CEO of TCN,Abdulaziz Sule Reportedly Bribes Min. of Power With N290m Lexus SUV to Retain Office

The Managing Director and Chief Executive Officer of the Transmission Company of Nigeria (TCN), Abdulaziz Ahmed Sule, has reportedly bought a 2023 Lexus LX 600 model for the Minister of Power, Mr Adebayo Adelabu, SaharaReporters has learnt.

The SUV was procured for 298,444,187.50k.

Sources told SaharaReporters that Sule bought the vehicle from the internally generated revenue of the company to bribe the minister to ensure that President Bola Tinubu does not remove him from office.

Documents exclusively obtained by SaharaReporters show the vehicle with Chassis No. JTJPBACX6P4026917 was procured from Kaura Motors Nigeria Limited through a contract agreement dated January 17, 2024, under the heading “Procurement Of Vehicles For Management Staff (Lot 1&2)”.

A payment document with the heading “Payment Advice” shows that N261,103,961.25k was paid to Kaura Motors Nigeria Limited account domicile with Fidelity Bank from TCN account through the Central Bank of Nigeria on February 20, 2024, at exactly 09:05 am and with Ref No: 997617729.

The Batch Number is 15161 and the detailed description reads, “Payment for the supply and delivery of 1No Lexus LX 600 2023 Model for management staff lot 1 and 2.”

Meanwhile, sources told SaharaReporters that the vehicle was bought by the TCN Managing Director and CEO, Sule for Mr Adelabu as a bribe to ensure his position was safe.

“The MD/CEO of TCN Engr. Abdulaziz Ahmed Sule bought the vehicle from the internally generated revenue of TCN to bribe the Minister of Power, Adebayo Adelabu to ensure that President Bola Ahmed Tinubu does not remove him from office.

“That was why when new Executive Directors were appointed for TCN by the president, the MD/CEO of TCN was not touched. This is pure corruption,” a source said.