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Nigeria: Ex-Power Minister Saleh Mamman Convicted For Diverting ₦33.8bn From Power Projects”
The court, presided over by Justice James Omotosho, stated that it was satisfied that the Economic and Financial Crimes Commission (EFCC) had successfully established Mamman’s culpability beyond any reasonable doubt.
Mamman was arrested in 2021, a few months after his removal from office by the late President Muhammadu Buhari. The EFCC found him complicit in the illegal diversion of public funds totaling approximately ₦33.8 billion, earmarked for power projects.
According to court proceedings, the convict made cash payment of $655,700 (approximately ₦200 million) for landed property in Abuja without using a financial institution. The court also found him guilty of criminal breach of trust in relation to funds released by the federal government for the Mambilla and Zungeru Hydroelectric Power Plant projects.
Most of the funds, the court noted, were siphoned through Bureau de Change operators (BDCs), who converted the money into foreign currencies and handed it over to Mamman.
“The evidence of the prosecution is overwhelming compared to the scanty and almost absent defense presented by the defendant. He did not provide any credible evidence to rebut the prosecution’s case,” Justice Omotosho said, according to Vanguardngr.com.
The trial judge criticized the former minister for prioritizing personal wealth over national development. “Rather than leaving a legacy to tackle the epileptic power supply in the country, the defendant was living large at the expense of ordinary citizens. Little wonder Nigerians have remained in darkness till today,” he added.
Mamman was absent when the court delivered the verdict, according to multiple news sources. Consequently, the court deferred his sentencing, while the EFCC applied for a warrant of arrest to be issued against him.
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Meanwhile, a contract valued at over 1 billion U.S. dollars was also signed between Sonatrach, Thailand’s PTTEP, and a consortium comprising Egypt’s Petrojet and Italy’s Arkad, with the aim of developing the second phase of the Hassi Bir Rekaiz oil field in the Berkine Basin in eastern Algeria. The consortium won the contract in October 2025.
Speaking at the signing ceremony, Algerian Minister of Hydrocarbons and Mines Mohamed Arkab said the two agreements reflect the strong ties between Algeria and Egypt and their shared commitment to enhancing Arab and African cooperation, as well as promoting strategic partnerships across the continent.
For his part, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, underscored the importance of bilateral cooperation in opening new prospects for the energy sector.
He welcomed the MoU, noting that it would facilitate the entry of Algerian petroleum products into the Egyptian market.
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Ghana Signs Deal With Eni, Vitol & GNPC To Boost OCTP Gas Production To 350 MMSCF/D By 2028
The term sheet establishes a framework of commercial principles to support the development of new gas infrastructure under the OCTP Non-Associated Gas (NAG) Upgrade Project.
This latest agreement follows a Memorandum of Intent signed in September 2025, which committed the parties to collaborate on strategic investments aimed at strengthening Ghana’s energy sector and increasing domestic gas supply.
Under the proposed expansion, gas production from the OCTP project is expected to rise to 350 million standard cubic feet per day by 2028.
Currently, gas exports from the Jubilee and OCTP fields for domestic power generation stand at around 396 mmscf/d.
The upgrade will be driven by the development of the Gye Nyame field, as well as the installation of a booster compressor and a new non-associated gas system on the project’s floating production, storage, and offloading (FPSO) vessel.
The project is expected to enhance Ghana’s energy security, reduce dependence on imported fuels, and support rising demand from industries and households.
Speaking after the signing ceremony, Mr. Jinapor described the agreement as a significant milestone for Ghana’s energy future.
“Today’s signing sends a strong signal that Ghana’s upstream petroleum sector remains open, stable, and ready for investment,” he stated.
He added that the government remains committed to creating a predictable and competitive environment for investors while ensuring that the country’s natural resources are developed responsibly for the benefit of all Ghanaians. Ghana: Four PDS Officials Arrested Over Alleged Transfer Of Gh¢850M From ECG’s CalBank Account
Four officials linked to the defunct Power Distribution Services (PDS) Ghana Limited, the company that took over the operation of the Electricity Company of Ghana (ECG) under a concession arrangement, were last week arrested by the Bureau of National Investigations (BNI) for their alleged involvement in the transfer of GH₵850 million from ECG’s CalBank account.
The funds were allegedly transferred during arbitration proceedings in London between ECG and PDS, following the termination of the concession by the previous administration due to a faulty demand guarantee presented by PDS.
Minister of State in charge of Government Communications, Felix Kwakye Ofosu, revealed this on Monday, May 4, in a statement posted on X.
The four individuals are Philip Ayesu, Viraj Phat, Sophia Korkor, and Justice Menka-Premoh.
According to the minister, all four suspects have since been granted bail while investigations continue.
“The Bureau of National Investigations (BNI) arrested the following persons affiliated with PDS last week as part of investigations into the transfer of large sums of money believed to belong to ECG,” the statement read.
“The quartet have since been granted bail pending further investigations,” the minister’s post added.
Speaking on Accra-based Citi Eyewitness News on Monday, Benjamin Alpha Aidoo Esq., Spokesperson for the Attorney-General, stated that the four individuals have been officially charged but granted bail.He, however, declined to provide further details of the ongoing investigation, saying:
“The investigation officers want to understand the full circumstances under which these funds left these accounts. They need to call various persons who they believe may have played a role in the depletion of these accounts.”
He added:”These four individuals were initially invited for questioning, granted bail, and further investigations will follow.”
When asked how much money was transferred, Aidoo confirmed it was GH₵850 million belonging to ECG, which had been in their CalBank account.
He further explained the context of the case: “During a transitional arrangement, reconciliation was supposed to be done for the transfer of assets and liabilities. Pending that arrangement, PDS took the matter to arbitration, and it was expected that arbitration would preserve the status of both assets and liabilities for both parties. After ECG won the arbitration and returned to the account, they could not locate these funds. It appears these funds were intentionally depleted, and that is the focus of the ongoing investigation.”
Meanwhile, attempts to reach Mr. Phillip Ayesu, one of the officials of PDS has proved futile, as his phone was switched off.


