The federal government says it is investigating electricity theft and related unaccounted power losses estimated at N120 billion annually along the 132-kilovolt Ikorodu–Sagamu industrial corridor. Officials say the scale involves power losses of about 100 megawatts that are not accounted for each year.
The announcement comes during a high-level stakeholders meeting, where the Minister of Power, Joseph Tegbe, outlines the intervention. Both outlets report the government’s position that the losses translate into an estimated annual revenue impact for the electricity market. While the coverage focuses on different phrasing—one emphasizing “stolen electricity” and the other describing “unaccounted power losses”—they align on the location, the reported megawatt figure, and the N120 billion estimate. The articles also indicate that the investigation is part of a broader crackdown involving coordination with industry stakeholders.
