The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed how the Commission intervened in 2024 to stop a contractor from executing a power project using substandard transmission materials.
Olukoyede made the disclosure on Wednesday, March 25, 2026, in Abuja while receiving the Managing Director/Chief Executive Officer of the Nigerian Electricity Management Services Agency (NEMSA), Olusegun Adesayo, during a courtesy visit to the Commission’s headquarters.
According to him, investigations by the EFCC uncovered that the contractor, engaged by the Ministry of Power, had imported fake and substandard transmission lines intended for a national power project.
“In 2024, we had cause to write to the Ministry of Power to blacklist a contractor after confirming he imported substandard transmission materials for a contract,” Olukoyede said, noting that the intervention helped avert a potential national disaster, including risks to lives and critical infrastructure.
He assured the NEMSA delegation of the EFCC’s commitment to strengthening collaboration in the electricity sector to improve service delivery and enforce compliance with industry regulations.
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“We believe joint efforts will ensure that stakeholders operate within the law, ultimately improving power supply across the country. Our mandate goes beyond financial crimes to include economic sabotage,” he added.
Olukoyede also urged the agency to remain vigilant against procurement fraud and contract irregularities, emphasizing the EFCC’s expertise in tackling such offences.
Earlier, Adesayo said the visit aimed to deepen collaboration with the EFCC in enforcing safety standards and promoting transparency within the power sector. He highlighted the agency’s mandate to regulate technical standards and ensure the safety, reliability, and quality of electrical materials nationwide.
He called for cooperation in intelligence sharing, investigation of substandard materials, procurement oversight, and public awareness, stressing the importance of regulation in safeguarding national infrastructure.
Adesayo further pledged ongoing internal reforms within NEMSA to enhance accountability and align with the Federal Government’s anti-corruption drive.
