N120bn energy theft: FG probes losses on Ikorodu–Sagamu industrial corridor

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By Adewale Sanyaolu

The Federal Government has launched a crackdown on massive energy theft along the 132kV Ikorodu–Sagamu industrial corridor, where unaccounted electricity losses have risen to 100 megawatts, costing the power market an estimated ₦120 billion in annual revenue.

The Minister of Power, Joseph Tegbe, announced the intervention during a high-level stakeholder meeting with…

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