,100 kilograms of skunk were recovered from a delivery van with the driver, Ismail Abdullahi arrested in Surulere area of Lagos on Thursday 17th April, NDLEA operatives in Kaduna on Friday 18th April raided the hideout of a suspect, Ike Ani, 30, in Zaria, where no fewer than 31,950 pills of tramadol 225mg and diazepam were recovered.
In Kebbi, NDLEA operatives on patrol along Bagudo road on Friday 18th April intercepted a vehicle loaded with bags of charcoal coming from Malabil, Benin Republic. A search of the vehicle led to the recovery of 97kg skunk concealed in the sacks of charcoal. Three suspects: Abubakar Ibrahim, 50; Mustapha Aliyu, 32; and Bashar Lawali, 28, were arrested in connection with the seizure.
A 48-year-old Okafor Marcel was nabbed with 11.5kg skunk at Abatete, Anambra state while NDLEA operatives in Osogbo, Osun state on Tuesday 15th April arrested Ajala Mercy, 27, with 43 litres of skushi, a mixture of black currant, cannabis and opioids recovered from her room at Dada estate, Halleluyah area of the state capital.
Two cannabis farms in Egbeta forest, Ovia North East LGA, Edo state were raided by NDLEA operatives who destroyed 3,717.8625kg of the psychoactive plant on 1.487145 hectares and recovered 136.5kg of processed cannabis.
At the Tincan seaport in Lagos, a suspect Basorun Usman Kayode, 40, who has been at large for two years was arrested by NDLEA officers in connection with the seizure of 107kg Loud imported from Cannada in 2023, while another suspect, Dauda Yakubu who distributes illicit drugs within the seaport community was arrested by a team of operatives on Monday 14th April.
The War Against Drug Abuse, WADA, social advocacy activities by NDLEA Commands equally continued across the country in the past week. Some of them include: WADA sensitization lecture delivered to students and staff of St. Michael Anglican Primary School, Epe, Lagos; Community Grammar School, Ipoti Ekiti, Ekiti state; College of Education, Minna, Niger state; traders at Igbona market, Osogbo, Osun state; traders at Marian Market, Calabar, Cross River; drivers and others at Peace Mass Transit park, Upper Iweka, Onitsha, Anambra state, among others.
While commending the officers and men of DOGI, Kano, Lagos, Kaduna, Kebbi, Osun, Zone 13, Edo and Tincan Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) equally praised their counterparts in all the commands across the country for ensuring a fair balance between their drug supply reduction and drug demand reduction efforts.
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SAD! SEC DG says “we can’t recover N1.3trn Nigerians lost to CBEX ponzi scheme”

Dr Emomotimi Agama, the Director General of the Security and Exchange Commission (SEC), has explained that there is nothing the Commission can do to help victims of the CBEX scam recover their lost investments.
CBEX or Crypto Bridge Exchange, an unregistered online trading platform vanished last Monday with about N1.3 trillion invested by about 600,000 investors.
CBEX which had operated under ST Technologies International Ltd lured its victims with a 100 percent returns on investment after 30 days.
Asked by Sunday Vanguard if there is anything the Commission can do to help victims recover their money in part or in full, Dr Agama said: “There is nothing the Commission can do”.
He however expressed concern that Nigerians continued to invest in an unregistered digital entity without drawing the attention of the Commission.
“We are worried that this went on for long without anyone drawing our attention to it. That is why we are doing more enlightenment and asking people to come forward to report this for early detection.
How Nigerians can identify a Ponzi Scheme
He warned Nigerians against investing their money in Ponzi Schemes, saying such schemes make promises that are not real.
“You can identify a Ponzi Scheme when an entity makes offers that appear certainly untrue and are bogus. The definition we have in the ISA (Investments and Securities Act, 2025) clearly tells you that when an investment firm makes any promise that is almost totally unattainable, you will know that that is clearly a Ponzi scheme”.
SEC disclosed that preliminary investigations have revealed that CBEX engaged in promotional activities to create a false perception of legitimacy, in order to entice unsuspecting members of the public into investing monies, with the promise of implausibly high guaranteed returns within a short timeframe.
The Commission stated that CBEX, which also operates under the corporate identity of ST Technologies International Ltd, Smart Treasure/Super Technology, had held itself out as a digital asset-trading platform, offering high returns to investors in Nigeria.
According to the SEC, “The Commission hereby clarifies that neither CBEX nor its affiliates were granted registration by the Commission at any time to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market.
The SEC emphasised that pursuant to the provisions of Section 196 of the Investments and Securities Act 2025, the Commission would collaborate with relevant law enforcement agencies to take appropriate enforcement action against the CBEX, its affiliates and promoters.
“The Commission uses this medium to remind the public to refrain from investing in or dealing with any entity offering unrealistic returns or employing similar recruitment-based investment models. Prospective investors are advised to verify the registration status of investment platforms via the Commission’s dedicated portal: www.sec.gov.ng/cmos before transacting with them”, the SEC added.
How I lost N500,000 in 7 days – Victim
Narrating how he got involved in the doomed platform, an Abuja based journalist told Sunday Vanguard that he invested N500,000 on April 4, 2025 with the hope of receiving N1 million after 30 days.
The journalist who requested not be named said: “I was involved for just seven days and lost N500,000 to the scam. I have a friend who has been pressuring me to invest on CBEX since December last year and I actually have been resisting because of my past experience with MMM.
“But he kept telling me and showing me how much he was making. So, I decided to give it a try and I got involved and finally transferred N500,000 on April 4. I was admitted into a Telegram group chat. Then the story began. The only luck I have is that my wife refused to be involved after I asked her to. I would have been in serious trouble by now.
“Immediately I got wind of troubles especially when people were locked out of the Telegram group, I tried to withdraw my money which had risen to N616,000 but I couldn’t”, he narrated.
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