• Latest
  • Trending
NLC Alleges Planned N20b ‘emergency’ spending in TCN

NLC Alleges Planned N20b ‘emergency’ spending in TCN

March 9, 2026
Fubara writes Rivers assembly, proposes March 19th to re-presents 2025 budget

‘I’m back to my political family’, Fubara Joins Wike’s Rainbow Coalition

July 22, 2026
NSIB, NCAA Partner On Air Crash Victim Support

NSIB, NCAA Partner On Air Crash Victim Support

July 22, 2026
Young people cohabiting to produce babies for sale in Anambra- NAPTIP

NAPTIP Rescues 156 Trafficking Victims, Warns of Digital Scams

July 22, 2026
Etihad, Air Peace Alliance Expands Access To West, Central Africa

Etihad, Air Peace Alliance Expands Access To West, Central Africa

July 22, 2026
LASEMA Restores Normalcy After Kara Bridge Crash, Alakuko Fire

LASEMA Restores Normalcy After Kara Bridge Crash, Alakuko Fire

July 22, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Army Redeploys 55 Soldiers From Borno

Army Opens New FOB In Katsina To Check Bandit Attacks

July 22, 2026
Tanker Crushes Delivery Rider To Death In Maryland, Driver Arrested

Tanker Crushes Delivery Rider To Death In Maryland, Driver Arrested

July 22, 2026
AMERICA’S SUDDEN “LOVE” FOR NIGERIA

‘True Honour to Stand with You Against Terrorist’- Trump to Tinubu

July 22, 2026
ICPC Warns Randy Lecturers Says Sexual Harassment Attracts 7yrs Jail Term

Forfeited Abuja Land From Failed $65m Project Returned To FMBN

July 22, 2026
ADVERTISEMENT
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Thursday, July 23, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result

NLC Alleges Planned N20b ‘emergency’ spending in TCN

by Present Nigeria
March 9, 2026
in News
0
NLC Alleges Planned N20b ‘emergency’ spending in TCN
25
SHARES
50
VIEWS
FacebookTwitterWhatsappTelegram

The Nigeria Labour Congress, NLC, has raised concerns over an alleged plan by certain officials within the Transmission Company of Nigeria, TCN, to spend close to N20 billion on electricity grid expansion projects.

The labour union claimed that the proposed expenditure, reportedly being pursued under the label of “emergency refurbishment,” appears to be a scheme aimed at diverting funds from the financially strained power utility.

RelatedPosts

‘I’m back to my political family’, Fubara Joins Wike’s Rainbow Coalition

NSIB, NCAA Partner On Air Crash Victim Support

NAPTIP Rescues 156 Trafficking Victims, Warns of Digital Scams

In a letter addressed to the Minister of Power, Adebayo Adelabu, and signed by the NLC President, Joe Ajaero, the union warned that the planned spending poses a serious threat to the organisation’s financial stability.

Ajaero alleged that a group operating within TCN was attempting to use the justification of an “emergency” to sidestep standard procurement procedures and conceal questionable transactions within complex documentation.

He cautioned that if the procurement plans go ahead, the financial health of TCN could deteriorate further, potentially undermining its ability to operate effectively for many years.

According to the NLC leader, the national grid could remain in a perpetual state of crisis, not because of a lack of technical capacity, but due to the diversion of funds intended to improve infrastructure.

Providing examples of what he described as questionable spending proposals, Ajaero claimed that N191 million had been earmarked for erosion control work on Tower T89 in Ihovbor, Okada.

He also pointed to a proposed expenditure of N290.65 million for fencing and drainage work at the Biu 132/33KV substation.

He cited a planned allocation of N226.02 million for work on Tower T27 in the Etsako–Okpella–Ajaokuta axis, describing such figures as inconsistent with the principles of prudent financial management.

The NLC further alleged that there were plans to procure specialised transformers and switchgear in separate batches from the same supplier at progressively higher prices.

Ajaero argued that such arrangements suggested irregularities in the procurement process, describing them as an attempt to channel funds through inflated contracts rather than legitimate infrastructure upgrades.

He also accused officials of planning to stockpile consumable materials such as insulators, conductors and clamps at prices significantly above market rates, allegedly under the pretext of preparing for potential grid failures.

The NLC president therefore called on the Minister of Power to suspend all ongoing “emergency” procurement activities within TCN pending the outcome of a comprehensive forensic audit.

He also urged the minister to investigate the reported sale of land located behind the TCN substation in Katampe, Abuja.

In addition, Ajaero requested a review of an alleged attempt to promote a staff member employed on September 16, 2021, to the position of Assistant General Manager by 2026, which he said violates the company’s established promotion guidelines.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share10Tweet6SendShareShare2
Previous Post

APGA Asks two Abia Federal Lawmakers to Vacate Seat after Defection

Next Post

Iran’s Next Leader won’t Last Without my Approval – Trump Warns

Related Posts

Young people cohabiting to produce babies for sale in Anambra- NAPTIP

NAPTIP Rescues 156 Trafficking Victims, Warns of Digital Scams

July 22, 2026
LASEMA Restores Normalcy After Kara Bridge Crash, Alakuko Fire

LASEMA Restores Normalcy After Kara Bridge Crash, Alakuko Fire

July 22, 2026
Army Redeploys 55 Soldiers From Borno

Army Opens New FOB In Katsina To Check Bandit Attacks

July 22, 2026
Tanker Crushes Delivery Rider To Death In Maryland, Driver Arrested

Tanker Crushes Delivery Rider To Death In Maryland, Driver Arrested

July 22, 2026
Next Post
Trump Reacts To Acquittal, Lauds Legal Team For Upholding Justice

Iran's Next Leader won't Last Without my Approval - Trump Warns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

  • Privacy Policy
  • Contact Us
  • Advert Rates

© 2025 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.