NLC Alleges N20 Billion Corruption in TCN
Analysis based on 9 articles · First reported Mar 08, 2026 · Last updated Mar 09, 2026
The alleged N20 billion corruption within the Nigeria===Transmission Company of Nigeria could severely cripple Nigeria's power transmission infrastructure, leading to significant operational and financial instability for the company. This event casts a negative light on governance and fiscal discipline in Nigeria, potentially deterring foreign investment in the energy sector.
The Nigeria Labour Congress (NLC) has raised an alarm over an alleged N20 billion corruption plot within the Nigeria===Transmission Company of Nigeria (TCN). In a letter to the Minister of Power, NLC President Joe Ajaero accused TCN officials of orchestrating a 'large-scale heist' through questionable 'emergency refurbishment' contracts. The NLC alleges plans for inflated contracts, duplicate procurement of equipment, and overstocking of consumables at exorbitant prices, which they describe as 'money laundering disguised as grid expansion.' Specific examples cited include N191 million for erosion control on one tower, N290.6 million for fencing at a substation, and N226 million for work on another single tower. The NLC demands an immediate halt to all ongoing 'emergency' procurement processes, a full forensic audit, and investigations by anti-graft agencies like the Nigeria===Economic and Financial Crimes Commission (EFCC) and the Nigeria===Independent Corrupt Practices Commission (ICPC) into the procurement head, management team, alleged land sales, and irregular staff promotions. The union warns that if these procurements proceed, TCN's operational capacity could be crippled for a decade, severely impacting Nigeria's national power grid.
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