Nigeria's Federal Ministry of Power Faces Indictment for N100.37bn Financial Irregularities
HYDRO POWER
Nigeria's Federal Ministry of Power has been indicted by the Auditor-General for financial irregularities amounting to N100.37bn, as highlighted in the 2022 Annual Report on Non-Compliance. Key issues include discrepancies in financial records, unaccounted funds for contracts worth N95.42bn, and unauthorized expenditures, prompting the Auditor-General to call on the National Assembly to enforce accountability and recover the misallocated funds.

Dec 29, 2025, 7:40 PM