Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), recently revealed some disturbing truths about the state of corruption in Nigeria’s power sector. Speaking during a visit by the House of Representatives Committee on Financial Crimes to the EFCC’s headquarters in Abuja on November 12, 2024, Olukoyede said the level of corruption in the sector is so extensive that it would move anyone to tears.

The EFCC Chairman’s comments bring to light the deep-rooted issues within the power sector, which is vital to the country’s development. According to Olukoyede, the scale of the corrupt activities is beyond imagination, highlighting an urgent need for change and stronger measures to address the problem.

This revelation from the EFCC Chairman has raised concerns about the ongoing efforts to reform the power sector and the need for more transparency and accountability. The public is now calling for swift actions to root out corruption and ensure that the sector serves the best interests of the Nigerian people.

“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,” he said