Business A.M
No Result
View All Result
Friday, March 13, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

FG spends N8.8bn on restoration of vandalised power towers – TCN

by Admin
January 21, 2026
in Energy, Frontpage, Power
  • 128 power towers lost in 2024

Onome Amuge

TCN chief calls out DisCos’ funding structure for power industry challenges

The federal government has spent not less that N8.8 billion in 2024 to repair and restore transmission towers that were vandalised across the country. 

Ahmed Abdulaziz, the managing director and chief executive officer of the Transmission Company of Nigeria (TCN), made the disclosure during a recent Power Sector Working Group meeting in Abuja.

Olugbenga Ajiboye, the executive director of the TCN, representing the TCN MD, disclosed that the country lost 128 transmission towers between January and November 2024, with perpetrators either being vandals or bandits. 

The TCN expressed deep concern that perpetrators apprehended for these acts of destruction are often granted bail, allowing them to continue their illicit activities with impunity.

“As I talk to you today, 128 of our towers have been destroyed by either vandals or bandits. To date, we have spent about N8.8bn, by our estimation, to put them back to full and functional use,” he said.

Abdulaziz alleged that when the vandals were arrested and handed over to the police for prosecution, they were granted bail on the basis of theft, rather than vandalism. 

He further lamented that on every occasion that vandals were arrested and taken to the police for prosecution, the police charged them with theft, rather than vandalism, enabling the release of the vandals on bail. 

Abdulaziz disclosed that when the Shiroro-Mando-Kaduna towers were destroyed, the TCN was forced to secure full military escorts for its contractors, just to ensure that the transmission lines and towers could be safely restored.

He added that the scope of the challenge was so daunting that in some cases, the TCN’s contractors were only given a two-hour window to work on the restoration process.

“In some instances, they would even tell us that it was not safe to move there. How do we get out of this? How can we deliver electricity to Nigerians under these terrible circumstances? These are part of the challenges we are facing in the power sector,” the TCN MD said. 

Bolaji Tunji, the special adviser to the minister of power on strategic communication and media relations, also confirmed in a statement that despite apprehending perpetrators, the Nigerian Police have yet to successfully prosecute any of the apprehended vandals.

Admin
Admin
Previous Post

Access Bank expands African presence with acquisition of Standard Chartered Bank Angola, Sierra Leone

Next Post

NCC sets January 2025 compliance deadline for contact detail updates by licensees

Next Post

NCC sets January 2025 compliance deadline for contact detail updates by licensees

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Oil steadies as US stockpile decline offsets trade tension worries

Oil climbs above  $100 as Iran warns Strait of Hormuz will remain shut

March 12, 2026
Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026
AI, cloud shift redefining skills for next-generation software developers 

AI, cloud shift redefining skills for next-generation software developers 

March 12, 2026
Crude oil dips amid muted market response to EU Russian sanctions

Oil climbs toward $100 as tanker attacks heighten Middle East supply fears

March 12, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Oil steadies as US stockpile decline offsets trade tension worries

Oil climbs above  $100 as Iran warns Strait of Hormuz will remain shut

March 12, 2026
Study ranks New Zealand, Japan among safest countries if global war erupts

Study ranks New Zealand, Japan among safest countries if global war erupts

March 12, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

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
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M