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FG, Transcorp Sign Deal For 966MW Afam Power Plant
The Federal Government and the Transcorp Power Consortium, yesterday, signed a share sale and purchase agreement in relation to Afam Power Plc and Afam III Fast Power Ltd, which is expected to add 966 megawatts to the national grid.
The deal was signed by the Director-General, Bureau of Public Enterprises (BPE), Alex Okoh and the Chairman of the Transcorp Group, Tony Elumelu, at a brief ceremony in the State House, witnessed by the Vice President, Prof Yemi Osinbajo, who is the chairman of the National Council on Privatization (NCP).
Transcorp Power Consortium emerged the preferred bidder with a combined offer of N105billion in a competitive bid that saw other 12 prospective investors
The NCP had approved the privatization of the Afam Power Plant at its meeting held on the 22nd and 23rd August, 2017.
Speaking at the signing ceremony, Osinbajo said the event was a milestone in the Nigerian government’s continued effort to accelerate reforms in the power sector.
He said the acquisition of Afam Power Plc and Afam III Fast Power Ltd by the Transcorp Power Consortium was the first of many new investments in the sector across value chain from generation to distribution.
Osinbajo said: “The Buhari administration’s goal is to eliminate the challenges in the power sector by improving liquidity in the market through a host of measures, including the recently announced national mass metering programme and the transition to a service-based tariff.
“We need a power sector that can provide quality service to Nigerian consumers and sustain itself. The Afam Power PLC and the Afam III Fast Power Ltd have a combined capacity of almost 1000MW.
“The current usable and operational capacity of 240 megawatts from Afam III and about 100 megawatts from Afam Power PLC speaks of the opportunity that the transfer acquisition can bring.”
Charging Transcorp Power Consortium to take the opportunity of its ownership of the Afam Power Plant to raise the operations of the facility to its full capacity, the vice president said government would expect the consortium to bring its experience and expertise in the Ughelli Power Plant, which it acquired in 2013, to bear on Afam.
Osinbajo, who described Afam Power Plant as an energy hub for Nigeria, said that it was a cluster that houses multiple power plants, including those owned by Shell Petroleum Development Company (SPDC), and Sahara Energy.
Osinbajo assured that the Buhari administration would continue to work on its ease of doing business reforms to drive foreign investment, noting that local investors “are always the great litmus test for the investment environment.”
Speaking at the event, Director-General of the BPE, Alex Okoh, said that Transcorp Power Consortium has committed to investing the sum of $350million in the combined power assets.
According to Okoh, in addition to the new Afam III Fast Power Plant, with an installed capacity of 240megawatts, the consortium has committed to ramp up power generation of the plant to its rated capacity of 726megawatts within a period of five years, thereby adding an aggregate of 966 megawatts to the national grid.
He said: “The reform and privatization programme of this administration is not about simply divesting public enterprises to the private sector.
Also speaking, the Chairman of Transcorp Group, Tony Elumelu, said access to electricity was pivotal in lifting Nigerians out of poverty and in creating jobs.
He said the acquisition of the Afam Power Plant would be an opportunity for the Transcorp Group to contribute to government’s effort at improving the lives of the people and in growing the economy.
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Akpabio Withdraws All Defamation Suits After Priest’s Sermon
The Senate President, Senator Godswill Akpabio, has directed his lawyers to withdraw all ongoing defamation lawsuits against several individuals, saying he was moved by counsel during a New Year Mass.
Speaking at the Sacred Heart Parish in Uyo, yesterday, Akpabio said he had filed nearly nine lawsuits against individuals he accused of defaming him.
He said, “I had almost nine cases in court against some individuals who defamed me, who lied against me, who slandered my name.
“But I listened to the priest and suddenly realised he was talking to me, so I hereby direct my solicitor to withdraw all lawsuits against them.”
In 2025, Akpabio had filed several high-profile defamation lawsuits, including one against colleague Senator Natasha Akpoti?Uduaghan.
In late 2025, Akpabio filed a N200 billion defamation lawsuit against her over allegations of sexual harassment, which he denied and urged her to substantiate in court.
Earlier in the year, Akpabio’s wife also filed defamation suits against Akpoti?Uduaghan over claims she said had harmed her family’s reputation.
Relations between the two lawmakers soured after Akpoti?Uduaghan accused Akpabio of influencing her suspension from the Senate in March 2025, following her public allegations of misconduct.
The Senator had previously challenged actions taken against her in court, including a N100 billion defamation suit she filed against Akpabio and other defendants over alleged remarks that she said damaged her reputation.
With yesterday’s announcement, Akpabio has formally ended all pending legal disputes arising from defamation claims, signalling closure to the publicised litigations as the year begins.
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‘Best Way To Show Gratitude Is To Deliver Tinubu in 2027’
Rivers State Governor, Sir Siminalayi Fubara, has declared that the best form of gratitude Rivers people owe President Bola Ahmed Tinubu for protecting the interest of the State is to galvanize massive support for the President in 2027.
Fubara disclosed this last Monday during the commissioning of Permanent Secretaries Quarters built by his administration at Elimgbu in Obio Akpor Local Government Area of the State.
He said that the State has what it takes to deliver the President during the 2027 general elections.
“We’ve taken a decision,our decision is for the good of Rivers State, our decision is to say thank you for the protection we have from Mr President, our decision is to prove that we have what it takes to deliver Mr President.”
Fubara expressed delight over the completion of the project, stating that the initiative was to provide accommodation, a basic need of life for public servants in the state to improve their productivity.
He explained that lack of effective social welfare was at the root of some incriminating actions that undermine the purpose of governance, noting that the commissioning of the newly built Permanent Secretaries Quarters marks a significant milestone in civil service welfare and institutional development.
“Insecurity begins when individuals are uncertain of what the next hour holds. This situation is especially challenging for family men and women, affecting confidence and decision-making,” he observed.
Fubara emphasized the need for proper maintenance of the facility and urged the beneficiaries to protect the project like a personal property, while directing the State Head of Service to appoint a facility manager to ensure long-term maintenance.
In her remarks, the Special Guest of Honour and Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack, who unveiled the project, expressed appreciation to the governor and Rivers State for inviting her to commission the project.
She commended Fubara for prioritizing the welfare of Permanent Secretaries who are senior public servants and accounting officers, noting that the project reflects purposeful and visionary leadership, and urged other states to borrow a cue from the Rivers State Governor.
Walson-Jack described the initiative as a strategic investment in staff welfare and institutional continuity which she noted is in line with Renewed Hope Initiative on provision of mass housing and social stability.
“The commissioning of these houses reflect a deliberate commitment to the dignity, welfare, and productivity of senior public servants responsible for policy coordination and service delivery,” she said.
In his goodwill message, the National Secretary of the All Progressives Congress (APC), Senator Ajibode Bashiru, who led a high powered delegation on a visit to the governor, congratulated Rivers people for aligning with the Pan Nigerian political party, assuring that the interest of Rivers State will be duly protected in the APC.
He described President Bola Tinubu as a detribalised Nigerian who anchors his leadership on equity, fairness and justice, adding that the APC will provide a level playing ground for all.
The APC chief scribe also commended Fubara for providing good accommodation for public servants, stating that it will address issues of sabotage, compromise and disloyalty on the part of public servants.
Giving the project description, Permanent Secretary, Rivers State Ministry of Works, Dr. Austin Ezekiel-Hart, said the estate comprises 29 units, including nine standalone duplexes and 20 terrace buildings.
Facilities feature a water treatment plant, synchronized power generators, CCTV and alarm systems, a gym, recreational areas, and green spaces—designed to enhance comfort, performance, and productivity.
Earlier, the Head of the Rivers State Civil Service, Dr Mrs Inyingi Brown, had thanked the governor for his visionary initiative and unwavering commitment to the welfare of Rivers State Civil Servants, and restated the commitment of the State civil servants to the success of Fubara’s administration.
By: Taneh Beemene
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