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UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the

UNCOVERED: How NBET MD Marilyn Amobi 'Made Millions' From Fraudulent Multibillion-Naira Contracts A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit. **📷****BY SAHARAREPORTERS, NEW YORKFEB 08, 2019** 📷 Marilyn Amobi, the Managing Director of the Nigeria Bulk Electricity trading Plc (NBET), fraudulently paid at least N2 billion naira to two power generating companies, documents obtained by [**Leaks NG**](https://leaks.ng/) have shown.  The documents also revealed that Mrs Amobi, who was made the substantive boss of NBET in July 2016, was also involved in a series of corruption allegations such as subversion of board approvals and infraction of procurement laws. Fraudulent Payments To GENCOs A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. The PPA is an agreement between NBET and power generating plants for the sale and purchase of energy generated by the plants. Embedded within the