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Nigerians Decry Corruption Yet Defend Corrupt Leaders – EFCC Chair

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Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has expressed concern over the contradictory stance of many Nigerians regarding corruption.

He pointed out that while citizens frequently condemn corruption, they often rally behind corrupt leaders when they face prosecution.

Olukoyede made these remarks on Friday in Abuja during a visit by officials of the Centre for Crisis Communication (CCC), led by its Board of Trustees director, Chris Olukolade.

The EFCC chairman emphasized that corruption and financial crimes are among the biggest challenges hindering Nigeria’s progress. He asserted that tackling these issues requires collective responsibility, not just government intervention.

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“One of the major problems in Nigeria, which, when tackled, will make underdevelopment a thing of the past, is corruption and financial crimes,” Olukoyede stated.

He stressed that national progress depends on both leadership and citizen action, urging Nigerians to actively uphold integrity in their daily dealings.

“A society that is ready to move forward is a responsibility not only of the government but of the citizens. This is why some of us are deeply committed to this cause. We are prepared to do what is necessary within the confines of the law and the powers granted to us by the Constitution. If everyone decides to do the right thing, Nigeria will move forward,” he added.

Olukoyede reiterated the EFCC’s unwavering commitment to fighting corruption, assuring the public that the agency will operate strictly within legal boundaries while ensuring justice is served.

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Highlighting the importance of public cooperation, Olukoyede emphasized the need for strategic communication and collaboration with organizations like the CCC to enhance public awareness. He lamented the inconsistency in public reactions to corruption cases, noting that the same individuals who criticize corruption often defend high-profile figures facing corruption charges.

“It is unfortunate that people condemn corruption yet, at the same time, support those accused of it,” he said.

He criticized the public tendency to stage protests in support of politicians and business figures facing corruption trials, arguing that such actions undermine the fight against financial crimes.

“Everybody complains that corruption is ruining our system, yet when we investigate and prosecute high-profile cases, the same people take to the streets with placards in support of corrupt leaders. This attitude suggests that we are not serious about fighting corruption. The fight must be a collaborative effort,” he remarked.

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Olukoyede urged Nigerians to remain consistent in their stance against corruption, emphasizing that meaningful progress can only be achieved when citizens and authorities work together in the pursuit of accountability and justice.

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48hrs to protest Telcos warn NLC not to become funeral rites performers of sector

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Telecom operators in the country have warned the Nigerian Labour Congress, NLC, not to drive in the last nail in the coffin of an already ailing telecom sector with its planned nationwide protest on February 4.

The telcos, through their Chief Executive Officers and the Chairman of the umbrella body, the Association of Licensed Telecom Operators in Nigeria, ALTON, Engr Gbenga Adebayo, regretted that the NLC’s planned protest could worsen the problems of a sector already in coma.

At a town hall meeting in Victoria Island, Saturday evening, Adebayo said he had no doubt that the Labour union would not want to be addressed as the undertaker of a dead sector.

He expressed hope that NLC would listen to the voice of reason and suspend the protest.

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He said: “The coming week will be crucial, but I trust that ongoing discussions at various levels will prevent an outcome we do not expect or desire.

“While I cannot say everything, I am aware that efforts are being made to ensure stability.

“That said, I sincerely hope no group will push the telecom sector to collapse.
“I hope Labour does not become the undertaker of the industry. If that happens, the consequences are clear; we will start heading downward. And once we do, recovery may become impossible.

“We initially made our request to the government based on thorough studies and reports.

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“In fact, data suggests our sector requires far more than the 100% increase we originally requested. Despite this, we still accepted Federal governments 50%, hoping that in due time, following market demand, more would be approved.

“Let me illustrate this with a simple analogy: Remember COVID-19? When patients needed oxygen, they were given full tanks to survive.

“Now, imagine the telecom sector as a patient requiring 100 liters of oxygen. The government initially suggested 50 liters — just enough to sustain life and reassess later. But now, there is talk of reducing it further to just 10 liters.

“If a person who needs 100 liters is only given 10, we all know the inevitable outcome.

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“The proposed 50 liters is already a lifeline, allowing us to survive, recover, and contribute to employment and economic growth. “Anything lower would be catastrophic — like a critically ill patient being denied the oxygen necessary to live beyond the next day.

“Discussions like these take different shapes, but we must remember, 30 years ago, we were in a similar situation, and we cannot afford to go back.

“The priority must be survival — for the sector and the broader economy.”

Adebayo urged the NLC and all other stakeholders to come together and ensure that the sector doesn’t end up in a position where survival is no longer an option.

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Recall that on Friday, the Private Telecommunications & Communications Senior Staff Association of Nigeria, PTECSSAN, had publicly distanced itself from the NLC protest, saying that the hike is necessary to prevent the industry’s collapse.

In a letter addressed to the NLC, signed by Okonu Abdullahi, General Secretary of PTECSSAN, the group stated emphatically that the Congress had acted “in error” without consulting them.

“It is our firm belief that the Congress leadership has acted in error in taking these decisions without prior consultation with our Union that operates in the sector,” the letter stated.

PTECSSAN emphasized the dire financial straits facing telecom operators, citing the removal of fuel subsidies and the fluctuating exchange rate as key factors driving up operational costs.

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It also highlighted the increase in the price of Automated Gas Oil, AGO (desiel), used to power base stations, from N842.25 to an average of N1,441.28 since May 2023.

They also pointed to the soaring cost of petrol, which has risen from N198 to over N1,030 in some areas, impacting the mobility of field engineers responsible for maintaining these crucial sites.

“Therefore, there is no way out of high running cost on maintenance of the telecommunications sites,” the letter asserted.

PTECSSAN further explained that the fluctuating exchange rate, with the Naira depreciating from N460 to approximately N1,700 against the dollar, has made importing essential telecom equipment significantly more expensive.

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“Putting it in the right perspective as done previously, the Naira was exchanging for N460 to 1 dollar before May 2023 and today it is around N1,700 to 1 dollar,” the letter explained.

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FG to spend $600m annually on electricity subsidy

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The Federal Government has announced plans to introduce an annual electricity subsidy of $600m for all customers from 2025 as part of efforts to reform the power sector.

The subsidy, expected to last until 2027, aims to bridge the gap between cost-reflective tariffs and regulated electricity rates, while the government works towards eliminating the metering deficit and enhancing the financial sustainability of power distribution companies.

According to Nigeria’s Energy Compact document obtained by Sunday PUNCH, the initiative is part of the National Energy Compact and aligns with Nigeria’s broader electrification and clean energy transition plans.

Nigeria, alongside Côte d’Ivoire, Zambia, and nine other African countries, presented its energy compact at a two-day summit in Tanzania, with a focused on innovative energy solutions.

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However, the policy is a temporary measure designed to ensure affordability while the government progressively moves towards full cost-reflective tariffs.

The document noted that the subsidy might take different forms, including a flat monthly subsidy per electricity consumer or a subsidy on the first 50 kilowatt-hours consumed each month.

This approach intends to reduce the regressivity of previous subsidies, where a significant portion benefited wealthier households.

By 2027, the government plans to introduce a social tariff to protect low-income and vulnerable customers once the broader cost-reflective framework is fully implemented.

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The document noted the Federal Government’s trajectory to full cost-reflectivity included a “$600m per year subsidy in 2025 to 2027 (while metering gap is being closed), and then fully CRT except for social tariff for vulnerable customers.”

It added, “In order to decrease the regressivity of electricity subsidies, move towards a full cost reflective tariff system which includes a limited and uniform subsidy for all customers in 2025 while the metering gap is being closed. This scheme can take the form of a uniform monthly subsidy per customer, or the first 50 kWh per month being subsidised.”

A key focus of the reform is closing Nigeria’s metering gap, which currently stands at approximately seven million unmetered electricity end-users.

The government outlined a plan to install 1.5 million smart meters in 2025, four million in 2026, and 1.5 million in 2027.

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The closure of the metering gap is expected to minimise losses in the sector, improve revenue collection efficiency, and ensure that tariffs are aligned with actual consumption, thereby reducing the need for future subsidies.

The electricity sector has struggled with financial sustainability due to high technical and commercial losses, low tariff recovery rates, and liquidity constraints.

Despite efforts under the Power Sector Recovery Programme, tariff shortfalls reached N650bn in 2023 and are expected to rise further in 2024, potentially exceeding N2.2tn.

The subsidy scheme would provide temporary relief while ensuring that distribution companies meet their financial obligations to power generation companies and the Transmission Company of Nigeria.

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SAD! Terrorists k!ll Plateau couples, children

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A family of three has been killed by suspected terrorists at Lighitlubang village, Mangu Local Government Area of Plateau State.

The husband, wife, and their child were attacked by the terrorists while they were asleep on Friday night.

Sunday PUNCH also gathered that another husband and wife were killed by the assailants.

One of the villagers, Moses Bankat, confirmed the incident to our correspondent.

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He said, “It happened at about midnight on 31/01/2025. Some suspected Fulani terrorists entered Lighitlubang village in Bungha District of Mangu Local Government and killed a family of five—a man, his wife, and child—along with another man and his wife, all slaughtered.”

It was learnt that the attack has sent shockwaves through the community, with many residents expressing fear and anxiety.

The incident is the latest in a series of attacks blamed on terrorists in the region.

The spokesman for the Plateau State Police Command, Alabo Alfred said security agents had been deployed to the affected community to maintain peace and order while an investigation had begun.

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“I will get details from the DPO when they return from the bush because they have gone there,” the PPRO said.

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