ZION B-BC
NEWSLETTER.
A Publication of the Zion Faith
Bible-Believing Church Kpeyegyi Abuja Nigeria.
{Vol. 14. NO 618
24th August 2025} “…ONLY The Truth, Will Set You Free! (John.8:32).
PRAY & FAST EVERY WEDNESDAY TO STOP BLOODSHED IN NIGERIA!
“THROW ME OUT IF I FAIL TO FIX ELECTRICITY IN FOUR
YEARS!”
Alhaji Bola Tinubu shot
himself in the foot during the 2023 Presidential Campaign when he boasted of
fixing the age-long electricity quagmire in the space of FOUR YEARS or be shown
the exit door! As we predicted in our last week’s Edition 617, pages 3-4, his
major concern at the Ninth Tokyo International Conference on African
Development (TICAD9), was not in the interest of the downtrodden but to borrow
more money to fester his presidential
ego and WE have been proved right!
OFFICIAL NEWS REPORT:
22nd August 2025.
Federal Government is
in advanced discussions with the Japan International Cooperation Agency (JICA)
for a $238 million loan aimed at expanding Nigeria’s electricity transmission
network and strengthening the national grid.
The talks formed part
of Nigeria’s engagements at the Ninth Tokyo International Conference on African
Development (TICAD 9) in Yokohama, Japan, where President Bola Tinubu led the
delegation, accompanied by the Minister of Power, Adebayo Adelabu, and other
officials.
According to Adelabu:
1)
The proposed JICA loan
builds on the ₦19 billion counterpart funding recently approved by the Federal
Executive Council (FEC). The financing will support:102.95km of new 330kV
double circuit (DC) transmission lines; 104.59km of new 132kV DC lines; Four 330/132/33kV
substations; Two 132/33kV substations; and Bay extensions at existing 330kV and
132kV substations. [Story…story…]
2)
Beyond grid expansion,
there are plans for a separate $190 million renewable energy loan facility
supported by JICA to accelerate deployment of SOLAR MINI-GRIDS AND STANDALONE
SYSTEMS IN UNDERSERVED COMMUNITIES.
3)
This complements the
recently launched $750 million World Bank Distributed Access through Renewable
Energy (DARES) Program, which targets clean electricity for 17 million
Nigerians under the Mission 300 Compact. Adelabu noted that only 60% of
Nigerians currently have access to electricity, much of WHICH IS UNRELIABLE.
WHERE IS THE POWER?
OBASANJO, JONATHAN AND BUHARI FAILED TO FIX NIGERIA’S ELECTRICITY CHALLENGE
WHICH TINUBU HOPES TO FIX IN FOUR YEARS!
In May 2018, the
Socio-Economic Rights and Accountability Project, (SERAP) urged President
Muhammadu Buhari to “urgently refer the allegations of mismanagement of $16
billion power projects between 1999 and 2007 to the Economic and Financial
Crimes Commission (EFCC) and the Independent Corrupt Practices and Other
Related Offences Commission (ICPC) for further investigation, and if there is
relevant and sufficient admissible evidence, for anyone suspected to be
involved to face prosecution.”
The organization also
urged Buhari to “refer to the EFCC and ICPC not just allegations regarding the
$16 billion power projects but also the alleged squandering of over N11
trillion meant to provide regular electricity supply covering the governments
of former Presidents Olusegun Obasanjo, Umaru Musa Yar‘Adua and Goodluck
Jonathan.”
Buhari in May 2018, accused Obasanjo of
spending $16bn on power projects during his tenure as the President without
corresponding power supply to Nigerians. But responding, Obasanjo said the
President’s allegation was rooted in ignorance, claiming he was already cleared
of any wrongdoing concerning the power sector by the National Assembly, and
referring Buhari to his autobiography, “My Watch”, which he said reproduced
various reports on the matter.
“The total estimated
financial loss to Nigeria from corruption in the electricity sector starting
from the return to democracy in 1999 to date is over Eleven Trillion Naira (N11
Trillion Naira). This represents public funds, private equity and social investment
(or divestments) in the power sector. It is estimated that may reach over
Twenty Trillion Naira (N20 Trillion Naira) in the next decade given the rate of
Government investment and funding in the power sector amidst dwindling fortune
and recurrent revenue shortfalls.”
[In spite of all the
HUE AND CRY by SERAP and all well-meaning Nigerians, Buhari handed over to
Tinubu and the ROT CONTINUES UNABATED]!
THERE WAS ALSO THE
HALLIBURTON BRIBERY SCANDAL OF USD$6 BILLION- DOLLAR CONTRACT IN WHICH SIEMENS
WAS INVOLVED!
The scandal dates back
to 1994 when the Nigerian Military Government launched ambitious plans to build
the Bonny Island Natural Liquefied Gas Project.
A network of secretive banks and offshore tax
havens was used to funnel $182 million in bribes to Nigerian officials in
exchange for $6 billion in engineering and construction work for an
international consortium of companies that included a then Halliburton
subsidiary.
In 2010, Nigeria indicted former U.S. Vice
President Dick Cheney, who was the Chief Executive Officer (CEO) of Halliburton
before he was elected, only to later clear him when Halliburton worked out a
$35 million settlement. Other companies allegedly involved in the scandal
included SIEMENS AG; TSKJ, Technip of France: Snamprogetti of Italy; Kellog,
Brown and Roots of the U.S; JAPAN GAS CORPORATION (JGC); and construction
giant, JULIUS BERGER, which was accused of acting as a conduit for the illegal
transfer of $5 million to an alleged beneficiary.
Also, a 2010 Nigerian
government document reportedly included three former Nigerian Presidents, a
Vice-President, a Minister, Intelligence Chiefs and Corporate Titans in a list
of bribery beneficiaries. While there had been indictment and conviction of foreign
companies and their top executives in Europe and America over the scandal, the
beneficiaries from Nigeria are yet to be fished out and sanctioned TO DATE!
NIGERIA STILL BORROWS
FROM GERMANY AND JAPAN WHICH WERE COMPLICIT IN HALLIBURTON SCANDAL!
Birds of a feather!
Alhaji Bola Tinubu was privy to the fact that Military Corruption should not be
incorporated into the “THE JUNE 12 EMANCIPATION STRUGGLE” of which he claimed
“participation” but from all indication, he is only interested in the LETTER
AND NOT THE SPIRIT of the Democratic Mandate!
1) The Corrupt Portfolio Contractors are fleecing the Economy
through regular repatriation of Profits to their Home Countries UNHINDERED!
2) Germany and Japan have NEITHER INDUSTRIAL NOR PRODUCTION
COMMITMENTS IN NIGERIA. Over the years they dominated both spaces of execution
OF GOVERNMENT CONTRACTS AND EXPORTATION OF THEIR FINISHED PRODUCTS which raw
materials were initially sourced from the country!
AND WHEREAS, in 15
months under Tinubu’s Watch, electricity tariffs have jumped by over 250%, the
National Grid collapsed more than 15 times and in spite of the Band A-E
clarification, Nigerians still pay for darkness!
Adelabu claimed that
60% of Nigerians enjoy regular power supply when in truth more than 80 million
Nigerians still lack electricity!
SOLAR ENERGY WILL NOW
REPLACE BOLA TINUBU’S ELECTORAL PROMISE OF HYDRO ELECTRICITY FOR NIGERIANS!
Starting with the State
House, Abuja, Nigerians may now begin to enjoy regular POWER SUPPLY through
Solar Energy Installations!
In spite of massive
public outcry against such reckless expenditure, the Alhaji has officially
awarded a humongous NGN10 billion naira Contract for the construction of SOLAR
ENERGY FACILITY for the Presidential Villa, Abuja and work had begun in
earnest!
We will not be
surprised if the Contract is being executed by the Germany and Japan Companies!
With this new
development, Hospitals, Schools, public and private enterprises SHOULD NOW
ENJOY UNINTERRUPTED 24-HOUR POWER TO FULFILL
ALHAJI’S PROMISE BEFORE THE 2027 ELECTION – and there would be no need for BANDS A, B, C, D,
E CAMOUFLAGE!
BUT ALHAJI might have
to go back CAP IN HAND to Japan to negotiate for FRESH LOANS which UNBORN
Nigerian generations would be forced to pay back or SWAP WITH CRITICAL NATIONAL
ASSETS WHEN THE CULPRIT AND HIS COHORTS WOULD HAVE BEEN LONG GONE!
BOLA TINUBU SHOULD NOT
PASS OVER A ROCK LIKE A SNAKE WITHOUT LEAVING A TRACE!
One-House Parliamentary
System of Government is the WILL OF GOD FOR NIGERIA – it not too late for him
to REPENT and obey his CREATOR OR BE THROWN OUT!
“A Word is enough for
the Wise”
[EXPECT A PRIME MINISTER IN NIGERIA NOW!]
Please
look forward to more divine revelation in the next edition of Zion B-BC
Newsletter as you share this with friends and remain blessed in the Lord. [For
weekly access, to this newsletter, log on to:
facebook.com/zionfaithbible.believingchurch or http://www.zfbbc1.blogspot.com,
Please look forward to divine
revelations in The Sure Word Gospel
Tracts, Our divinely inspired books on the Amazon KINDLE Store Namely: The
Unbroken Chain of Grace, Nigeria’s Pot Pourri (Volumes 1-5), Godly
Politicking For World Peace, and The
Wedding Mascot Died
If you
have not accepted the Lord Jesus Christ as your personal Lord and Saviour,
don’t miss this great opportunity as you pray
this prayer: Lord Jesus; I confess that I am a sinner who needs to be
saved through the grace of the New Testament in your Blood, shed on the Cross
at Calvary; I renounce every sin in my life and accept you as my Lord and
personal Saviour. Please forgive me and write my name in the Book of Life.
Amen. If you prayed this prayer, you have been admitted into the family of sons
and daughters of God, who are born-again. Congratulations!
I am
yours sincerely, THE WATCHMAN Dr. David B.A. Olufon, Resident Pastor and
Editor. 08130669886, 08058436756. g-mail-dvdolufon@gmail.
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